Regulations Governing Authorization and Administration of Service Enterprises Engaged in Interbank Credit Information Processing and Exchange Article 6

The service enterprise engaged in interbank credit information processing and exchange should have one president, who is responsible for supervising the entire business of such service. No other person should take the same role. The president must have good codes of conduct, leadership and ability to effectively manage the business unit, and fulfill any of the following requirements:1. Holds a bachelor's degree or higher in Taiwan or abroad, or possesses an equivalent level of education; has worked in banking for not less than nine years, including not less than three years as manager or higher at a bank's head office, or has not less than three years of equivalent experience, or has worked for not less than three years in a comparable position at a bank of comparable size; and performed well in all the above.2. Holds a bachelor's degree or higher in Taiwan or abroad, or possesses an equivalent level of education; has worked for not less than nine years in the government in financial administration or oversight, including not less than three years at civil service Junior Rank [Class 9] or higher, in an equivalent position; and performed well in all the above.3. Has worked in banking for not less than five years, including not less than three years as vice president or higher of a bank, or in an equivalent position; and performed well in the above.4. Has worked for not less than three years as vice president or higher of a service enterprise engaged in interbank credit information processing and exchange; or has worked for not less than seven years in financial information services; and performed well in the above.5. Can present other facts sufficient to prove that he or she has leadership ability and management experience, and is capable of properly and effectively operating a service enterprise engaged in interbank credit information processing and exchange.No one shall serve as president of a service enterprise engaged in interbank credit information processing and exchange until documents proving his or her qualifications have been submitted for review to the Competent Authority and been approved thereby.