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Article 4
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When the securities firm is unable to perform its settlement obligations, the TWSE may notify and oversee the mandated securities firm as specified in Paragraph 2 of the preceding article in the latter's engagement in settlement affairs on behalf of the mandating securities firm and, subject to the actual circumstances, may also appoint another securities firm to take over the settlement affairs.
If a material and unexpected incident occurs to the securities firm preventing its performance of its settlement obligations, the preceding paragraph shall apply mutatis mutandis, and the clearing and settlement fund shall be utilized in accordance with applicable regulations.
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