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Article 163
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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:<br/>1. Dissolution of the stock exchange.<br/>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.<br/>3. Issuance of orders to discharge directors, supervisors, or managerial officers of the stock exchange.<br/>4. Reprimands.<br/>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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