Regulations Governing Banks Conducting Financial Products and Services for High-Asset Customers Article 8

Banks conducting the business shall apply for approval from the FSC and submit the following documents:1. The legal compliance statement;2. The minutes containing board resolutions; Branches of foreign banks in Taiwan may use consent forms submitted by authorized personnel of the head office or the regional headquarters.3. Business plan:(1) Business plans for conducting the business.(2) Evidence or supporting documents or information that the bank meets the criteria established in the preceding article.(3) Explanation of the other new financial products or consulting services necessary for meeting personalized or customized demands of high-asset customers in the application filed in accordance with Article 5, Paragraph 1, Subparagraph 8.(4) The internal operating procedures shall include the following items:a. Departments of conducting the business and division of labor of the internal organization, qualifications of business personnel, and the code of conduct.b. Procedures for the protection of customer interest and dispute resolution.c. Operating guidelines and procedures.d. Enhanced Internal controls, risk management, and code of conduct management mechanisms for conducting the business.4. Other items specified by the FSC.Banks shall include the internal operating procedures of conducting the business in the internal control and internal audit items.