|
Article 11
|
A securities firm shall prepare consolidated financial reports in accordance with Chapter II of these Regulations and IFRS 10, and shall prepare annual parent company only financial reports in accordance with Chapter IV of these Regulations.
A securities firm that does not have a subsidiary shall prepare individual financial reports in accordance with Chapter II of these Regulations, and when preparing annual financial reports shall follow the provisions of Articles 27 to 32 of these Regulations.
A securities firm that meets certain criteria shall, in its annual consolidated or individual financial report, prepare the sustainability-related financial information passed by resolution of the board of directors as provided in Chapter IV-I. That information is not required to be audited or reviewed by the attesting CPAs; the aforementioned "certain criteria" shall be separately prescribed by the FSC.
A securities firm that prepares an annual report in accordance with the Regulations Governing Information to be Published in Annual Reports of Public Companies and discloses in that annual report the content set out in Articles 28 to 31 and Article 32-1 herein may be exempted from the requirements of Articles 28 to 32 with respect to its annual financial report, and may disclose the content of the information required under Article 32-1 by means of an index for cross-reference, and the information so disclosed shall be deemed an integral part of the disclosures of the financial report.
A securities firm preparing interim financial reports shall follow the provisions of Chapters II and III of these Regulations as well as IAS 34. A securities firm, when preparing semi-annual financial reports, shall also prepare semi-annual parent company only financial reports pursuant to Articles 25 to 27, or semi-annual individual financial reports pursuant to Article 27.
|
Info
|
|
Article 22
|
A securities firm shall separately disclose in the notes to the financial reports information on the following events between the securities firm and its subsidiaries during the current period, and on parent-subsidiary transactions:
1. Information on material transactions:
A. Lending funds to others.
B. Providing endorsements or guarantees for others.
C. Acquisition of real estate reaching NT$300 million or 20 percent of paid-in capital or more.
D. Disposal of real estate reaching NT$300 million or 20 percent of paid-in capital or more.
E. Handling fee discounts on transactions with related parties totaling NT$5 million or more.
F. Accounts receivable from related parties reaching NT$100 million or 20 percent of paid-in capital or more.
G. Others: The business relationship between the parent and the subsidiaries and between each subsidiary, and the circumstances and amounts of any material transactions between them.
2. Information on investees: If the securities firm directly or indirectly exercises significant influence or control over, or has a joint venture interest in, an investee company that is not in the Mainland Area, it shall disclose information on the investee company, showing the name, location, principal business activities, original investment amount, shareholding at the end of the period, profit or loss for the period, recognized investment gain or loss, and cash dividends.
3. Information on overseas branches and representative offices: The securities firm shall provide information on its overseas branches and representative offices, disclosing the locations, business activities, inward and outward remittances of operating capital, the branch's profit or loss for the period, and any accounts and transactions with the head office.
4. Information on investments in the Mainland Area:
A. If the securities firm directly or indirectly exercises significant influence or control over, or has a joint venture interest in, an investee company in the Mainland Area , it shall disclose the information on any investee company in the Mainland Area, showing the name, principal business activities, paid-in capital, method of investment, inward and outward remittance of funds, shareholding ratio, current profit or loss, and recognized investment gain or loss, carrying amount of the investment at the end of the period, repatriated investment gains, and limit on the amount of investment in the Mainland Area.
B. When the securities firm recognizes investment gain or loss using the equity method or prepares consolidated financial statements with respect to a Mainland Area investee company, the recognition or preparation shall be based on the investee company's financial reports audited and attested by an international CPA firm having a business cooperation relationship with an R.O.C. CPA firm, provided that when preparing interim consolidated financial reports, the recognition or preparation may be based on the investee company's financial reports reviewed by an international CPA firm having a business cooperation relationship with an R.O.C. CPA firm.
If the shares issued by a securities firm have a par value other than NT$10, for the calculation of a transaction amount of 20 percent of paid-in capital under subparagraph 1, items C, D, and F of the preceding paragraph, 10 percent of the equity attributable to owners of the parent as stated in the balance sheet shall be substituted.
|
|
|
Article 32-1
|
A securities firm that meets certain criteria as mentioned in Article 11, paragraph 3 shall handle the preparation and disclosure of sustainability-related financial information in accordance with the following subparagraphs and relevant laws and regulations; matters not specified therein shall be handled in accordance with the IFRS Sustainability Disclosure Standards (hereinafter, "Sustainability Disclosure Standards") as endorsed by the FSC:
1. The securities firm shall identify sustainability-related risks and opportunities that could reasonably be expected to affect its prospects in accordance with the Sustainability Disclosure Standards and shall refer to industry-based disclosure topics as specified in the Sustainability Accounting Standards Board (SASB) Standards, and shall disclose material information that could reasonably be expected to affect the securities firm's cash flows, access to finance, or cost of capital over the short, medium, or long term. Information is "material" if omitting, misstating, or obscuring such sustainability-related financial information could reasonably be expected to influence decisions that primary users of general-purpose financial reports make on the basis of such information.
2. The securities firm's sustainability-related financial information shall be for the same reporting entity and reporting period as the related financial reports. Except for the first annual reporting period in which the securities firm applies the Sustainability Disclosure Standards, the securities firm shall disclose comparative information for the preceding period simultaneously.
3. The securities firm shall declare that its sustainability-related financial information has been prepared in accordance with the Sustainability Disclosure Standards endorsed by the FSC, and shall fairly present such information to ensure it meets the qualitative characteristics of relevance, faithful representation, comparability, verifiability, timeliness, and understandability.
4. The securities firm shall enable primary users of general purpose financial reports to understand the connections between sustainability-related financial information and related financial reports. Data, assumptions, and units of measure used to prepare sustainability-related financial information shall be consistent with those in the same period's financial reports; any significant differences shall be disclosed.
5. The securities firm shall disclose sustainability-related financial information according to the core content including governance, strategy, risk management, and metrics and targets. In accordance with relevant provisions of the Sustainability Disclosure Standards, the securities firm may use all reasonable and supportable information available at the reporting date without undue cost or effort, and may make disclosures quantitatively or qualitatively using an approach that is commensurate with its skills, capabilities, and resources.
6. In the first annual reporting period in which the securities firm applies the Sustainability Disclosure Standards, the securities firm is permitted to disclose only climate-related information, and shall disclose that fact.
7. Regarding measurement methods for greenhouse gas emissions in climate-related information: Except for emission sources required to be inventoried under the Climate Change Response Act, which shall be handled by methods prescribed by the Ministry of Environment, measurements shall be conducted in accordance with the Greenhouse Gas Protocol: A Corporate Accounting and Reporting Standard or methods endorsed by the FSC. Information on applicable methods, measurement approach, inputs, and assumptions shall be disclosed in accordance with IFRS S2 Climate-related Disclosures. If, in the annual reporting period immediately preceding the initial application of the Sustainability Disclosure Standards, the securities firm used another method for measuring its greenhouse gas emissions, it is permitted to continue using that other method in the first annual period in which the securities firm applies the Sustainability Disclosure Standards.
8. When preparing Scope 1 and Scope 2 greenhouse gas emission information in climate-related information, the securities firm shall obtain and disclose assurance opinions from independent third parties in the manner prescribed by the FSC. Scope 3 greenhouse gas emission information shall be disclosed according to the timeline prescribed by the FSC.
|
Info
|