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Article 58
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If a securities firm is in any of the following circumstances, the TPEx may suspend or terminate its operation of the business of proprietary trading of security tokens:
- Failure to make supplementation or correction or to pay a penalty within a time limit set pursuant to the preceding Article.
- Misrepresentation or concealment in any information presented, sufficient to cause damage to the TPEx or others.
- Making of untrue records of trading or payment/receipt.
- Occurrence of a serious information security incident on the trading platform, where it affects the rights or interests of investors.
- Net worth lower than one-half of paid-in capital for 6 consecutive months.
- Violation of Article 17.
- Upon application by the securities firm or as the TPEx otherwise deems necessary.
A disposition under the preceding paragraph to suspend operation of the business of proprietary trading of security tokens shall be filed with the competent authority for recordation. A disposition to terminate operation of the business of proprietary trading of security tokens shall be submitted to the competent authority for approval.
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