Chapter IX Supplementary Provisions |
| Article 90 | Where the net worth of a securities firm exceeds the limit prescribed under Articles 85 and 86 for more than thrice within a period of six months, the TWSE or the TPEx will immediately request it to cure and take action as follows against the responsible person of the department committing the violation:
- Where the number of times of violation reaches four, the firm concerned will be requested to give a warning to the responsible person of the department concerned.
- Where the number of times of violation reaches five, the responsible person of the department concerned will be suspended from performing business for a month.
- In the event of an excessive number of times of violation or the violation is material, the TWSE or the TPEx may impose heavier punishment on the president, responsible person of the violating department, and the handling personnel.
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| Article 91 | A violation of any provision hereof by a securities firm or its responsible person or employee may be dealt with by the TWSE or the TPEx under its applicable rules and regulations.
When a responsible or associated person charged with the operations of securities trading margin purchases and short sales violates any provision hereof or any other relevant provision, such person may not engage in those operations during the period in which the violation is subject to a disposition.
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| Article 92 | These Rules are drafted by the TWSE in conjunction with the TPEx and shall take effect after having been submitted to and approved by the competent authority. Subsequent amendments thereto shall be effected in the same manner. |
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