Regulations Governing Transactions Other Than Loans between Insurance Enterprises and Interested Parties Article 4
When an insurance enterprise engages in transactions other than loans with interested parties, the terms of such transactions shall not be more favorable than those offered to other same category counterparties, and such transactions require the concurrence of at least three-quarters of all directors of the insurance enterprise present at a board of directors meeting attended by at least two-thirds of all directors.Directors attending a board of directors meeting shall recuse themselves from cases involving themselves or their interested parties and shall not exercise voting rights on behalf of other directors. The preceding provision does not apply to insurance enterprises organized by a single juristic person shareholder where the case involves that single juristic person shareholder.When an insurance enterprise engages in the following transactions other than loans with its interested parties, it may draw up internal operational rules with the concurrence of at least three-quarters of all directors present at a board of directors meeting attended by at least two-thirds of all directors to give the managing department general authorization to engage in those transactions according to the operational rules, and the terms of such transactions may not be more favorable than those offered to other same category counterparties:1. The following transactions with stated, open market prices:(1) Transactions of financial derivatives.(2) Remittance, foreign exchange, deposit and foreign currency transactions.(3) Transactions of short-term notes or bills in primary and secondary markets, and transactions of government bonds, financial bonds and corporate bonds in the secondary market.2. Transactions of New Taiwan Dollar (NTD) and foreign currency denominated corporate bonds and financial bonds not linked to equity where the bond issuer or the bond itself has a rating equivalent to twA or above from Taiwan Ratings, provided the total amount of subscription of such corporate bond or financial bond by a same person during the bond’s underwriting period does not exceed NT$10,000,000.3.Sharing of processing fees, service fees or commissions generated from cross-selling and joint promotion of other business’ products or provision of relevant services with other subsidiaries belonging to the same financial holding company.4.The following insurance products or other transactions related to insurance:(1) Transactions of insurance products whose premium rates have been reported to the competent authority for approval or on a use-and-file basis and prices or premium rates have been reported to the competent authority or industry association for approval, or on a file-and-use or use-and-file basis, or other transactions with established, uniform fee standards.(2) Transactions involving reinsurance commissions, reinsurance premiums, other commissions or agency fees and relevant service costs.5. A single transaction not exceeding NT$5,000,000.6. Acquisition and disposal of beneficial securities of collective trust fund or beneficiary certificates of securities investment trust fund, futures trust fund (including exchange-traded funds and exchange-traded futures trust funds, but excluding closed-end funds) or exchange traded notes issued by an interested party through investment; and the managing department should compile transaction records and profit/loss status for each transaction and report to the board of directors on a quarterly basis. If other regulations stipulate otherwise, such other regulations shall prevail.7. Transaction of securitized financial asset products or securitized real estate products publicly placed or offered in accordance with the Financial Asset Securitization Act or the Real Estate Securitization Act and traded in the secondary market, but excluding the beneficial securities of real estate investment trust; and the managing department should compile transaction records and profit/loss status for each transaction and report to the board of directors on a quarterly basis. The preceding provision does not apply to beneficial securities and asset-backed securities with an issuance period of one year or less.8. Transactions made in accordance with the Regulations Governing the Management of Collective Trust Funds or the Regulations Governing Management and Utilization of Collective Investment Trust Funds when the interested party is a bank ; transactions made with fund assets in accordance with the Regulations Governing Securities Investment Trust Funds or the Regulations Governing Futures Trust Funds when the interested party is a securities investment trust enterprise (SITE).9. Transactions made through the Emerging Stock Computerized Price Negotiation and Click System in connection with the obligations of the interested party to give quotes and offer to buy and sell emerging stocks when the interested party is a recommending securities firm for emerging stocks.10. Transactions relating to the handling of non-performing loans of an insurance enterprise by an appointed impartial third party recognized by the competent authority in accordance with the Regulations Governing The Recognition Of An Impartial Third Party And Its Public Auction Procedure.11. Except for transactions involving securities with equity characteristics, single transactions in an amount not exceeding NT$50,000,000 with the parent financial holding company or a wholly directly or indirectly owned subsidiary of the parent financial holding company.12. A public-interest disaster relief donation for a major natural disaster.13. The following transactions related to the discretionary investment business：(1) Transactions made in accordance with the Regulations Governing the Conduct of Discretionary Investment Business by Securities Investment Trust Enterprises and Securities Investment Consulting Enterprises when the interested party is a SITE, securities investment consulting enterprise (SICE).(Hereinafter referred to as "discretionary investment transactions").(2) Commissions and fees for the transactions of preceding item.The term “single transaction” mentioned in Subparagraphs 5 and 11 of the preceding paragraph shall be determined by the following standards:1. If the contractual activity involves an outright transaction, it is determined by total contract value.2. If the contract, regardless whether it is a fixed-term or indefinite-term contract, agrees on payment of commissions or expenses, it is determined by the agreed single payment of commission or expense effected during the term of contract (if the contract agrees on monthly payment, the entire monthly payment, whether it is paid in one lump sum or in installments, should be viewed as a single payment).3. If it is a lease contract, it is determined by the total amount of annual rent or annual interest equivalent on the rental deposit.4. If the transaction involves securities with equity characteristics or structured product, it is determined by the total amount of transaction for the day.5. If it is a financial derivative transaction, it is determined by the total nominal amount of transaction for the day.The responsible person of the branch of a foreign insurance enterprise in Taiwan may, with the concurrence of at least three-quarters of all directors present at a board of directors meeting attended by at least two-thirds of all directors, execute matters under this article as decided by the board of directors within the scope of authorization.
