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Amendments

Title：

Regulations Governing the Issuance of Call (Put) Warrants by Issuers  CH

Amended Date： 2022.04.26 
Article Content Chapter Content Search Article No. Search Legal Basis Subordinate Legislation Amended Article Legislative History Chinese

Title： Regulations Governing the Issuance of Call (Put) Warrants by Issuers(2014.04.25)
Date：
Article 8     The underlyings to which call (put) warrants issued by an issuer are linked are limited to the following:
  1. Stocks, baskets of stocks, exchange-traded securities investment trust funds, futures exchange-traded funds, offshore exchange-traded funds, and Taiwan depositary receipts that are listed on the TWSE or GTSM and meet conditions prescribed by the TWSE or the GTSM.
  2. Indexes as publicly announced by the TWSE or GTSM.
  3. Any foreign security or index of a foreign securities market that meets the following requirements:
    1. A foreign securities market shall meet the conditions and fall within the scope set out below:
      1. It must be organized as either a securities exchange or over-the-counter market and be regulated by the local competent securities authority.
      2. The sovereign rating of the country where the trading takes place shall have a rating of a certain grade or higher from a credit rating institution listed in Appendix 1.
      3. The scope of foreign securities markets is listed in Appendix 2.
    2. The foreign security or index of the aforementioned foreign securities market may not include any of the following items:
      1. Securities of a Taiwan enterprise traded on any foreign securities market, provided that this rule shall not apply to depositary receipts issued overseas by a Taiwan enterprise.
      2. Any Taiwan stock index compiled by a foreign or domestic institution, and related financial commodities, provided that this rule shall not apply if such index is compiled by the TWSE or GTSM, in cooperation with a foreign or domestic institution, with Taiwan stocks not being the major component shares.
    3. Any foreign security or index that meets requirements set forth by the TWSE or the GTSM.
    If a company that issued any linked underlying referred to in the preceding paragraph is involved in a merger or acquisition, the FSC may suspend further issuance by an issuer of call (put) warrants on that underlying, and shall suspend the issue of warrants that an issuer has received permission to issue but has not yet issued, provided that call (put) warrants already issued shall remain valid.