Pursuant to Article 9 of the “Organic Act Governing the Establishment of the Financial Supervisory Commission”, the FSC shall have one chairperson, who shall be a special appointee, and two vice chairpersons, one of whom shall be a politically appointed senior civil servant at civil service grade 14, and the other shall be a regularly appointed senior civil servant at grade 14.
The FSC shall have 6 to 12 commissioners. Among them, the Minister of Finance, the Minister of Economic Affairs, and the Minister of Justice shall serve as ex officio commissioners.
Pursuant to Article 3 of the “Regulation for the Department Affairs of the Financial Supervisory Commission”, matters relating to major financial systems, supervisory policies and maintenance of financial market stability should be submitted to the commission meeting for review.
Pursuant to Article 4, the commission meeting should be held every three months. Temporary meetings may be held if necessary. The chairperson shall be the chairman of the meeting, the vice chairperson shall act as the deputy chairman if the chairperson cannot present. The meeting may invite scholars, experts and other agencies or undertakings related to the matters to provide consultations or state facts or reports.
Pursuant to Article 4 of the “Organizational Act of the Executive Yuan”, the FSC has established as the council of the Executive Yuan, and shall act independently in accordance with the “Organic Act Governing the Establishment of the Financial Supervisory Commission”, which was amended on June 29, 2010. The commission meetings were formed by the heads of relevant departments and experts. Starting from July 1, 2012, meeting minutes of commission meetings are exempted from disclosure to the public in accordance with the Act.