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The Commission’s Letter Jin-Kuan-Yin-(4)-Zi-09585007140 Dated March 30, 2006 Ceases to Apply from This Day Onwards
Issuing Agency: Financial Supervisory Commission, Executive Yuan
Date of Issue: October 05, 2007
Ref. No.: Jin-Kuan-Yin-(4)-Zi-09640005340
Subject: The Commission’s Letter Jin-Kuan-Yin-(4)-Zi-09585007140 dated March 30, 2006, which concerned the interpretation of the situation that a financial institution which engaging in cash card businesses shall not charge compound interest, ceases to apply from this day onwards. Kindly acknowledge receipt of this letter and forward notifications.
Explanation:
The provision interpreted by the letter mentioned in the paragraph of the subject has been incorporated into the ‘Regulations Governing the Cash Card Business of Financial Institutions’ and hence it ceases to apply from this day onwards.
To (The Original): The Bankers Association of the Republic of China; National Federation of Credit Cooperatives
To (Copy): Central Bank of the Republic of China; Consumer Protection Commission (CPC), Executive Yuan; Financial Examination Bureau, Financial Supervisory Commission; Banking Bureau of the Commission |