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2
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When demerit points apply and exclusions
- Under these Guidelines, demerit points may apply if a securities firm has the following defects in the filing of necessary information described in Point 1.
- Delay in filing: Failing to complete the filing procedure within the deadline for filing.
- Error in filing:
- The TWSE discovers errors in filing when reviewing information about financial and business matters of a securities firm.
- Errors in the filed information are discovered by the Securities and Futures Bureau and the Financial Examination Bureau of the Financial Supervisory Commission, the Central Bank of the Republic of China, Taipei Exchange, and/or Taiwan Futures Exchange which have notified the TWSE of the errors.
- Errors are discovered by other external individuals who have notified the TWSE of the errors which have been proven upon investigation.
- Exclusions
- Demerit will not apply to errors in the filing of a new statement or amended item in a statement that are less than six months old.
- Demerit will not apply if a securities firm has corrected an error as described in Point 2 (1) b. before it is discovered.
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