|
6
|
Handling of violations:
- Given the occurrence of any of the circumstances listed below in the reporting of out-trades or correction of account numbers by a securities broker, the TWSE, pursuant, mutatis mutandis, to Article 135 of the Operating Rules, may notify the securities broker to improve its practices, or, in addition thereto, a default penalty of not more than NT$100,000 may be imposed:
- Failure by a broker to action in accordance with Point 2, paragraphs 1, 2, 7 and 9, or Points 3 and 4, except for with reasonable cause and with the approval of the TWSE.
- Failure to report or handle a case in accordance with Point 2, paragraph 3 or 4.
- Violation of any of the subparagraphs in paragraph 1 of Point 5.
- When the circumstances of a securities broker's reporting of out-trades or correction of account numbers in violation of paragraph 1 of Point 5 are severe, the TWSE may issue a warning pursuant, mutatis mutandis, to Articles 136, 141 and 145 of the Operating Rules, or a default penalty of not more than NT$300,000 may be imposed, or restrict or suspend its trading or terminate its use of the market contract, and the TWSE may, pursuant, mutatis mutandis, to Article 144 of the Operating Rules, also notify the securities broker to issue a warning to or suspend its employees from executing business activities for one to six months.
- Where a securities broker has reported out-trades or account number corrections based on real errors but the errors are material or the securities broker is found by the TWSE to have committed apparent negligence in its operation, the TWSE may issue a warning pursuant, mutatis mutandis, to Article 136 of the Operating Rules, or a default penalty of not more than NT$300,000 may be imposed, and the TWSE may, pursuant, mutatis mutandis, to Article 144 of the Operating Rules, also notify the securities broker to issue a warning to or suspend its employees from executing business activities for one to six months.
|