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Article 31
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Where a user applicant has delayed payment of fees or royalties for a period of one month or longer, the TWSE shall be entitled to levy a penalty for delay in an amount equal to one percent of the payment in arrears, and to notify the user applicant to make payment within a given period of time.
When a user applicant neglects to pay or understates the amount of fees or royalties , then in addition to payment of the deficit amount by the user applicant, the TWSE may impose a penalty in an amount not to exceed four times the amount of the deficit.
When a user applicant, on its own and without the permission of the TWSE, augments or alters the method of transmission or the scope of the trading information, the TWSE may notify it to make improvement or correction within a given period, and apply the provisions of paragraph 2 mutatis mutandis.
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