Explanation Letter regarding Paragraph 2, Article 30 of the Financial Holding Company Act
Issuance date: August 27th, 2019
Reference No.: Jin-Guan-Yin-Fa-Zi Order No. 10802118530
1. A subsidiary, all outstanding shares or capital stock of which held by a financial holding company, referred to in the Paragraph 2, Article 30 of the Financial Holding Company Act (the Act) shall include a subsidiary as defined in Subparagraph 4, Paragraph 1, Article 4 of the Act and all outstanding shares or capital stock of such subsidiary are held by a wholly-owned subsidiary of a financial holding company.
2. The Order takes effect on the issuance date.
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