Regulations Governing Foreign Exchange Business of Insurance Enterprises Article 9
The Bank may revoke or cancel all or part of its approval of an insurance enterprise engaging in foreign exchange business in the event of any of the following, depending on the seriousness of the violation: 1.The insurance enterprise fails to commence operation within six months after being issued a letter of approval. The applicant may request for an extension with appropriate reasons. If approved, the insurance enterprise may have an extension of no more than three months. An institution may apply for an extension only once; 2.The insurance enterprise has seriously violated Paragraph 3, Article 4 or other provisions of these Regulations or has failed to improve within the period specified by the Bank; 3.After being approved to engage in various foreign exchange business, the insurance enterprise is found to have provided false information in its application that constitutes a serious violation; 4.The insurance enterprise suspends operations, is dissolved, or declares bankruptcy; or5.There is evidence indicating that the applicant may hinder sound operations of the business, or that the applicant is unable to meet financial policy requirements.
中文原文 保險業辦理外匯業務管理辦法第9條
保險業經辦各項外匯業務，有下列情事之一者，本行得按其情節輕重，廢止或撤銷許可外匯業務之一部或全部：
一、發給許可函後六個月內未開辦者。
但有正當理由申請延期，經本行核准，得延長三個月，並以一次為限。
二、違反第四條第三項規定，或違反本辦法其他規定且情節重大，或經本行限期改正，屆期仍未改正。
三、經本行許可辦理各項外匯業務後，發覺原申請事項有虛偽情事，且情節重大者。
四、有停業、解散或破產之情事者。
五、其他事實足認為有礙業務健全經營或未能符合金融政策要求之虞者。
一、發給許可函後六個月內未開辦者。
但有正當理由申請延期，經本行核准，得延長三個月，並以一次為限。
二、違反第四條第三項規定，或違反本辦法其他規定且情節重大，或經本行限期改正，屆期仍未改正。
三、經本行許可辦理各項外匯業務後，發覺原申請事項有虛偽情事，且情節重大者。
四、有停業、解散或破產之情事者。
五、其他事實足認為有礙業務健全經營或未能符合金融政策要求之虞者。