Laws and Regulations Database of the Central Bank of the Republic of China(Taiwan)

Article 1
　These Regulations are prescribed pursuant to Article 11 of the Central
Bank of the Republic of China (Taiwan) Act.

Article 2

　The Central Bank of the Republic of China (Taiwan) ("the Bank") shall 
　establish the following departments:

　1.Department of Banking

　2.Department of Issuing

　3.Department of Foreign Exchange

　4.Department of the Treasury

　5.Department of Financial Inspection

　6.Department of Economic Research

　7.Secretariat

　8.Department of Accounting

　The Bank may establish various committees to handle specific matters.

Article 3
 In response to its business requirements, the Bank shall establish a Legal Affairs 
 Office.

Article 4
　The Bank shall establish a Personnel Office in accordance with the
provisions of the Personnel Management Statute.

Article 4-1
　The Bank shall establish an Ethics Office in accordance with the Statute
for the Establishment of Government Ethics Agencies and Personnel.

Article 5

　The Department of Banking shall be charged with the following duties:

　1.Matters pertaining to regulating the posting and notification by financial
　　institutions of interest rates on New Taiwan dollar denominated deposits and
　　loans.

　2.Matters pertaining to receiving the required reserves on various deposits of
　　banks, other liabilities and trust funds as well as formulating and announcing
　　the relevant ratios.

　3.Matters pertaining to handling bank deposits and special deposits.

　4.Matters pertaining to providing rediscount, short-term accommodations,
　　refinancing of secured loans as well as medium and long-term accommodations to
　　banks.

　5.Matters pertaining to formulating and implementing selective credit controls.

　6.Matters pertaining to providing special finance to the Central Deposit 
　　Insurance Corporation.

　7.Matters pertaining to the clearing and/or settling of inter-bank negotiable
　　instruments as well as electronic fund transfers.

　8.Matters pertaining to the trading of government bonds, bank debentures and 
　　short-term bills.

　9.Matters pertaining to issuance and trading of certificates of deposit, savings
　　bonds, and short-term bonds.

　10.Matters pertaining to prescribing for banks the minimum ratio of their liquid
　　 assets to their various liabilities.

　11.Other matters pertaining to the banking business.

Article 6

　The Department of Issuing shall be charged with the following duties:

　1.The handling of matters pertaining to the design and issuance of notes and 
　　coins.

　2.Matters pertaining to reserves against notes and the custody, receipt, and
　　release of currency issuance reserves.

　3.Matters pertaining to proposals for printing banknotes and minting coins.

　4.Matters pertaining to announcement of withdrawal from circulation and recall
　　of already-issued currency.

　5.Matters pertaining to collection, redemption and destruction of damaged or
　　soiled notes or coins.

　6.Matters pertaining to supervision and management of the Central Engraving &
　　Printing Plant and The Central Mint.

　7.Matters pertaining to the seizure and detention of counterfeit or altered
　　national currency, establishment of database, and nullification and 
　　destruction of such currency.

　8.Matters pertaining to issuance of gold and silver coins and commemorative
　　notes and coins.

　9.Matters pertaining to supervision of business operations associated with the
　　issuance of the New Taiwan dollar managed by the Bank of Taiwan.

　10.Other matters pertaining to currency issuance.

Article 7

　The Department of Foreign Exchange shall be charged with the following duties:

　1.Matters pertaining to management of foreign exchange reserves and planning
　　receipts and disbursements of foreign exchange.

　2.Matters pertaining to authorizing banks for conducting the foreign exchange
　　business and the related supervision.

　3.Matters pertaining to the adjustment of foreign currency demand and supply to
　　maintain an orderly foreign exchange market.

　4.Matters pertaining to account adjustments, statistics, analysis and reporting
　　related to foreign exchange receipts and payments.

　5.Matters pertaining to supervision of foreign borrowings of private enterprises
　　guaranteed by authorized banks and of their management, repayment and audit.

　6.Matters pertaining to examination and approval of overseas remittances and
　　trading of foreign bills, securities and foreign currencies.

　7.Matters pertaining to granting approval for banks to conduct offshore banking
　　business and supervision, tracking and assessment of performance.

　8.Matters pertaining to liaison with international financial institutions or
　　international organizations.

