A financial holding company shall fully disclose related party transactions, and additionally disclose any related party transactions by a subsidiary in an amount of NT$100 million or more.
The meaning of "related party" under the preceding paragraph shall be determined in accordance with Statement of Financial Accounting Standards No. 6. To determine whether a trading counterparty is a related party, the substance of the relationship as well as the legal form shall be taken into consideration.
An entity to which any of the following circumstances applies shall be deemed a related party, unless proof can be produced that it has no control or significant influence:
- An affiliated enterprise, within the meaning given by Chapter VI-I of the Company Act, and its directors, supervisors, and managerial officers.
- A director, supervisor, or managerial officer of a subsidiary of the financial holding company.
- A person at the rank of manager or higher at the financial holding company.
- A company or institution listed as an affiliated enterprise in its external publications or printed materials.