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Article 52
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When any of the following circumstances applies to a securities firm, the TPEx may notify it to take supplementary or corrective action within a prescribed time period:
- Violation of Article 6, Article 7, Articles 15 to 28, Article 31, Articles 33 to 36, Article 38, Article 41, Article 42, or Article 44.
- Execution of financial derivatives trades not in conformance with the relevant portions of the securities firm's application or filing.
- A regulatory capital adequacy ratio less than 200 percent.
- Execution of trades not in conformance with the securities firm's "procedures for handling financial derivatives transactions" or its internal control or auditing systems.
- Violation of the applicable provisions of other TPEx Regulations, regulations, operating procedures, guidelines, directions, supplementary Regulations, public announcements, or circulars.
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