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Article 7
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Where a trustee institution or SPC violates these Directions, the TSEC may, depending on the seriousness of the violation, impose a breach penalty of NT$30,000, and if it is necessary to carry out public disclosure procedures over again, notify the trustee institution or SPC by letter to do so within two days from receipt of the letter; in the event it fails to do so by the time limit, the TSEC may further impose consecutive daily penalties of NT$10,000 per day until the day it has done so.
Any penalty imposed shall be paid to the TSEC's Finance Department within five days from receipt of the notice.
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