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Article NO. Content

Title:

Taiwan Stock Exchange Corporation Rules for Suspension or Termination, and Application for Resumption, of Securities Firm Operations  CH

Amended Date: 2019.04.16 
Categories: Market Supervision > Regulation of Securities Firms
6     The disposed firm applying for resumption of operations shall comply with the following provisions:
  1. If the operation bond deposited as required by the competent authority is attached upon the court's provisional seizure, the shortfall shall first be made up where the creditors are entitled to preferential right of payment according to Article 55, paragraph 2 of the Securities and Exchange Act; where the enforcing creditors are not so entitled, the shortfall may be made up after the bond is delivered to the enforcing court or collected by the creditors.
  2. Where the settlement and clearing fund paid to the TWSE pursuant to Article 2 of the contract for the usage of the centralized securities exchange market is attached by the creditors, the shortfall amount shall first be made up.
  3. The requirements set forth in the Standards Governing the Establishment of Securities Firms governing the business floor and facilities shall be met.
  4. The circumstance mentioned in Article 142, paragraph 1, subparagraph 3 of the Operating Rules of the TWSE, where the net worth is less than one-half of the paid-in capital for six consecutive months with no rectification made, does not apply.