No. 19261
Promulgation Date 2023-03-21
Financial Services Commission
ALL
CHAPTER I GENERAL PROVISIONS
Article 1 (Purpose)
Article 2 (Definitions)
Article 3 (Applicable Acts)
Article 4 (Juristic Persons)
Article 5 Deleted.
Article 6 (Insurers, etc.)
Article 7 (Determination on whether Juristic Persons are Banks)
CHAPTER II AUTHORIZATION OF BANKING BUSINESS
Article 8 (Authorization of Banking Business)
Article 9 (Minimum Capital)
Article 10 (Approval for Capital Reduction)
Article 11 (Submission of Applications)
Article 11-2 (Preliminary Authorization)
Article 12 (Public Announcement of Authorization)
Article 13 (Establishment of Overseas Local Corporations)
Article 14 (Prohibition of Use of Similar Trade Names)
CHAPTER III HOLDING LIMITS OF BANK'S STOCKS
Article 15 (Limits on Stock-Holding by Same Person)
Article 15-2 Deleted.
Article 15-3 (Approval for Holding of Stocks of Private Equity Funds Exclusive for Institutions, etc.)
Article 15-4 (Matters to be Reported by Private Equity Funds Exclusive for Institutions, etc.)
Article 15-5 (Duty of Private Equity Funds Exclusive for Institutions, etc.)
Article 16 (Restrictions on Voting Rights of Limit Excess Stocks)
Article 16-2 (Restrictions on Stockholding by Non-Financial Investors)
Article 16-3 (Appraisal and Inspections of Conversion Plans)
Article 16-4 (Examination of Qualifications of Shareholders, etc. Holding Stocks in Excess of Limit)
Article 16-5 (Special Cases for Foreign Banks, etc.)
Article 17 Deleted.
CHAPTER IV GOVERNANCE
Article 18 Deleted.
Article 19 Deleted.
Article 20 Deleted.
Article 21 Deleted.
Article 21-2 (Prohibition on Divulgence of Confidential Information)
Article 22 Deleted.
Article 23 Deleted.
Article 23-2 Deleted.
Article 23-3 Deleted.
Article 23-4 Deleted.
Article 23-5 Deleted.
Article 24 Deleted.
Article 25 Deleted.
Article 26 Deleted.
CHAPTER V BANKING SERVICES
Article 27 (Scope of Services)
Article 27-2 (Operation of Incidental Services)
Article 28 (Operation of Concurrent Business)
Article 28-2 (Management of Conflict of Interest)
Article 29 Deleted.
Article 30 (Matters to be Observed on Reserves for Deposits and Interest Rate)
Article 30-2 (Request for Reduction in Interest Rate)
Article 31 (Commercial Financial Business and Long-Term Financial Business)
Article 32 (Handling of Current Accounts)
Article 33 (Issuance of Bank Debentures)
Article 33-2 (Procedure, etc. for Issuing Write-Down Contingent Convertible Bonds and Contingent Bonds Convertible into Bank Stocks)
Article 33-3 (Procedure for Issuing Contingent Bonds Convertible into Stocks of Bank Holding Company)
Article 33-4 (Special Cases concerning Procedure for Issuance of Small Number of Contingent Bonds Convertible into Stocks of Bank Holding Company)
Article 33-5 (Registration of Debentures)
CHAPTER VI MAINTAINING SOUND MANAGEMENT
Article 34 (Guidance for Sound Management)
Article 34-2 (Prohibition of Unsound Business Conduct)
Article 34-3 (Prevention of Financial Accidents)
Article 35 (Credit Granting Limit on Same Borrowers)
Article 35-2 (Credit Granting Limits for Large Shareholders of Banks)
Article 35-3 (Acquisition Limits on Equity Securities Issued by Large Shareholders)
Article 35-4 (Bans on Exercise of Unfair Influence by Large Shareholders)
Article 35-5 (Requests for Data from Large Shareholders)
Article 36 (Loans to Government Agencies)
Article 37 (Restrictions on Investment in other Companies)
Article 38 (Prohibited Business)
Article 39 (Reporting on and Disposal of Assets for Non-Business Use)
Article 40 (Accumulation of Legal Reserves)
Article 41 (Public Announcement of Financial Statements)
Article 42 (Presentation of Statement of Financial Position)
Article 43 (Refusal to Disclose Materials)
Article 43-2 (Submission of Business Reports)
Article 43-3 (Public Disclosure of Management)
Article 43-4 (Reporting to Regular General Meetings of Shareholders)
CHAPTER VII SUPERVISION AND INSPECTIONS
Article 44 (Supervision over Banks)
Article 45 Deleted.
Article 46 (Measures for Insolvency of Deposits)
Article 47 (Reports on Amendment of Articles of Association)
Article 48 (Inspections)
Article 48-2 (Inspections of Large Shareholders)
Article 49 Deleted.
Article 50 (Requests for Holding Reserves and Disposing of Losses)
Article 51 Deleted.
