Taiwan Stock Exchange - Rules & Regulations Directory

Article NO. Content

Title:

Directions for the Handling of Malfunctions in the Quotation System for Liquidity Providers of Call (Put) Warrants 

Amended Date: 2016.08.23 
Categories: Securities Exchange Market > Trading > Call (Put) Warrants
4
    Where the quotation system of a liquidity provider of call (put) warrants malfunctions thus affecting the normal quotation procedure, save in the event of force majeure such as a natural catastrophe or act of God, breakdown or disruption of the data circuit of a telecommunications institution, or breakdown or disruption of the trading system or trading information transmission system of the TWSE or TPEx, the TWSE may assess demerit points against the liquidity provider depending on the seriousness of such malfunction, as follows:
  1. One to five demerit points shall be given upon a breakdown of the hardware or software of the quotation system.
  2. One to five demerit points shall be given upon a disruption of the quotation information transmission system or in the failure of the online transmission equipment to operate normally.
  3. One to three demerit points shall be given upon the failure of the terminal or other internal systems of a dealer to operate normally.
  4. One to five demerit points shall be given upon other information-system issues.
Data Source:Taiwan Stock Exchange - Rules & Regulations Directory
twse-regulation.twse.com.tw