Regulations Governing Permission and Administration of Securities and Futures Business Dealings and Investment Between the Taiwan Area and the Mainland Area Article 6

When, in an application by a Taiwan-area securities or futures institution, a Mainland-area securities or futures institution, or a Mainland-invested securities or futures institution pursuant to these Regulations, facts are present that indicate the likelihood of impairment to the sound management of the institution or its incapacity to meet the requirements of financial supervision, the competent authority may deny permission for the application, or if already permitted, may revoke the permission.Following the permission of an application under the preceding paragraph, the competent authority may void the permission upon discovery of any misrepresentation contained in the application, the matters reported therein, or the attached documents.
中文原文 臺灣地區與大陸地區證券期貨業務往來及投資許可管理辦法第6條
臺灣地區證券、期貨機構、大陸地區證券、期貨機構及陸資證券、期貨機構為本辦法之申請,其有事實顯示有礙健全經營業務之虞或未能符合金融監理之要求者,主管機關得不予許可;已許可者,得廢止之。
前項之申請,經許可後如發現其申請或申報事項或檢附之文件有虛偽不實者,主管機關得撤銷之。

English translation for reference only; the Chinese text prevails. Not legal advice.