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

Article 7

　The Bank shall have a Board of Supervisors, composed of five to seven 
supervisors to be nominated by the Executive Yuan and appointed by the 
President. The Minister of Directorate-General of Budget, Accounting and 
Statistics of the Executive Yuan shall be an ex officio supervisor.

　Except for the ex officio supervisor, the supervisors shall be appointed for a
term of three years andmay be re-appointed upon the expirations of such term.

　The Board of Supervisors shall have a chairman to be elected from among
the supervisors.

Article 8

　The powers and functions of the Board of Supervisors shall be as follows:

　1. To examine the Bank's assets and liabilities;

　2. To audit the Bank's accounts;

　3. To examine the reserves for the issuance of currency by the Bank;

　4. To examine the amount of currency issued by the Bank;

　5. To examine and approve the Bank's financial statements;

　6. To investigate any case involving violation of this Act and the by-laws
　　　and regulations of the Bank. The result of such investigation shall be
　　　referred to the Board of Directors for corrective action.