The Banking Act of The Republic of China Article 47-1

An institution engaging in a money market or credit card business shall obtain the approval of the central competent authority. Its administration rules shall be prescribed by the central competent authority after consultation with the Central Bank of the Republic of China.Starting September 1, 2015, the interest rate charged by a bank on cash cards or the interest rate charged by a credit card business institution on the revolving credits of credit cards shall not exceed fifteen percent (15%) per annum.