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Article 49
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Except as otherwise stated in Article 42 or 45, if an SBL participant violates or breaches these Rules, the Master Securities Borrowing and Lending Agreement, the Securities Borrowing and Lending Authorization Letter, or any applicable regulations, rules, announcements, or circular letters, the TWSE may halt that party's participation in securities borrowing and lending transactions or notify it to make corrections, depending upon the seriousness of the matter.
If the SBL participant fails to make the correction specified by the TWSE in the notice, the TWSE may terminate that party's participation in securities borrowing and lending transactions.
When an SBL participant's participation in securities borrowing and lending transactions is halted or terminated by the TWSE pursuant to Article 42, 45, or this article, the TWSE shall promptly forward notice to all securities finance enterprises and securities firms. In cases in which participation in securities borrowing and lending transactions has been terminated by the TWSE, the SBL participant may resume its participation in securities borrowing and lending transactions only after one full year following the full satisfaction or performance of its obligations or completion of correction.
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