The Banking Act of The Republic of China Article 128

The directors or supervisors of a bank who violate Article 64, Paragraph 1 by delaying in filing reports or the directors or staff of an investment trust company who violate Article 108 by participating in the decision, shall, respectively, be fined an administrative fine of not less than two million New Taiwan Dollars (NT$2,000,000) and not more than ten million New Taiwan Dollars (NT$10,000,000).The responsible persons or staff of a foreign bank who violate Article 123 which refers to Article 108 by participating in the decision shall be punished in accordance with the preceding paragraph.Where a bank’s shareholder violates Article 25, Paragraphs 2, 3 or 5 by failing to file a report with the competent authority or obtain the approval to hold the shares, the shareholder shall be fined an administrative fine of not less than two million New Taiwan Dollars (NT$2,000,000) and not more than ten million New Taiwan Dollars (NT$10,000,000).Where a financial information service enterprise which operates funds transfer and account clearing between financial institutions or a service enterprise which operates credit data processing and exchange between financial institutions commits one of the following acts, it shall be fined an administrative fine of not less than two million New Taiwan Dollars (NT$2,000,000) and not more than fifty million New Taiwan Dollars (NT$50,000,000):1. Refusing the examination, concealing or damaging related materials, refusing to reply to the inquiries made by the examiners without justifications or making false representations, failing to submit materials within the prescribed period or submitting false or incomplete materials when the competent authority dispatches officials or appoints an appropriate institution to examine its businesses, financial conditions and other related matters or orders the submission of financial reports or other related materials within a prescribed period.2. Suspending all or part of its business without obtaining the approval of the competent authority.3. Unless otherwise provided for in other laws or regulations prescribed by the competent authority, disclosing, without cause, others’ data learned or held in their duties.A service enterprise operating credit data processing and exchange between financial institutions operates the businesses without obtaining the approval of the competent authority shall be punished in accordance with the preceding paragraph.