〈Internal Controls for the Processing of Credit Information Related to Negotiable Instruments〉
Article 19 A clearinghouse shall strengthen internal constraints and closely supervise the
conduct of personnel with respect to the handling of the record of dishonored checks
due to insufficient funds and other credit history information.
〈Handling of Violations〉
Article 20 Where a clearing entity’s violation of these Regulations or [other] negotiable
instrument clearing rules and regulations is of serious nature and might seriously
undermine the clearing operations, a clearinghouse may, with approval of its board
of directors, temporarily suspend such entity’s clearing operations and report the
same to the Bank for record. The Bank in turn will forward the information to the
Financial Supervisory Commission.
〈Supervision of Clearinghouse〉
Article 21 A clearinghouse shall submit scheduled or unscheduled business, financial or other
relevant reports as prescribed or notified by the Bank; the Bank may assign an officer
to examine the business, finance or other matters of a clearinghouse.
〈Date of Promulgation〉
Article 22 These Regulations shall take effect on February 1, 2019.
