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Article 31
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After a master agent has filed and obtained approval or effective registration from the FSC for the offering and sale of offshore funds, the FSC may suspend the offering and sale of such funds, or void or revoke its approval or effective registration in any of the following circumstances:
- A falsehood or misrepresentation in any document under Article 27, paragraph 1, Article 27-1, or Article 28, paragraph 1.
- A violation of the statement set out in Article 27, paragraph 1, subparagraph 9, , where serious in nature.
- A serious violation of the Article 12, paragraph 6 provision requiring prior FSC approval of changes, in which a change was made even though the FSC had rejected or disapproved the change.
- A serious violation of the total amount that may be offered and sold in Taiwan under Article 26-1.
- A violation of any subparagraph of Article 40, where serious in nature.
- Any other violation of these Regulations, or of any restriction or prohibition imposed by the FSC at the time of approval of the application or effective registration, where serious in nature.
- A violation of any other mandatory or prohibitive provision, where it would affect the rights and interests of investors, and is serious in nature.
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