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

The Central Bank of the Republic of China (Taiwan) (hereafter called the Bank) sets forth these Regulations to delineate the duties of administrative units within the organization.

The responsibilities of Counselors and Advisors are as follows:

1.Making suggestions on important work plans and projects.

2.Studying, improving and advising on regulations, systems and important operations.

3.Assisting important operations in administrative units.

4.Other matters as instructed.

The Bank shall establish the following departments and offices:

1.Department of Banking, comprising seven sections.

2.Department of Issuing, comprising five sections.

3.Department of Foreign Exchange, comprising twelve sections.

4.Department of the Treasury, comprising six sections.

5.Department of Financial Inspection, comprising six sections.

6.Department of Economic Research, comprising seven sections.

7.Secretariat, comprising six sections.

8.Department of Accounting, comprising five sections.

9.Department of Information Management, comprising four sections.

10.Personnel Office, comprising two sections.

11.Ethics Office, comprising two sections.

12.Legal Affairs Office, comprising two sections.

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

1.Matters pertaining to discount window facilities.

2.Matters pertaining to the receipt and audit of reserve requirements

3.Matters pertaining to open market operations.

4.Matters pertaining to the acceptance of re-deposits from financial institutions.

5.Auditing liquidity of financial institutions.

6.Implementing selective credit controls.

7.Regulating the posting and reporting of interest rates by financial institutions.

8.Administration of accommodations extended by banks to securities finance companies or securities firms.

9.Regulating the financial payment systems and conducting the operation pertaining to the transfers and settlements of interbank funds.

10.Other matters pertaining to monetary management.

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

1.The design and issuance of national currency.

2.Custody, receipt and release of reserves against currency in circulation, and currency in vaults.

3.Planning the printing and minting of national currency.

4.Announcement and recall of national currency withdrawn from circulation.

5.Collection, redemption and destruction of damaged or soiled national currency.

6.Supervision of the operations of the Central Engraving and Printing Plant and the Central Mint.

7.Seizure, nullification and destruction of counterfeit (or altered) notes and coins and the establishment of database on incidents of counterfeit (or altered) notes and coins cases.

8.Issuance of gold and silver coins and commemorative notes and coins.

9.Commission and supervision of matters associated with the issuance of the New Taiwan dollar.

10.Other matters pertaining to issuance of national currency.

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

1.Management of foreign exchange reserves and planning of receipts and disbursements of foreign exchange.

2.Trading of foreign securities and foreign currencies.

3.Adjustment of demand and supply of foreign exchange and maintaining an orderly foreign exchange market.

4.Approval, review, and supervision of foreign exchange business conducted by authorized banks and other enterprises.

5.Examination and approval of overseas remittance.

6.Approval, supervision, data collection, analysis, research, and reporting relating to international financial businesses of offshore banking units.

7.Communication with foreign correspondent banks, international financial institutions or organizations.

8.Calculating, compiling, analyzing and reporting the receipts and payments of foreign exchange.

9.Supervision of private enterprises’ foreign borrowings guaranteed by authorized banks, with reference to the repayment schedules.

10.Other matters pertaining to the foreign exchange business.

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

1.Management of the National Treasury’s cash accounts.

2.Management of designated cash custody accounts of central government agencies.

3.Transfers and allocation of the National Treasury funds.

4.Safekeeping of central government agencies’ securities and other assets.

5.Management of donations to the central government.

6.Delegating the National Treasury business and related supervision.

7.Management of affairs concerning central government bonds and treasury bills.

8.Delegating central government bonds and treasury bills business and related supervision.

9.Other matters pertaining to the management of the National Treasury.

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

1.Inspection or targeted examination of financial institutions’ business activities related to the Bank’s monetary, credit or foreign exchange policies, the payment systems, and other business activities under the Bank’s jurisdiction.

2.Rectification and guidance with respect to deficiencies identified during inspections or examinations of financial institutions.

3.Taking enforcement actions against financial institutions violating the Bank's regulations.

4.Collection, review and analysis of data related to financial institutions.

5.Collection, compilation, analysis and research of data regarding financial stability.

6.Financial stability assessment and the preparation and publication of financial stability reports.

7.Conducting research on financial supervision and coordination and cooperation with other financial authorities.

8.Other matters pertaining to financial examination.

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

1.Research of monetary policies and financial systems and related businesses.

2.Research of domestic and international economic and financial situations and collection and analysis of related data.

3.Compilation and analysis of financial statistics.

4.Compilation and analysis of balance of payments statistics.

5.Compilation and analysis of flow of funds statistics.

6.Forecasting and analysis of economic, financial and monetary conditions.

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

8.Information exchange with international financial institutions or organizations.

9.Management of the Bank's library and various economic and financial data and information.

10.Other matters pertaining to economic research.

The Secretariat shall be charged with the following duties:

1.Document and file management, collection and routing of all incoming and outgoing correspondence, and providing postal services.

2.Compilation and review of the Bank's documents, and custody of Bank’s official seals.

3.Monitoring and follow-up of major affairs and important meetings as well as conferences of the Bank.

4.Maintaining liaison and communication with the parliament and the media.

5.Matters pertaining to the management, leasing, sale, and insurance of Bank properties.

6.Administration of general affairs of the Bank.

7.Expense disbursements and receipts.

8.Management of worker safety and hygiene.

9.Supporting the Bank’s employee benefits and welfare committee.

10.Matters not managed by other offices or departments.

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

1.Formulating the Bank's accounting system and handling accounting affairs.

2.Directing and supervising budgetary and accounting affairs of administrative units, branch offices, representative offices and subsidiary institutions.

3.Planning, drafting, and reviewing budgets, and allocating approved budgets.

4.Preparation of annual and semiannual financial reports.

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

6.Review of handling procedures for procurement and disposal of properties.

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

8.Preparation and analysis of the Bank’s financial statements, and conducting related statistics work.

9.Proposing the selection, training, incentives, discipline, and performance evaluation of the Bank’s accounting personnel.

10.Other matters pertaining to accounting and audit.

The Department of Information Management shall be charged with the following duties：

1.Formulating the goals and strategies for the Bank’s overall information management.

2.Overall planning, training, research and development of information management operations.

3.Planning, developing and maintaining the application systems.

4.Establishing, maintaining and managing the environments of information operations and database.

5.Establishing, operating and managing the environments of computers and networks.

6.Planning and handling information and communication security.

7.Exchange of information and coordination with other agencies.

8.Auditing the information management operations of subsidiary institutions.

9.Other matters pertaining to information management.

The Personnel Office shall be charged with the duty of the Bank’s personnel managing matters.

The Ethics Office shall be charged with the duty of managing the Bank’s ethics matters.

The Legal Affairs Office shall be charged with the following duties:

1.Review of draft regulations.

2.Compilation and review of regulations.

3.Study and clarification of regulatory questions.

4.Drafting responses to administrative appeal cases.

5.Handling disputes and litigation cases.

6.Drafting proposals for Mainland-related affairs.

7.Study and analysis of contracts to be signed with domestic or foreign entities.

8.Other matters pertaining to the legal system and administrative appeals.

The Bank, in conducting its business, adopts a hierarchical delegation system under which decisions are made in accordance with the established table of authority delegations.

These Regulations shall take effect on April 29, 2011.