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Article 20
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An OTC trading enterprise may investigate a securities firm's finances, business, and internal audit activities, and provide guidance. If any violation of laws or regulations or any impropriety is discovered, it shall take proper action immediately and notify the Competent Authority.
When an OTC trading enterprise carries out an investigation under the preceding paragraph and discovers any mismanagement, losses that undermine creditworthiness, or the occurrence of an emergency at a securities firm engaged in OTC trading, or there is any material deficiency in its internal audit activities, the OTC trading enterprise shall immediately conduct a targeted examination and provide guidance.
When a securities firm engaged in OTC trading is unable to perform its delivery obligations, the OTC trading enterprise shall immediately conduct a targeted examination, and supervise a replacement securities firm to take over its payment and settlement affairs.
The OTC trading enterprise shall draft procedures and rules for the matters specified in the preceding two paragraphs and submit them, and any amendments thereto, to the Competent Authority for approval.
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