Regulations Governing A Same Person or Same Concerned Party Holding the Issued Shares with Voting Rights over a Particular Ratio of an Insurance Enterprise Article 10

If the competent authority finds after approving the same person or the same related party to acquire shares of an insurance company pursuant to these Regulations that the application documents contain false information or the applicant violates the additional conditions imposed at the time of approval, the competent authority may rescind or revoke the approval and order said same person or same related party to adjust his or her shareholding [in the insurance company] within a given time period.If the same person or the same related party no longer conforms to the provisions set forth in any of Articles 3, 5, or 7 herein after the competent authority has approved said same person or same relateded party to acquire shares of an insurance company pursuant to these Regulations, said same person or same related party shall promptly inform the competent authority. In such event, the competent authority may, in view of the circumstances, order said same person or same related party to adjust his or her shareholding [in the insurance company] within a given time period or take other necessary actions, and may rescind the approval given, provided the circumstance is of serious nature.An insurance company that is aware of the situation described in the preceding paragraph shall proactively inform the competent authority.