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Article 12
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The responsible persons and associated persons of a securities firm shall be registered by their firm with the Stock Exchange, Securities Association, or Taipei Exchange before performing their duties, and may not perform their duties without such registration.<br/>If a securities firm will employ, to engage in any business other than the business under the subparagraphs of Article 2, paragraph 2, any person who has been dismissed from a position within the past 3 years by an order of the FSC pursuant to the Act, the securities firm shall file with the Stock Exchange for registration of that person before employing them.<br/>Under any of the following circumstances, the Stock Exchange, Securities Association, or Taipei Exchange shall refuse to grant a registration, and shall void a registration that has already been made:<br/>1. A responsible person of a securities firm falls under any circumstance in Article 30 of the Company Act or Article 53 of the Act.<br/>2. An associated person of a securities firm falls under any circumstance in paragraph 1 of Article 54 of the Act or fails to meet the qualifications in Article 5 or 6 herein.<br/>By the 15th day of each month, the Stock Exchange, Securities Association or Taipei Exchange shall report the status for the previous month of the registrations under the preceding three paragraphs for recordation by the FSC.
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