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49-2
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If any of the following circumstances applies to a listed company, the TWSE may impose the periodic call auction trading method for its listed securities pursuant to the Rules Governing Trading of Securities Placed Under Altered Trading Methods:
- Its listed securities have been placed under an altered trading method pursuant to Article 49, paragraph 1, subparagraph 6.
- Its listed securities have been placed under an altered trading method pursuant to Article 49, paragraph 1, subparagraph 8.
- Its listed securities have been placed under an altered trading method pursuant to Article 49, paragraph 1, subparagraph 9.
- Its latest-period financial report publicly announced and registered pursuant to Article 36 of the Securities and Exchange Act indicates that its net worth is lower than three-tenths of its share capital stated on the financial report.
- The trading method of its listed securities has been altered pursuant to Article 49, paragraph 1, subparagraph 18.
- The TWSE deems it necessary to do so for any other reason.
Where the periodic call auction trading method has been imposed for listed securities of a listed company because of a circumstance specified in a subparagraph of the preceding paragraph, and no circumstance specified in any other subparagraph of the preceding paragraph exists, the TWSE may lift the requirement of the periodic call auction trading method if the respective requirement listed among the following subparagraphs is satisfied:
- Where the periodic call auction trading method has been imposed because of a circumstance under subparagraph 1 of the preceding paragraph: satisfy the requirements of Article 49, paragraph 2, subparagraph 6.
- Where the periodic call auction trading method has been imposed because of a circumstance under subparagraph 2 of the preceding paragraph: satisfy the requirements of Article 49, paragraph 2, subparagraph 8.
- Where the periodic call auction trading method has been imposed because of a circumstance under subparagraph 3 of the preceding paragraph: satisfy the requirements of Article 49, paragraph 2, subparagraph 9.
- Where the periodic call auction trading method has been imposed because of a circumstance under subparagraph 4 of the preceding paragraph: satisfy the requirement that the net worth stated on the listed company's latest-period financial report attested by a CPA and publicly announced and registered under Article 36 of the Securities and Exchange Act be not less than three-tenths of the share capital stated on the financial report; in the event of a capital reduction, the operations for exchange of securities upon capital reduction have been additionally completed.
- Where the periodic call auction trading method has been imposed because of a circumstance under subparagraph 5 of the preceding paragraph: satisfy the requirements in Article 49, paragraph 2, subparagraph 17.
- Where the periodic call auction trading method has been imposed because of a circumstance under subparagraph 6 of the preceding paragraph: have made supplementation or correction as demanded by the TWSE.
If the TWSE imposes the periodic call auction trading method for a listed company's securities under paragraph 1, or lifts the requirement of the periodic call auction trading method for a listed company's securities under paragraph 2, it shall report the measure to the Competent Authority for recordation within 1 month after execution.
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