The Banking Act of The Republic of China Article 35-2

The guidelines for qualification requirements for the responsible persons of a bank, restrictions on concurrent positions thereof, prohibition of conflicts of interest and other matters to be complied with shall be prescribed by the competent authority.Where a responsible person of a bank does not meet the qualification requirements prescribed in the guidelines referred to in the preceding paragraph, the competent authority shall discharge their position; where they violate the restrictions on concurrent positions and the prohibition of conflicts of interest, the competent authority may order the bank to make adjustment within a prescribed period of time and discharge the responsible person when the bank fails to make adjustment within the prescribed period without justified reason.