　9.Other matters pertaining to the foreign exchange business.

Article 8

　The Department of the Treasury shall be charged with the following duties:

　1.Matters pertaining to the management of receipts and disbursements of the
　　national treasury.

　2.Matters pertaining to management of designated custodian accounts of central
　　government agencies.

　3.Matters pertaining to transfers and remittances made by national treasury
　　funds.

　4.Matters pertaining to allocation of national treasury funds.

　5.Matters pertaining to custody of national treasury properties.

　6.Matters pertaining to management of central government bonds and treasury
　　bills.

　7.Matters pertaining to management of contributions and donations to the
　　central government.

　8.Matters pertaining to consignment of national treasury business and related
　　supervisions.

　9.Other matters pertaining to management of the national treasury.

Article 9

　The Department of Financial Inspection shall be charged with the following 
duties:

　1.Matters pertaining to the collection, review and analysis of data of financial
　　institutions.

　2.Matters pertaining to the collection, compilation, analysis and research of 
　　data regarding financial stability.

　3.Matters pertaining to financial stability assessment and the preparation and
　　release of financial stability reports.

　4.Matters pertaining to the examination of financial institutions’ business
　　activities related to the Bank’s monetary, credit and foreign exchange
　　policies and the payment system and others under the Bank’s authority.

　5.Matters pertaining to correction and guidance with respect to deficiencies
　　identified during the examinations of financial institutions.

　6.Matters pertaining to enforcement for financial institutions violating the
　　Bank’s regulations.

　7.Matters pertaining to conducting research on financial supervision and the
　　coordination and cooperation with other financial authorities.

　8.Other matters pertaining to financial stability.

Article 10

　The Department of Economic Research shall be charged with the following duties:

　1.Research of the banking system and its business.

　2.Research of financial and monetary policy.

　3.Research relating to foreign exchange and balance of payments.

　4. The compilation and analysis of financial statistics.

　5.The compilation and analysis of flow of funds statistics.

　6.The collection and analysis of domestic and international economic and
　　financial data.

　7.Economic and financial forecasting and econometric analysis of financial 
　　policy effectiveness.

　8.Preparation and publication of research and statistical reports and papers.

　9.Provision and exchange of data with international financial institutions.

　10.Management of the Bank's library and various economic and financial research
　　 data.

　11.Other matters pertaining to economic research.

Article 11

　The Secretariat shall be charged with the following duties:

　1.Maintaining files, providing postal services, controlling the flow and routing
　　of all incoming and outgoing correspondence.

　2.Compilation and drafting of the Bank's documents and review of documents 
　　drafted by the Bank's various departments.

　3.Custody and the use of official seals.

　4.Drafting agendas and writing minutes of important meetings/conferences.

　5.Monitor and evaluate of policy implementations.

　6.Matters pertaining to liaison with Parliament and media.

　7.Matters pertaining to the management, leasing, sale, maintenance and insurance
　　, of the Bank's properties.

　8. Matters pertaining to general affairs and administration.

　9. Expense disbursements and receipts.

　10.Overseeing the Bank's employee benefits and welfare committee.

　11.Matters not specified in other departments and offices.

Article 12

　The Department of Accounting shall be charged with the following duties:

　1.Formulation of the Bank's accounting system and the handling of accounting
　　affairs.

　2.Direction and supervision of budgetary and accounting affairs of various
　　departments and offices, branch and subordinate units.

　3.Matters pertaining to the planning, drafting and reviewing of budgets and 
　　allocation of approved budgets.

　4.Matters pertaining to the preparation of annual and semiannual financial 
　　reports.

　5.Inspection of cash, bills, securities and assets.

　6.Review of handling procedures for construction work, procurement and disposal 
　　of properties.

　7.Execution of financial and operational audits and preparation of audit reports
　　.

　8.Matters pertaining to the consolidation and analysis of operational
　　statistics and the Bank's financial statements.

　9.Selection, training, awarding, disciplining and performance evaluation of the
　　Bank's accounting personnel.

　10.Other matters pertaining to budgets, accounting, statistics and auditing.

Article 13
　The Legal Affairs Office shall be charged with the duty of advising the Bank in
　dealing with legal matters.