Article 52 (Modification of Standard Terms and Conditions)
Article 52-2 (Provision of Important Information in Financial Transactions)
Article 52-3 Deleted.
Article 52-4 (Duty to Take Measures for Protecting Employees Providing Customer Service)
Article 53 (Sanctions against Banks)
Article 53-2 (Sanctions against Private Equity Funds Exclusive for Institutions, etc.)
Article 54 (Sanctions against Executive Officers and Employees)
Article 54-2 (Notification of Details of Measures on Retired Executive Officer, etc.)
CHAPTER VIII MERGERS, CLOSURE, AND DISSOLUTION
Article 55 (Authorization for Mergers, Dissolution, and Closure)
Article 56 (Dissolution Following Revocation of Authorization)
Article 57 (Appointment of Liquidators)
CHAPTER IX DOMESTIC BRANCHES OF FOREIGN BANKS
Article 58 (Authorization on Banking Business for Foreign Banks)
Article 59 (Application of Acts to Foreign Banks)
Article 60 (Revocation of Authorization)
Article 61 (Closure and Liquidation of Branches at Time of Revocation of Authorization)
Article 62 (Domestic Assets of Foreign Banks)
Article 63 (Application of Provisions on Capital Stock)
CHAPTER X SUPPLEMENTARY PROVISIONS
Article 64 (Hearings)
Article 65 (Entrustment of Authority)
Article 65-2 (Public Announcement in Electronic Documents)
CHAPTER XI IMPOSITION AND COLLECTION OF PENALTY SURCHARGES
Article 65-3 (Penalty Surcharges)
Article 65-4 (Imposition of Penalty Surcharges)
Article 65-5 (Submission of Opinions)
Article 65-6 (Raising Objections)
Article 65-7 (Extension of Payment Deadline of Penalty Surcharges and Payment of Penalty Surcharges in Installments)
Article 65-8 (Collection of Penalty Surcharges and Disposition Taken to Collect Penalty Surcharges in Arrears)
Article 65-9 (Charges for Compelling Compliance)
Article 65-10 (Refund of Overpaid or Erroneously Paid Penalty Surcharges)
Article 65-11 (Disposition on Deficits)
CHAPTER XII PENALTY PROVISIONS
Article 66 (Penalty Provisions)
Article 67 (Penalty Provisions)
Article 68 (Penalty Provisions)
Article 68-2 (Joint Penalty Provisions)
Article 69 (Administrative Fines)
ADDENDA <Act No. 5499, Jan. 13, 1998>
ADDENDA <Act No. 5520, Feb. 24, 1998>
ADDENDUM <Act No. 5540, May 25, 1998>
ADDENDA <Act No. 5745, Feb. 5, 1999>
ADDENDA <Act No. 5982, May 24, 1999>
ADDENDA <Act No. 6018, Sep. 7, 1999>
ADDENDA <Act No. 6177, Jan. 21, 2000>
ADDENDA <Act No. 6256, Jan. 28, 2000>
ADDENDA <Act No. 6429, Mar. 28, 2001>
ADDENDA <Act No. 6691, Apr. 27, 2002>
ADDENDA <Act No. 7428, Mar. 31, 2005>
ADDENDA <Act No. 8635, Aug. 3, 2007>
ADDENDA <Act No. 8852, Feb. 29, 2008>
ADDENDA <Act No. 8863, Feb. 29, 2008>
ADDENDA <Act No. 8905, Mar. 14, 2008>
ADDENDA <Act No. 9784, Jun. 9, 2009>
ADDENDA <Act No. 10303, May 17, 2010>
ADDENDA <Act No. 10522, Mar. 31, 2011>
ADDENDA <Act No. 10866, Jul. 21, 2011>
ADDENDA <Act No. 11051, Sep. 16, 2011>
ADDENDA <Act No. 12101, Aug. 13, 2013>
ADDENDA <Act No. 13448, Jul. 24, 2015>
ADDENDA <Act No. 13453, Jul. 31, 2015>
ADDENDA <Act No. 13613, Dec. 22, 2015>
ADDENDA <Act No. 14129, Mar. 29, 2016>
ADDENDA <Act No. 14242, May 29, 2016>
ADDENDA <Act No. 14826, Apr. 18, 2017>
ADDENDA <Act No. 15022, Oct. 31, 2017>
ADDENDA <Act No. 15936, Dec. 11, 2018>
ADDENDUM <Act No. 16190, Dec. 31, 2018>
ADDENDA <Act No. 16957, Feb. 4, 2020>
ADDENDA <Act No. 17112, Mar. 24, 2020>
ADDENDUM <Act No. 17293, May 19, 2020>
ADDENDA <Act No. 17799, Dec. 29, 2020>
ADDENDUM <Act No. 18126, Apr. 20, 2021>
ADDENDA <Act No. 18128, Apr. 20, 2021>
ADDENDUM <Act No. 18573, Dec. 7, 2021>
ADDENDUM <Act No. 19261, Mar. 21, 2023>