National Financial Regulatory Administration, Measures for the Administration of Affiliated Transactions of Banking and Insurance Institutions (1st Revision)

Main contents: Where an affiliated transaction is to occur between a director, supervisor, senior executive or a close relative thereof, an enterprise directly or indirectly controlled by any of aforementioned persons or another affiliated party that has an affiliated relationship with a director, supervisor or senior executive and a banking or insurance institution in which such director, supervisor or senior executive serves, the same shall, in accordance with the company’s articles of association, be submitted to the board of directors or shareholders’ meeting for approval after review by the affiliated transaction control committee, and the provisions on exemption from consideration of Items (1), (2) and (5) of Article 57 shall not apply (Article 45).