Section VI Supervision |
| Article 161 | To protect the public interest and the interests of investors, the Competent Authority may, by order, notify a stock exchange to amend its articles of association/incorporation, business rules, operating rules, brokerage contracts regulations, and any other rules or suspend, prohibit, amend, or void resolutions or dispositions of the stock exchange. |
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| Article 162 | The provisions of Article 64 shall apply mutatis mutandis to the Competent Authority's inspection of a stock exchange and ordering it to furnish information. |
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| Article 163 | When a stock exchange takes any action in violation of a law or regulation or of an administrative disposition issued pursuant to a law or regulation, or detrimental to the public interest or disrupting the social order, the Competent Authority may impose any of the following dispositions:
1. Dissolution of the stock exchange.
2. Suspension or termination of the business of the stock exchange in whole or in part. However, the period of suspension shall not exceed three months.
3. Issuance of orders to discharge directors, supervisors, or managerial officers of the stock exchange.
4. Reprimands.
When the Competent Authority imposes any dispositions specified in subparagraph 1 or 2, it shall report to the Executive Yuan for approval in advance. |
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| Article 164 | The Competent Authority may station supervisory personnel at any stock exchange. Regulations governing such supervision shall be prescribed by an order of the Competent Authority. |
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| Article 165 | A stock exchange, its members, and securities dealers and securities brokers that have contracted to use the centralized securities exchange market of the stock exchange shall comply with the instructions given by supervisory personnel pursuant to laws or regulations. |
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