中文原文 保險業與利害關係人從事放款以外之其他交易管理辦法第4條
保險業與其利害關係人從事放款以外之其他交易時，其條件不得優於其他同類對象，並應經公司三分之二以上董事之出席及出席董事四分之三以上同意之決議後為之。
出席董事對與本人或與本人有利害關係者之案件，應行迴避，且不得代理其他董事出席行使表決權。
但單一法人股東組織之保險業，案件涉及該單一法人股東者，不在此限。
保險業與其利害關係人從事下列放款以外之其他交易，得研擬內部作業規範，並經董事會三分之二以上董事出席及出席董事四分之三以上同意之決議概括授權經理部門依該作業規範辦理，且其交易條件不得優於其他同類對象：
一、具有市場牌告、公開市價之下列交易：
（一）衍生性金融商品交易。
（二）匯款、匯兌、存款、外幣買賣。
（三）短期票券之初級、次級市場交易，以及政府公債、金融債券、公司債之次級市場有價證券交易。
二、以新臺幣及外幣計價且非涉股權連結之普通公司債及金融債券，該債券發行人或債券本身須具備相當於中華信評twA級以上之評等；且同一人於承銷期間之認購總額不超過新臺幣一千萬元。
三、與同屬金融控股公司之其他子公司間從事共同行銷及合作推廣他業商品或提供相關服務，所產生手續費、服務費或佣金之分攤。
四、下列保險商品交易或其他與保險業務有關之交易：
（一）保險費率報經主管機關核准及備查之保險商品之交易，及價格或費率經主管機關或金融同業間組織核准、核備及備查，或已有定型化、一致性收費標準之其他交易。
（二）再保佣金、再保險費、其他佣金或代理費用及相關勞務費用等。
五、單筆未超過新臺幣五百萬元之交易。
六、投資取得、處分利害關係人發行之共同信託基金受益證券、證券投資信託基金、期貨信託基金受益憑證（包括指數股票型基金及指數股票型期貨信託基金，但不包括封閉式基金）或指數投資證券；且經理部門應逐筆彙整成交記錄及其損益情形，按季提報董事會備查。
但其他法規另有規定者，依其規定。
七、依金融資產證券化條例及不動產證券化條例公開招募或募集之金融資產證券化商品或不動產證券化商品之次級市場交易，但不包括不動產投資信託受益證券；且經理部門應逐筆彙整成交記錄及其損益情形，按季提報董事會備查，但發行期限在一年以內之受益證券及資產基礎證券，不在此限。
八、利害關係人為兼營信託業務之銀行，依共同信託基金管理辦法及信託資金集合管理運用管理辦法之交易；利害關係人為證券投資信託公司，依證券投資信託基金管理辦法及期貨信託基金管理辦法運用基金資產所為之交易。
九、利害關係人如為興櫃股票之推薦證券商，其為報價及應買應賣義務，於興櫃股票電腦議價點選系統所為之交易。
十、委託經主管機關依公正第三人認可及其公開拍賣程序辦法認可之公正第三人，處理保險業不良債權之相關交易。
十一、除涉及股權性質之有價證券交易外，與金融控股母公司及金融控股母公司直接或間接持股百分之百之子公司間單筆交易金額未超過新臺幣五千萬元之交易。
十二、因重大災害所為急難救助之公益性質捐贈。
十三、下列與全權委託投資業務有關之交易：
（一）利害關係人為證券投資信託公司、證券投資顧問公司、兼營證券投資信託事業或證券投資顧問事業之公司，依證券投資信託事業證券投資顧問事業經營全權委託投資業務管理辦法之交易（以下簡稱全委交易）。
（二）前目交易之委託報酬與費用。
前項第五款及第十一款所稱單筆交易，應採下列認定標準：
一、契約行為如屬買賣斷交易者，採契約成交總金額。
二、約定給付佣金或費用之契約，無論定期或不定期契約，均指於契約存續期間內，約定單筆給付之佣金或費用（如契約約定每月給付，則該月份無論為一次或分次給付，仍應視為同一筆）。
三、租賃契約採換算年租金總額或押租金之年約當利息總額。
四、具股權性質之有價證券或結構型商品交易，採當日交易總額。
五、衍生性金融商品交易，採當日交易名目本金總額。
