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Article 3
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The competent operational authority for offshore banking, and offshore securities and offshore insurance business referred to in Article 2 of the Act, namely the CBC, shall take charge of the following matters:<br/>1. Approval of business relating to transactions and remittances between foreign currencies and New Taiwan Dollars by offshore banking branches, and offshore securities branches and offshore insurance branches.<br/>2. Examination of business operationsof offshore banking branches, and offshore securities branches and offshore insurance branches.<br/>3. Review of information on the business and financial conditions and annual reports of offshore banking branches, and offshore securities branches and offshore insurance branches.<br/>4. Preparation of statistics, analysis, and reports regarding the business, performance, and scale of offshore banking branches, and offshore securities branches and offshore insurance branches.<br/>5. Research on the development of offshore banking, and offshore securities and offshore insurance business.<br/>6. Liaison and cooperation with respect to matters that require consultation with the FSC.
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