Article 14

　The Personnel Office shall be charged with the following duties:

　1.Proposals for the Bank's organizational composition and manpower planning.

　2.Drafting the Bank's personnel rules and regulations as well as planning and
　　improving the Bank's personnel matters.

　3.Proposals for the recruitment, remuneration, appointment and dismissal, and 
　　promotion and transfer of the Bank's employees.

　4.Planning and implementation of training, advanced studies, and business trips
　　of the Bank's employees.

　5.Matters pertaining to proposals for performance rating, attendance 
　　verification and incentives and discipline for the Bank's employees.

　6.Proposals for the remuneration, benefits, insurance and guarantee for the 
　　Bank's employees.

　7.Reviewing the retirement, indemnity and severance of the Bank's employees.

　8.Reviewing, recording, managing and analysing the Bank's personnel data.

　9.Matters pertaining to the Bank's employees' overseas travel and issuance of
　　various types of certifications.

　10.Matters pertaining to the assessment, examination, and recommendations with
　　 regard to personnel management of security police officers and technical
　　 workers of the Bank.

　11.Management of personnel offices and the associated personnel officials at 
　　 the Bank's subsidiary institutions.

　12.Other matters pertaining to personnel management business.

Article 14-1

　The Ethics Office shall be charged with the following duties:

　1.Matters pertaining to the drafting of regulations regarding ethics.

　2.Matters pertaining to publication and communication of ethics regulations.

　3.Preventing and uncovering corrupt or illegal practices among employees and
　　investigating reports of improprieties.

　4.Providing recommendations with regard to ethics reform.

　5.Providing recommendations with regard to ethical review, awards and 
　　disciplinary actions.

　6.Matters pertaining to maintaining official confidentiality.

　7.Matters pertaining to prevention of incidents threatening or damaging to the
　　Bank.

　8.Matters pertaining to assisting the handling complaints and petitions.

　9.Other matters pertaining to ethics.

Article 15

　The Department of Banking shall establish the following sections:

　1.General Affairs Section

　2.Accounting Section

　3.Cashier Section

　4.Deposit Section

　5.Discount and Loan Section

　6.Open Market Operation Section

　7.Payment and Settlement Section

Article 16

　The Department of Issuing shall establish the following sections:

　1.General Affairs Section

　2.Accounting Section

　3.Cashier Section

　4.Currency Section

　5.Mint Management Section

Article 17

　The Department of Foreign Exchange shall establish the following sections:

　1.General Affairs Section

　2.Accounting Section

　3.Settlement Section

　4.Domestic Foreign Exchange Funding Section

　5.Remittance Section

　6.Auditing Section

　7.Licensing Section

　8.Data Processing Section

　9.International Funding Section

　10.Institutional Relations Section

　11.Offshore Banking Section

　12.International Financial Organizations Section

Article 18

　The Department of the Treasury shall establish the following Sections and may
set up the Section of Receipts and Disbursements when necessary:

　1.General Affairs Section

　2.Accounting Section

　3.Cashier Section

　4.Treasury Management Section

　5.Deposits and Remittances Section

　6.Government Securities Section

Article 19

　The Department of Financial Inspection shall establish the following sections:

　1.General Affairs Section

　2.Inspection Section

　3. Research & Development Section

　4.Computerized Audit Section

　5.Information & Analysis Section

　6.Financial Stability Assessment Section.

Article 20

　The Department of Economic Research shall establish the following sections:

　1.General Affairs Section

　2.Domestic Economics Section

　3.International Economics Section

　4.Financial Statistics Section

　5.International Balance of Payments Section

　6.Flow of Funds Section

　7.Econometric Analysis Section

Article 21

　The Secretariat shall establish the following sections:

　1.Documentation Section

　2.Secretary Section

　3.General Affairs Section

　4.Property Section

　5.Cashier Section

　6.Congressional and Press Liaison Section

Article 22

　The Department of Accounting shall establish the following sections:

　1.General Affairs Section

　2.Budgeting Section

　3.Accounting Section

　4.Auditing Section

　5.Statistics Section

Article 23
　The Personnel Office shall be separated into sections for conducting
personnel affairs in accordance with provisions of personnel laws and
regulations.

