The Banking Act of The Republic of China Article 57

When a bank establishes a branch office, it shall prepare the business plan and location of such branch office and apply to the central competent authority for approval and obtain a business license. When a bank relocates or closes a branch office, it shall apply to the central competent authority for approval.When a bank establishes, relocates, or closes a non-business operation office or an automated service facility outside its business place, it shall file an application in advance. It may establish, relocate or close them if the central competent authority does not expressly reject such application within a specified period of time from the date of application, provided that the bank shall not engage in any actions applied for during the wait period after the application.Administration rules governing the preceding two paragraphs shall be prescribed by the central competent authority.