Regulations Governing the Audit and Adjustment of Deposit and Other Liability Reserves of Financial Institutions Article 2

The term ” financial institutions ” as referred to in these Regulations shall mean financial institutions subject to the provisions of the Banking Law.The term ” checking account deposits ” as referred to in these Regulations shall mean deposits permitting the depositor to freely withdraw funds by issuing checks/giro checks, or to make payment by utilizing automation equipment based on the commission.The term ” savings deposits ” as referred to in these Regulations shall mean demand or time deposits belonging to individuals or non-profit juristic persons for the purpose of accumulating funds.The term ” demand deposits ” and ” time deposits ” as referred to in these Regulations shall be subject to the Articles 7 and 8 of the Banking Law.