Menu Skip to main content block
:::
:::

Major Enforcement Actions

Main Content

Waterland Securities and Waterland Financial Holding were fined

From 2015 to 2017, Waterland Securities Co., Ltd. traded securities issued by a counterpart as defined in Subparagraph 2, Paragraph 1, Article 45 of the Financial Holding Company Act, but did not report the transactions to the Board of Directors prior to the execution of the transactions. Such transactions require the concurrence of at least three-quarters of all of the financial holding company''s directors present at a board of directors meeting attended by at least two-thirds of the directors. For the violation of Paragraph 1, Article 45 of the Financial Holding Company Act, Waterland Securities was fined NT$2 million under Subparagraph 14, Article 60 of the Financial Holding Company Act.

Waterland Financial Holding Co., Ltd. did not properly carry out the collection, filing and preservation of the information of the parties involved in this case. The deficiencies disturbed the sound operation and the company was thus ordered correction in accordance with Paragraph 1, Article 54 of the Financial Holding Company Act.
 
Visitor: 351   Update: 2018-12-05