To carry out resolution procedures, the competent authority shall have the powers to:
1.
demand any person to provide any information or documents relevant to the implementation of this Law;
2.
assume the powers of the owners and management of the SIFI under resolution, including dismissal of the management and appointment of a new management, and take necessary actions to file a liability claim against the management;
3.
sell and transfer any of the capital instruments or securities of the SIFI under resolution, and order any entity or person to amend relevant records;
4.
reduce the nominal value of the capital instruments issued by the SIFI under resolution, subject to the provisions on determining nominal values provided for in the Companies Law;
5.
order the SIFI under resolution or its holding company to issue capital instruments;
6.
amend the maturity date or the amount of the liabilities of the SIFI under resolution, with the exception of guaranteed liabilities;
7.
close the financial positions of the SIFI under resolution and terminate its financial contracts and derivative contracts; the Implementing Regulations shall determine the positions and contracts indicated in this paragraph;
8.
demand the suspension of the trade of any security or its delisting, or demand the re-listing and trade of debt instruments after their depreciation;
9.
suspend the right to terminate or expedite any liability to which the SIFI under resolution is party, including liabilities which have been sold or transferred to the transferee or the transitional entity, provided that the suspension of the rights related to guaranteed liabilities does not exceed two business days, with the exception of the guaranteed liabilities arising from subscriptions to settlement systems; and
10.
order any party to continue with the implementation of contracts to which the subsidiary institution of the SIFI under resolution is party, where the contractual liabilities of the subsidiary institution are guaranteed or supported by the SIFI, regardless of any contractual right to termination, liquidation, or expedition.