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rder of Financial Supervisory Commission, Executive Yuan
Date of issue: August 28, 2009
Ref. No.: Gin-Guan-Yin-Piao-Zi-No. 09840005720
Attachment:
1. The expression of “the bank that signs the performance guarantee agreement with the issuing institution shall conform to the specific conditions set forth by the Competent Authority” in Paragraph 1, Article 13 of the Rules Governing the Business Operations of Electronic Stored Value Card Issuing Institutions means a bank that meets the following criteria:
(1) The ratio of equity capital to risk assets in the latest period is above ten percent (10%);
(2) The non-performing loan ratio in the past three months is below two percent (2%); and
(3) Not experiencing accumulated loss in two consecutive years as certified by a certified public accountant.
2. The expression of“the bank deposits, bank debentures and negotiable certificates of deposit shall meet the specific conditions set forth by the Competent Authority” in Subparagraph 2 of Article 12 and Paragraph 3 of Article 13 means bank deposits, bank debentures and negotiable certificates in which a trust enterprise invests with its trust property or an issuing institution invests with the amount it receives are issued by banks that meet the criteria specified in the preceding paragraph.
3. Institutions that apply for approval to issue electronic stored value cards pursuant to Paragraph 4, Article 7 of the Act Governing Issuance of Electronic Stored Value Cards but do not meet the criteria specified in the preceding two paragraphs shall make adjustment and become compliant within half a year.
4. This order takes effect immediately. |