Regulations Governing Issuance of Bank Debentures by Banks Article 4
Unless it is otherwise provided in Paragraphs 2 hereof, a bank may not apply to issue Bank Debentures if any of the following circumstances exist:1. Provisions for bad loans are insufficient and such an insufficiency has not been improved;2. A bank's average non-performing loan ratio for the past three (3) months reaches five (5) percent or up when the bank applies to issue Bank Debentures and the ratio has not been improved.3. Within one (1) year preceding the year when the bank applies for issuance of Bank Debentures, the number of penalty imposed on the bank by the competent authority reaches three (3) or up or the cumulative penalty amount imposed on the bank by such an authority reaches NT$ 10 million (NT$10,000,000) or up because of the bank's violation of laws and orders; provided that the bank has not corrected its act.4. The ratio of the bank's self-owned capital to risk-weighted assets at the time of the bank's application for issuance of Bank Debentures is less than the ratio in the provisions of Article 5 of Regulations Governing the Capital Adequacy Ratio and Capital Category of Banks.5. The negative value received by the bank after deducting the unamortized loss on the disposal of non-performing loans from the latest accumulated profit or loss which was reviewed and then certified by an accountant or has been inspected by the competent authority.6. The negative value received by the bank after deducting the unamortized loss on the disposal of non-performing loans from the latest net worth which was reviewed and then certified by an accountant or has been inspected and then adjusted by the competent authority; or such a deficit of capital has not been corrected by the bank within a prescribed period of time as ordered by the competent authority pursuant to Article 64 of the Banking Act of the Republic of China.For the purposes of improving a bank's financial constitution, the bank has a situation which falls under the circumstance mentioned in Subparagraph 4 and 5 can issue Bank Debentures with minimum par value of NT$10 million (NT$10,000,000) after the approval of the competent authority. In addition, sales and transfer objects of Bank Debentures are limited to banks, bill finance companies, trust enterprises, insurance companies, securities firms, specific persons who participate in the Bank Capital Strengthening Program., companies or funds whose total assets as recorded in the latest financial reports reviewed or perused by accountants exceed NT$ 50 million (NT$ 50,000,000), or trust property mentioned in a trust agreement concluded with a trust enterprise exceeds NT$ 50 million (NT$ 50,000,000).The competent authority may limit the sales object of the bank which issues Bank Debentures in accordance with the aforesaid requirements based on their financial situations and may limit the transfer object after sales to those people who participate in the Bank Capital Strengthening Program.The bank which issues Bank Debentures shall exhaust the responsibility to reasonably investigate the qualifications of persons or funds which comply with each of the aforesaid requirements.
中文原文 銀行發行金融債券辦法第4條
銀行有下列情形之一者，除第二項另有規定外，不得發行金融債券：
一、備抵呆帳提列不足尚未改善者。
二、申請發行時最近三個月平均逾放比率達百分之五以上尚未改善者。
三、申請發行前一年內，因違反法令，經主管機關核處罰鍰次數達三次以上或累計罰鍰金額達新臺幣一千萬元以上尚未改善者。
四、申請發行時自有資本與風險性資產之比率低於銀行資本適足性及資本等級管理辦法第五條規定者。
五、最近一期經會計師查核簽證或經主管機關檢查之累積盈虧扣除出售不良債權未攤銷損失後為負者。
六、最近一期經會計師查核簽證之淨值或經主管機關檢查調整後之淨值，扣除出售不良債權未攤銷損失後為負，或經主管機關依銀行法第六十四條規定限期命其補足資本者。
有前項第四款或第五款情形之銀行，為改善體質或財務狀況，經主管機關核准者，得發行金融債券，其最低面額為新臺幣一千萬元，且銷售及銷售後轉讓對象以銀行、票券業、信託業、保險業、證券業、參與該行資本強化計畫之特定人、最近一期經會計師查核或核閱之財務報告總資產超過新臺幣五千萬元之公司或基金，或與信託業簽訂信託契約之信託財產超過新臺幣五千萬元者為限。
依前項規定申請發行金融債券之銀行，主管機關得視其財務狀況限制銷售對象，並得限制銷售後轉讓對象以參與該行資本強化計畫之特定人為限。
前揭各符合條件之人或基金，其資格應由該發行金融債券之銀行盡合理調查之責任。
一、備抵呆帳提列不足尚未改善者。
二、申請發行時最近三個月平均逾放比率達百分之五以上尚未改善者。
三、申請發行前一年內，因違反法令，經主管機關核處罰鍰次數達三次以上或累計罰鍰金額達新臺幣一千萬元以上尚未改善者。
四、申請發行時自有資本與風險性資產之比率低於銀行資本適足性及資本等級管理辦法第五條規定者。
五、最近一期經會計師查核簽證或經主管機關檢查之累積盈虧扣除出售不良債權未攤銷損失後為負者。
六、最近一期經會計師查核簽證之淨值或經主管機關檢查調整後之淨值，扣除出售不良債權未攤銷損失後為負，或經主管機關依銀行法第六十四條規定限期命其補足資本者。
有前項第四款或第五款情形之銀行，為改善體質或財務狀況，經主管機關核准者，得發行金融債券，其最低面額為新臺幣一千萬元，且銷售及銷售後轉讓對象以銀行、票券業、信託業、保險業、證券業、參與該行資本強化計畫之特定人、最近一期經會計師查核或核閱之財務報告總資產超過新臺幣五千萬元之公司或基金，或與信託業簽訂信託契約之信託財產超過新臺幣五千萬元者為限。
依前項規定申請發行金融債券之銀行，主管機關得視其財務狀況限制銷售對象，並得限制銷售後轉讓對象以參與該行資本強化計畫之特定人為限。
前揭各符合條件之人或基金，其資格應由該發行金融債券之銀行盡合理調查之責任。