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142
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Where a securities firm commits any of the following acts, the TWSE may temporarily halt trading, in whole or in part, of its dealing or brokerage business or its business premises and report to the Competent Authority:
- violation of Article 25, paragraph 2 by evading or refusing the inspection or the inquires of personnel sent by the TWSE.
- violation of the settlement obligation specified in Article 113, paragraph 1.
- its net worth is less than one-half of its paid-in capital referred to in Article 28-1, paragraph 2 for 6 consecutive months.
- regulatory capital adequacy ratio lower than 50 percent, where corrections have not been made after 3 months.
- violation of the provisions of these Operating Rules, the Regulations Governing Brokerage Contracts, or other bylaws, rules, regulations, public announcements, or circular letters of the TWSE to such an extent that it is likely to affect the trading, clearing, and settlement of trades on the securities market.
The TWSE may resume its trading status if the cause of the circumstance under subparagraph 1, 3, 4, or 5 of the preceding paragraph ceases to exist.
Where trading by any securities firm halted by the TWSE in accordance with paragraph 1, subparagraph 2, the number of days for which its trading is halted may be used to offset against the number of days for which its trading shall be suspended pursuant to Article 140, paragraph 1.
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