Chapter 1. General Provisions. |
| Article 1 |
These Rules are enacted pursuant to Paragraph 1, Article 45-1 of the Banking Act of The Republic of China. |
| Article 2 |
A bank shall establish internal control and audit systems and ensure the continuing and effective implementation of such systems to promote the sound development of the bank and uphold financial stability. |
| Article 3 |
The basic purpose of internal controls is to promote the sound operations of a bank. The board of directors, supervisors and all employees of the bank shall comply with such internal controls to ensure the attainment of following objectives:
1. Operational performance and efficiency.
2. Reliability of financial reporting.
3. Compliance with relevant laws and regulations.
The objective of “operational performance and efficiency” depicted in subparagraph 1 of the preceding paragraph pertains to profit, business performance and assurance of asset security. |