The Authority shall require a Clearing Agency to prepare the policies and procedures or rules and regulations related to the operations of clearing, settlement and registration of Securities and other activities that relate to the Clearing Agency’s business, or to amend the same within a certain period. If the Clearing Agency does not comply with the requirements within the specific period, the Authority may prepare or amend the said rules on behalf of the Clearing Agency and its expenses shall be reimbursed by the Clearing Agency.