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Laws and Regulations Database of the Central Bank of the Republic of China-Clause View
27.

27. Where any of the following circumstances have occurred with respect to a dealer within the past year, the Bank may impose a two-time suspension of its participation in an auction:

(1) Fail to participate in auctions or placements of bonds two times or more.

(2) Participate in auctions with all bids invalid three times or more.

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