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Article 178-1
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If a securities firm, an enterprise as set forth in Article 18, paragraph 1, a securities association, a stock exchange, or an over-the-counter securities exchange commits any of the following violations, the violating entity or association may be fined an administrative fine of not less than NT$300,000 and not more than NT$6 million, and the Competent Authority may order it to correct the violation within a prescribed time period; if it fails to correct the violation within the specified period, consecutive fines may be imposed for each instance of violation:<br/>1. Violation of Article 14, paragraph 3, Article 14-1, paragraph 1 or 3, Article 21-1, paragraph 5, Article 58, Article 61, Article 69, paragraph 1, Article 79, Article 141, Article 144, Article 145, paragraph 2, Article 147, Article 152, or Article 159; or Article 61, Article 141, Article 144, Article 145, paragraph 2, or Article 147 as applied mutatis mutandis under Article 165-1 or 165-2.<br/>2. Failure to submit account books, forms/statements, documents, or other reference or report materials within a specified time period as ordered by the Competent Authority or evading, impeding, or refusing of an examination duly conducted by the Competent Authority.<br/>3. Failure to comply with relevant provisions regarding the preparation, submission, public announcement, maintenance, or preservation of account books, forms/statements, vouchers, financial reports, or other relevant business documents as required by this Act or by orders issued by the Competent Authority pursuant to this Act.<br/>4. A securities firm or an enterprise, as set forth in Article 18, paragraph 1, fails to strictly implement its internal control system.<br/>5. An enterprise, as set forth in Article 18, paragraph 1, violates the provisions of the regulations adopted pursuant to paragraph 2 of the same article regarding finances, operation, or management.<br/>6. A securities firm violates the provisions of the regulations adopted pursuant to Article 22, paragraph 4 regarding the issuance of other securities approved by the Competent Authority or the provisions of the standards or regulations adopted pursuant to Article 44, paragraph 4, the regulations adopted pursuant to Article 60, paragraph 2, the regulations adopted pursuant to Article 62, paragraph 2, or the regulations adopted pursuant to Article 70 regarding finances, operations, or management.<br/>7. An over-the-counter securities exchange violates provisions of the regulations adopted pursuant to Article 62, paragraph 2, a securities association violates provisions of the regulations adopted pursuant to Article 90, or a stock exchange violates provisions of regulations adopted pursuant to Article 93, Article 95, or Article 102, regarding finances, operations, or management.<br/>If a violation subject to a penalty of an administrative fine under the preceding paragraph is minor, the penalty may be remitted, or the violator may first be ordered to correct the violation within a prescribed time period, and the penalty may be remitted once the violation has been corrected.
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