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Article 40
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If a securities firm is in any of the following circumstances, the TPEx may issue a warning, and additionally may impose a penalty of not more than NT$1 million, and notify it to make supplementation or correction within a time limit:
- Violation of Article 9, Articles 14 to 16, or Article 34.
- Failure to make supplementation or correction or to pay a penalty within a time limit set pursuant to the preceding Article.
- Commission of a violation set forth in subparagraph 1 of the preceding article, and the violation is of a material nature.
- Failure to file and publicly announce an annual financial report attested by a CPA in accordance with Article 13, paragraph 1.
- Refusal, obstruction, or evasion of an examination by the TPEx or by a CPA designated by the TPEx.
- Misrepresentation, concealment, material omission, or obvious error in any relevant material presented by the securities firm.
- Occurrence of a serious information security incident.
- Material breach of a contract signed with the TPEx.
- Violation of laws or regulations of the competent authority where the violation is of a material nature.
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