外國保險業在臺分公司負責人得經董事會三分之二以上董事出席及出席董事四分之三以上同意之決議，於其授權範圍內執行本條董事會決議事項。
出席董事對與本人或與本人有利害關係者之案件，應行迴避，且不得代理其他董事出席行使表決權。
但單一法人股東組織之保險業，案件涉及該單一法人股東者，不在此限。
保險業與其利害關係人從事下列放款以外之其他交易，得研擬內部作業規範，並經董事會三分之二以上董事出席及出席董事四分之三以上同意之決議概括授權經理部門依該作業規範辦理，且其交易條件不得優於其他同類對象：
一、具有市場牌告、公開市價之下列交易：
（一）衍生性金融商品交易。
（二）匯款、匯兌、存款、外幣買賣。
（三）短期票券之初級、次級市場交易，以及政府公債、金融債券、公司債之次級市場有價證券交易。
二、以新臺幣及外幣計價且非涉股權連結之普通公司債及金融債券，該債券發行人或債券本身須具備相當於中華信評twA級以上之評等；且同一人於承銷期間之認購總額不超過新臺幣一千萬元。
三、與同屬金融控股公司之其他子公司間從事共同行銷及合作推廣他業商品或提供相關服務，所產生手續費、服務費或佣金之分攤。
四、下列保險商品交易或其他與保險業務有關之交易：
（一）保險費率報經主管機關核准及備查之保險商品之交易，及價格或費率經主管機關或金融同業間組織核准、核備及備查，或已有定型化、一致性收費標準之其他交易。
（二）再保佣金、再保險費、其他佣金或代理費用及相關勞務費用等。
五、單筆未超過新臺幣五百萬元之交易。
六、投資取得、處分利害關係人發行之共同信託基金受益證券、證券投資信託基金、期貨信託基金受益憑證（包括指數股票型基金及指數股票型期貨信託基金，但不包括封閉式基金）或指數投資證券；且經理部門應逐筆彙整成交記錄及其損益情形，按季提報董事會備查。
但其他法規另有規定者，依其規定。
七、依金融資產證券化條例及不動產證券化條例公開招募或募集之金融資產證券化商品或不動產證券化商品之次級市場交易，但不包括不動產投資信託受益證券；且經理部門應逐筆彙整成交記錄及其損益情形，按季提報董事會備查，但發行期限在一年以內之受益證券及資產基礎證券，不在此限。
八、利害關係人為兼營信託業務之銀行，依共同信託基金管理辦法及信託資金集合管理運用管理辦法之交易；利害關係人為證券投資信託公司，依證券投資信託基金管理辦法及期貨信託基金管理辦法運用基金資產所為之交易。
九、利害關係人如為興櫃股票之推薦證券商，其為報價及應買應賣義務，於興櫃股票電腦議價點選系統所為之交易。
十、委託經主管機關依公正第三人認可及其公開拍賣程序辦法認可之公正第三人，處理保險業不良債權之相關交易。
十一、除涉及股權性質之有價證券交易外，與金融控股母公司及金融控股母公司直接或間接持股百分之百之子公司間單筆交易金額未超過新臺幣五千萬元之交易。
十二、因重大災害所為急難救助之公益性質捐贈。
十三、下列與全權委託投資業務有關之交易：
（一）利害關係人為證券投資信託公司、證券投資顧問公司、兼營證券投資信託事業或證券投資顧問事業之公司，依證券投資信託事業證券投資顧問事業經營全權委託投資業務管理辦法之交易（以下簡稱全委交易）。
（二）前目交易之委託報酬與費用。
前項第五款及第十一款所稱單筆交易，應採下列認定標準：
一、契約行為如屬買賣斷交易者，採契約成交總金額。
二、約定給付佣金或費用之契約，無論定期或不定期契約，均指於契約存續期間內，約定單筆給付之佣金或費用（如契約約定每月給付，則該月份無論為一次或分次給付，仍應視為同一筆）。
三、租賃契約採換算年租金總額或押租金之年約當利息總額。
四、具股權性質之有價證券或結構型商品交易，採當日交易總額。
五、衍生性金融商品交易，採當日交易名目本金總額。
外國保險業在臺分公司負責人得經董事會三分之二以上董事出席及出席董事四分之三以上同意之決議，於其授權範圍內執行本條董事會決議事項。