|
Article 27
|
If a TWSE primary listed company or a TIB primary listed company violates any provision of these Rules, the TWSE may, in addition to handling the violation pursuant to the provisions of the preceding Article, issue a letter requesting the company to take improvement action, and may further require the company or its CPA or lead underwriter to propose an improvement action plan in a response letter addressed to the TWSE. The TWSE may additionally impose a monetary penalty of NT$30,000 on the T company commensurate with the circumstances of the particular case, and, if the violation is serious in nature, alter the trading method or suspend trading of the company's listed securities pursuant to Article 49-1, paragraph 1; Article 50-3, paragraph 1;, or Article 49-4, paragraph 1; Article 50-9, paragraph 1 of the TWSE Operating Rules.
With respect to the imposition of a monetary penalty under the preceding paragraph, if the cumulative number of penalties imposed on the TWSE primary listed company or the TIB primary listed company within the most recent one year reaches two or more (inclusive of the current penalty), or if the circumstances in an individual case are due to intent or material negligence, or have a material impact on shareholder equity or securities prices, the TWSE may impose a penalty of NT$50,000 to NT$5 million.
A TWSE primary listed company or a TIB primary listed company on which a default penalty is imposed in accordance with these Rules shall pay the penalty to the TWSE Finance Department within five days after receiving notice from the TWSE.
|