The FSC recently learned that Shin Kong Financial Holding Co. had violated Paragraph 1 of Article 45 and Paragraph 1 and Article 51 of the "Financial Holding Company Act" by engaging in improper transactions with interested parties and substantively interested parties. Acting in accordance with Article 24 of the "Administrative Penalty Act" and Subparagraph 16 of Article 60 of the "Banking Act," the FSC imposed an administrative fine of NT$2 million.