| Article 26 | A Bills Finance Company shall prepare interim financial reports in accordance with Chapter I through Chapter VII and Statement of Financial Accounting Standards No. 23 and, except where otherwise provided by the competent authority, is not required to prepare a consolidated financial statement. When the Bills Finance Company prepares a quarterly report, it is not required to prepare a statement of changes in shareholders' equity and a list of major account titles. With regard to an invested company in which the Bills Finance Company holds 50% of the shares or less, it is further exempted from recognizing investment losses/gains by the equity method.
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