The Banking Act of The Republic of China Article 61-1

Where a bank violates laws or regulations or its articles of incorporation or is likely to have unsound operations, the competent authority may, depending on the situation, take any of the following actions in addition to ordering correction or improvement by the bank within a prescribed period of time:1.Revoke resolutions of statutory meetings;2.Suspend part of the bank's business;3. Restrict investments;4.Order or prohibit the bank from disposing of or transferring specific assets;5.Order the bank to close a branch or department within a prescribed period.6.Order the bank to discharge managers or staff or suspend them from performing their duties for a prescribed period of time;7.Discharge directors or supervisors or suspend them from performing their duties for a prescribed period of time;8.Order the bank to set aside a certain monetary amount of reserve;9.Other necessary measures.Where a bank's directors or supervisors are discharged in accordance with Subparagraph 7 of the preceding paragraph, the competent authority shall notify the competent authority of company registration to cancel or terminate the registration of such directors or supervisors.Where business assistance is necessary for improving a bank's operational defects, the competent authority may designate institutions to conduct it.