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Article 11
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Upon discovery that a trustee or sub-distributor violates any law or regulations, or exceeds the scope of authority to engage in trust investment or brokerage trading, or invest in offshore structured products linked to an investment-linked insurance policy, the issuer or master agent shall immediately demand the trustee or sub-distributor to take improvement actions and notify the FSC, and in two (2) business days, notify the FSC in writing the status of improvement.
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