Title:
Regulations Governing the Audit and Adjustment of Deposit and Other Liability Reserves of Financial Institutions
Inactive Regulations
The term ”financial institutions” as referred to in these Regulations shall mean financial institutions subject to the provisions of the Banking Law.
The term ”checking account deposits” as referred to in these Regulations shall mean deposits permitting the depositor to freely withdraw funds by issuing checks/giro checks, or to make payment by utilizing automation equipment based on the commission.
The term ”savings deposits” as referred to in these Regulations shall mean demand or time deposits belonging to individuals or non-profit juristic persons for the purpose of accumulating funds.
The term ”demand deposits” and ”time deposits” as referred to in these Regulations shall be subject to the Articles 7 and 8 of the Banking Law.