Chapter 7 - Handling of Violations |
| Article 20 | Where a securities firm is in breach of the terms and conditions stated in the issuance plan or prospectus for ETNs, which has caused a major impact in the investors' rights and interests, the TWSE may impose a default penalty in the amount of NT$30,000 to NT$500,000 against it and prohibit it from further applying for accreditation as a qualified index or listing of ETNs during the 12 months that follow.
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| Article 21 | In the event of a securities firm's violation of Article 18, paragraph 2, or Article 19, the TWSE may send a written notice to request its correction. If, however, the same securities firm has received the TWSE's notices to request its correction of the same violation twice or more times in the most recent year, the TWSE may separately impose a default penalty of NT$10,000 to NT$30,000 against it. In case of a serious violation, the TWSE may prohibit it from applying for accreditation as a qualified index or listing of ETNs during the 12 months that follow.
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| Article 22 | A securities firm against which the TWSE has imposed a default penalty shall pay the default penalty to the Finance Department of the TWSE within five days of receipt of the TWSE's notice.
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