What is the legal basis for CBC oversight the payment systems?
1.Laws and regulations:
(1)The proviso of Paragraph 1, Article 2 of the Organic Act Establishing the Financial Supervisory Commission, Executive Yuan.
(2)Article 32 of the CBC Act.
(3)Article 37 of the CBC Act.
(4)Article 47-3 of the Banking Act.
(5)Article 7 of the Act Governing Bills Finance Business.
2.Agreements
(1)Directions for the CBC to Govern Electronic Interbank Funds Transfer and Settlement.
(2)Directions for the Operation of Book-Entry Central Government Securities.