2008.08.19 |
Article 2 of Regulations Governing Domestic Branches of Financial Institutions
[Chinese]
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Article 2
The term “branches” depicted in the Regulations herein mean the domestic branches and mini-branches of banks as well as the branches and min-branches of credit cooperatives.
Mini-branches mean small branches of a bank or credit cooperative that may engage in the following businesses with the approval of the Financial Supervisory Commission, Executive Yuan (referred to as the “competent authority” hereunder):
1. Accept deposits of all types;
2. Extend loans secured by certificates of deposit;
3. Extend consumer loans;
4. Extend credit card cash advances;
5. Extend small and medium enterprise loans;
6. Provide domestic remittance service;
7. Buy and sell foreign currency and traveler’s checks;
8. Provide collection and payment agency services;
9. Sell special-purpose money trust funds investing in foreign securities and domestic securities investment trust funds;
10. Act as a processing agent for other businesses of the head office; and
11. Engage in other businesses as approved by the competent authority.
A mini-branch shall obtain permission from the Central Bank of the ROC before it may undertake the business referred to in Subparagraph 7 of the preceding paragraph.