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Amendments

Title：

Taiwan Stock Exchange Corporation Rules Governing Review of Call (Put) Warrant Listings  CH

Amended Date： 2023.08.17 (Articles 12, 14, 16, 17 amended,English version coming soon)
Current English version amended on 2021.06.11 
Categories： Primary Market > Review
Article Content Chapter Content Search Article No. Search Legal Basis Subordinate Legislation Amended Article Legislative History Chinese

Title： Taiwan Stock Exchange Corporation Criteria Governing Review of Call (Put) Warrant Listings(2003.10.01)
Date：
Article 14 　Issuers shall apply to the TSEC to open a specialized account at the time of their initial call (put) warrants issue. Where the issuer will be self-hedging or partially self-hedging, the account shall be used exclusively for establishing a hedge position after issuance of the warrants and for future performance of obligations when the investors exercise the warrants. Where the issuer entrusts another institution with hedging, the account shall be used for performance of obligations when the investors exe
rcise the warrants, and the risk management institution is also required to open a specialized account with the issuer for the purpose of establishing a hedge position after issuance of the warrants.
　Account numbers for the issuer's accounts referred to in the preceding paragraph shall uniformly be the "888888-8" number under securities dealers' accounts. Foreign issuers applying to issue warrants through a branch institution established in the territory of the ROC by a subsidiary which is either directly or indirectly fully-owned, the foreign issuer shall establish a sub-account under the offshore foreign institutional investor account established in the ROC for hedging. The above-mentioned account
shall be first reported to the TSEC, and may only be used for trading in financial hedging instruments as announced by the TSEC. In addition, the securities in the specialized hedging account for the call (put) warrants issue without exception may not be pledged.
Article 15 　Where the risk-management institution is a foreign institution and is concurrently performing risk management for more than one issuer, that institution shall, at the time of application for review in connection with market-listing of the call (put) warrants, provide documentation showing that it has registered for investment in the domestic securities market.