| Article 25 |
Where an issuer violates the provisions of Article 13-1 or 13-2, the TWSE may impose a breach penalty of NT$100,000. If, due to the circumstance set forth in this article, the issuer has been imposed breach penalty by the TWSE in the past year, the TWSE may impose another breach penalty of NT$500,000; where the violation is serious in nature, the TWSE may also restrict the issuer from applications for issuance of warrants for a period of 1 to 3 months.
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