The Central Bank of the Republic of China (Taiwan) Act Article 38

In conformity with the powers and functions authorized by this Act, the Bank, if necessary, may undertake the inspection of the business of financial institutions and the targeted examination of such business as outlined in Chapter 3 of this Act; and may direct financial institutions to prepare and submit, within a prescribed period of time, accurate financial reports, property inventories or other relevant documents and reports.If the responsible person(s) or staff member(s) of a financial institution or its branch office commit(s) any of the following acts when the Bank dispatches officials to inspect or examine its business, or directs the financial institution to prepare and submit accurate financial reports, property inventories or other relevant documents and reports in accordance with the preceding paragraph, the financial institution or its branch office shall be liable to a fine of not less than Two Million New Taiwan Dollars (NT$2,000,000) but not more than Ten Million New Taiwan Dollars (NT$10,000,000), imposed by the Bank:1. Refusing to be inspected or examined;2. Concealing or damaging account books and documents related to business or financial conditions;3. Refusing to reply or providing false information to inquiries made by the examiner without justifiable reasons;4. Failure to provide accurate and complete financial reports, property inventories or other relevant documents or reports in a timely manner.The financial institution or its branch office shall seek recourse from the responsible person(s) after paying such administrative fines.