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10
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If a liquidity provider is in breach of the quoting related stipulations under Article 8 for more than 2 days (inclusive) in a month, the TWSE may issue a letter to the issuer requiring attention and rectification with a copy to the competent authority, and may impose a breach penalty in an amount of NT$30,000 to NT$100,000 which may be imposed in succession until the breach is corrected. If the circumstance of breach is serious, the TWSE may reject any submission of application for recognizing eligibility of an index or for listing ETNs for one year from the occurrence of that fact.
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