Chapter IV Securities Association |
| Article 89 | A securities firm shall not commence business unless it is a member of a securities association. |
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| Article 90 | The material contents of the articles of association of a securities association and matters regarding the direction and supervision of its business shall be prescribed by an order of the Competent Authority. |
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| Article 91 | To ensure fairness in securities trading or to protect investors, the Competent Authority, when necessary, may order a securities association to amend its articles of association, bylaws, or resolutions, to provide reference materials and reports or to perform other specific acts. |
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| Article 92 | If any director or supervisor of a securities association violates a law or regulation, is negligent in implementing the articles of association or bylaws, misuses their authority, or acts against the principles of integrity and good faith, the Competent Authority may issue a reprimand or order the securities association to discharge such director or supervisor. |
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