Regulations Governing the Central Bank of the Republic of China (Taiwan)Administration of Accommodations Extended by Banks to Securities Finance Companies or Securities Firms Article 6

When a bank extends financing to a securities firm, in the event the firm uses its own securities as collateral and uses the funds to invest in securities for its own account, the portion of such investments financed by the bank shall not exceed the maximum financing ratio adopted by the FSC with the consent of the Bank, pursuant to Article 61 of the Securities and Exchange Law.When a securities underwriting firm has underwritten stocks on a firm commitment basis, banks may extend financing to the underwriter to enable it to bear costs incurred during the underwriting period and perform its underwriting duties. The financing shall not exceed 60 percent of the total price of the stock underwritten.A bank shall only accept a loan application from a securities underwriting firm when the firm completes an affidavit certifying that it has notexceeded the limit set forth in the preceding Paragraph.