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Central Bank of the Republic of China


What is the legal basis for CBC oversight the payment systems?

The CBC oversees domestic payment and settlement system based on laws and regulations as well as agreements as follows:
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.
(1)Directions for the CBC to Govern Electronic Interbank Funds Transfer and Settlement.
(2)Directions for the Operation of Book-Entry Central Government Securities.