Regulations Governing Foreign Exchange Business of Banking Enterprises Article 24

(Relocation, Name Change or Closure)When a banking enterprise that has been approved to engage in foreign exchange business pursuant to Article 9, Article 10 or Paragraph 1 and Paragraph 3 of the preceding article changes its address or name, the banking enterprise shall, within two weeks before or after the changes take effect, submit the following documents to the Bank to apply for a updated certificate of authorization or report to the Bank for record:1.Chunghwa Post and its post offices: A photocopy of the letter of approval from the FSC or the letter of approval from its head office; In the event of relocation, the curricula vitae of operations and auditing personnel.2.Banking enterprises other than those mentioned in the preceding subparagraph: Approval documents from the competent authority, a photocopy of the updated business license or the approval certificate received; in the event of relocation, the curricula vitae of operations and auditing personnel.When a banking enterprise that has been approved to engage in foreign exchange business is closed, or terminates part or all of its foreign exchange business, the banking enterprise shall, within one week after the closure or termination, turn in the certificate of authorization to the Bank, or apply to the Bank for a updated certificate, or report to the Bank for record.