If any of the following circumstances applies to an SBL participant, and the case is not yet closed, the TWSE shall halt the SBL participant's participation in securities borrowing and lending transactions:
If participation in any securities loan transaction by a borrower in a fixed-price or competitive bid transaction is halted by the TWSE pursuant to the preceding paragraph, thereby rendering it impossible for the borrower to return securities in satisfaction of a securities loan, the borrower may request the TWSE to apply mutatis mutandis the provisions of Article 39, paragraph 1 with respect to the disposal of loan collateral and the buying in of subject securities for return to the lender.
- Any breach specified in Article 76, paragraph 3, subparagraph 1 or 3 of the TWSE Operating Rules or Article 47, paragraph 2, subparagraph 1 or 3 of the GTSM Rules Governing Securities Trading on the GTSM.
- Any default or violation specified in Article 81 of the Operating Rules for Securities Firms Handling Margin Purchases and Short Sales of Securities, Article 28 of the Operating Rules for Securities Business Money Lending by Securities Firms, or Article 33 of the Operating Rules for Securities Lending by Securities Firms.
- Any default or violation specified in an individual securities finance enterprise's operating rules for handling margin purchases and short sales, operating rules for securities settlement financing, or operating rules for securities lending.