During the special examination of the real estate investment of TransGlobe Life Insurance, the FSC found that the company’s real estate investment did not meet the criteria of immediate use and derived benefit, and the company failed to file a report on such an investment with the FSC within the stipulated period. TransGlobe Life is hence fined NT$1,000,000. In addition, the company’s broker selection process for the sale of houses was not sufficiently rigorous, construction budget data provided to its board of directors for decision was incomplete, and no control procedures were in place for bid invitation and selection of contractors for a joint construction project, which may impede sound operation of the company. Hence the FSC issues 3 official reprimands.