| Title： |
Rules Governing Stock Exchanges(2000.08.25) |
| Date： |
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Article 2
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A stock exchange may be organized in the form of either membership or company. In order to establish a stock exchange, a permit shall be obtained from the Securities and Futures Commission ( hereinafter "the Commission" ) under the Ministry of Finance.
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Article 3
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The term "associated persons" as used in these Regulations means managerial officers and the personnel who engage in the following businesses for a stock exchange:
1.the examination of application for securities to be listed;
2.the audit of finance and business of listed companies.
3.the transaction, monitoring, clearing, settlement and custodial service of the centralized securities exchange market;
4.the computer operation and information management of the centralized securities exchange market;
5.the audit of the finance and business of the stock exchange its members, securities brokers, and securities dealers.
6.the international affairs of the stock market;
7.other operations approved by the Commission.
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Article 13
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To incorporate a company type stock exchange, all its shareholders shall prepare the following documents, each in three copies, and file with the Commission for approval:
1.the application form;
2.the articles of incorporation and business bylaws;
3.the list of shareholders;
4.a statement declaring the conditions of business premises and facilities;
5.the list of directors and supervisors and photocopies of their identification cards;
6.the director and supervisor registration sheet and a written statement declaring that none of the conditions specified in Items 1 to 4 and Item 6 of Article 53 of the Law has been violated;
7.the documents of special purpose bank savings account indicating that subscriptions have been fully collected;
8.the business forecast report of the first year;
9. the financial and audit reports certified by certified public accountants;
10.the minutes of the promoters' meeting;
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Article 26
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A stock exchange shall, according to the regulations set by the Commission concerning the time limit and the method to be used, disclose information regarding the names, codes, volumes, prices of securities sold everyday and codes of securities dealers of both buyers and sellers.
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Article 27
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A stock exchange shall establish a stock price list on a daily basis which contains the following items and disclose such for public notice:
1.names of securities sold
2.the opening price, the highest price, the lowest price, the closing price; the reported price for those having reported prices but transactions not completed;
3.fluctuation by comparing the closing price with that of the previous business day;
4.the separate calculation and total summation of the transaction volume and transaction value;
5.the stock price index.
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Article 42
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The assistant associated persons shall not have any conditions specified in Article 54 of the Law and shall have one of the following qualifications:
1.graduate of high school or above;
2.passed the special examination which is lower than the ordinary examination.
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