Laws and Regulations Database of the Central Bank of the Republic of China(Taiwan)

28.

28. In any of the following circumstances, the Bank may terminate the dealer’s commission:

(1)Failure to deliver the government bonds or the payment for government bonds on the prescribed date.

(2)Part of business having been suspended by the central competent authority, rendering it unable to participate in auctions.

(3)Having been placed under conservatorship or taken over by personnel sent from the central competent authority.

(4)Having been suspended by the central competent authority.

(5)The accumulated annual amount of the accepted competitive bids having not reached to the limits announced by the Ministry of Finance.

In any circumstances in Subparagraphs 1 and 5 of the proceeding Paragraph, a dealer may resubmit an application pursuant to the provisions of these Directions three years after the termination of its commission.