Regulations for Administration on Fixed Network Telecommunications Business Article 15

As soon as the applications for concession have been reviewed and approved, the competent authority shall make a public announcement. Except in the case of the applications for a domestic local and long-distance land cable leased-circuit business pursuant to Article 12 where the competent authority shall directly issue the approval for establishment, the competent authority shall issue the approval for establishment for integrated network business applications after the additional Ten Billion New Taiwan Dollars have been deposited in the special capital account in accordance with Article 8, Item 2 of Paragraph 2 and the performance bonds have been rendered in accordance with Article 16 and Paragraph 1 of Article 17.For applications before June 30, 2004, except as otherwise provided in these Regulations, the competent authority shall abolish its approval in the case where an applicant fails to render the performance bond in accordance with the relevant regulations.The competent authority shall issue the approval for establishment for international submarine cable leased-circuit business applications, local network business applications, long distance network business applications, or International network business applications after the performance bonds have been rendered in accordance with Article 16 and Paragraph 1 of Article 17. The competent authority shall abolish its approval in the case where an applicant for an international cable circuit leasing business fails to render the performance bond in accordance with the relevant regulations.After June 30, 2004, the competent authority shall issue the approval for establishment for integrated network business applications after the performance bonds have been rendered in accordance with Article 16 and Item 2, 3 of Article 17, which is not applied to Paragraph 1 regarding the regulations for rendering the performance bonds and issuing the approval for establishment.