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

The Bank may reject a banking enterprise's application for foreign exchange business in the event of any of the following:

1.Qualifications of the applicant do not comply with regulations;

2.The applicant has failed to fully assist declarants to fill out the Declaration Statement of Foreign Exchange Receipts and Disbursements or Transactions(hereinafter referred to as Declaration Statement);

3.A high number of errors in the certificates, reports and forms prepared by the applicant;

4.The applicant had seriously violated the provisions of these Regulations and was rectified by the Bank, but has failed to improve within the period specified by the Bank;

5.There is evidence indicating that the applicant may hinder sound operations of the business, or that the applicant is unable to meet financial policy requirements.