Article 23-1
　The Ethics Office shall be separated into sections for conducting office
affairs in accordance with the provisions of the Statute for the
Establishment of Government Ethics Agencies and Personnel.

Article 24

　Each department shall have a Director General, and may also have one to
three Deputy Directors General depending upon the operational
workload. Appointments for these positions shall be made by the
Governor, and approved by the Board of Directors.

　Directors General shall be subordinate to the Governor and Deputy Governors in the
handling of department operations. The Deputy Directors General shall
assist in those endeavors.

Article 25
　The Bank shall have some Senior Advisers and Advisers. Their
nominations shall be recommended by the Governor and be approved by
the Board of Directors.

Article 26
　The Department of Banking shall have 6 to 10 Assistant Directors General
　(management) and 37 to 50 specialists. When necessary, 3 to 5 Assistant Directors 
　General (research) and Senior Economists may also be retained.

Article 27
　The Department of Issuing shall have 4 to 6 Assistant Directors General 
(management) and 14 to 20 specialists.

Article 28
　The Department of Foreign Exchange shall have 9 to 14 Assistant Directors General
　(management) and 101 to 120 specialists. When necessary, 5 to 7 Assistant 
　Directors General (research) and Senior Economists may also be retained.

Article 29
　The Department of Financial Inspection shall have 6 to 10 Assistant Directors
　General (audit), 3 to 6 Senior Auditors and 20 to 38 specialists.

Article 30
　The Department of Financial Inspection shall have 9 to 12 Assistant
Directors General (audit), 4 to 9 Senior Auditors and 20 to 48 specialists.

Article 31

　The Department of Economic Research shall have 6 to 12 Assistant
Directors General (research), 1 to 4 Assistant Directors General
(management), 6 to 14 Senior Economists and 17 to 38 specialists.

　The Department of Economic Research may, when necessary, request
that the Governor engages contract economists to conduct various
designated research tasks. Contract economists are without pay.

Article 32
　The Secretariat shall have 6 to 10 Assistant Directors General (secretary) and 22 
　to 34 specialists.

Article 33
　The Department of Accounting shall have 2 to 5 Assistant Directors
General (accounting), 2 to 5 Assistant Directors General (audit) and 17 to
23 specialists.

Article 34
　The Legal Affairs Office shall have one Director, one Deputy Director, 3 to 5 
　Specialists and may be separated into sections to conduct its business.

Article 35
　The Personnel Office shall have one Director, one Deputy Director and 4
to 6 specialists.

Article 35-1
　The Ethics Office shall have one Director, one Assistant Director General
(secretary) and 3 to 4 specialists.

Article 36

　Assistant Directors General (secretary, management, accounting, audit,
research), Senior Auditors, Senior Economists, Senior Specialists,
Specialists, Assistant Specialists, and Junior Specialists shall be
appointed by the Governor based upon the operational needs of each
Department and Office.

　Assistant Directors General (secretary, management, accounting, audit,
research), and Senior Specialists shall undertake matters designated or
assigned by the Governor, Deputy Governors or [department/office]
directors.

　An Assistant Director General (secretary, management, accounting,
audit, research) may, based upon operational needs and supervisory
expediency, serve concurrently as a Section Chief.

Article 37
　Each section shall have a Section Chief and 1 to 3 Deputy Section Chiefs.
Sections of less than 10 staff members shall have one Deputy Section
Chief. Sections of 10 to 20 staff members shall have 2 Deputy Section
Chiefs. Sections of more than 20 staff members shall have three Deputy
Section Chiefs. Officers, Assistants and Clerks shall be assigned in
consideration of each section's workload; the hiring of junior clerks may
also be considered.

Article 38
　The appointment and dismissal of the subordinate employees to the
Section Chief and Deputy Section Chief of each section shall be
conducted in accordance with the provisions of the Bank's Personnel
Management Criteria.

Article 39
　The personnel and organization of the Department of Accounting,
Personnel Office and Office of Ethics shall conform with these Organic
Regulations except where otherwise provided for in accounting and
statistics, personnel and government ethics laws and regulations.

Article 40
　Regulations governing the affairs of each department and office shall be
prescribed separately.

Article 41
　These Regulations shall take force from the date of promulgation.