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

For a new foreign exchange derivatives business that has not yet been approved, an authorized bank shall apply for approval pursuant to the procedures set forth in Article 13; the relevant guidelines concerning the business shall be specified in the letter of approval issued by the Bank. The Bank may authorize the "Taipei Foreign Exchange Market Development Foundation" (" the Foundation") to coordinate with "R.O.C. Bankers Association" ("BA") to formulate guidelines for contract signing, transaction and settlement methods, the contents of risk disclosure statements, accounting principles, formats of financial statements and reports, information disclosure methods, methods for dispute resolution, procedure for reporting incompliance to the Bank and other related matters. Such guidelines will become effective after the Bank's approval. The same procedure shall be followed for any amendments.

An authorized bank shall act in accordance with relevant regulations and the above guidelines when conducting the foreign exchange derivatives business.