Regulations Governing Approval and Administration of Short-term Bills Clearing and Depository Organizations Article 20

Where falsehoods found by the competent authorityin the original application planafter granting the approval for the establishment or service of a short-term bills clearing and depository organization, it may revoke its approval.
中文原文 短期票券集中保管結算機構許可及管理辦法第20條
主管機關於許可設立或擔任短期票券集中保管結算機構後,發現原申請事項有虛偽情事者,得撤銷許可。

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