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Sanction on BankTaiwan Securities Co., Ltd. for Violation of Securities Management Related Laws and Regulations

2022-01-06
I.   Date of sanction: January 6, 2022
II.  Object of sanction: BankTaiwan Securities Co., Ltd. (hereinafter referred to as “BankTaiwan Securities”).
III. Legal basis for the sanction: Article 65 and subparagraph 4, paragraph 1, Article 178-1 of the Securities and Exchange Act, and paragraph 2, Article 2 of the Regulations Governing Securities Firms.
IV. Facts of violation: The traffic cleaning service was not introduced to the lines of some online ordering hosts of BankTaiwan Securities, the relevant documents and manuals were not updated for information system maintenance, the management of outsourced vendor service change was not properly implemented, the data integrity comparison inspection was not performed for the data conversion operation, and no notification was made within 30 minutes after the awareness of any information security event. These are verified to have violated paragraph 2, Article 2 of the Regulations Governing Securities Firms.
V.  Sanction imposed: A corrective action is requested of BankTaiwan Securities in accordance with Article 65 of the Securities and Exchange Act, and a fine of NT$720,000 is imposed on the firm in accordance with subparagraph 4, paragraph 1, Article 178-1 of the same Act.
 
 
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  • Update: 2022-01-21
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