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Amendments

Title:

Numerical Standards for and Exceptions to the Irregularity Standards in Article 4 of the Taiwan Stock Exchange Corporation's Directions for Announcement or Notice of Attention to Trading Information and Related Dispositions  CH

Amended Date: 2021.07.26 
Categories: Market Supervision > Stock Market Surveillance

Title: Detailed Numerical Standards and Exceptions to the Irregularity Standards in Article 4 of the Taiwan Stock Exchange Corporation's Directions for Announcement or Notice of Attention to Trading Information and Related Dispositions(2010.11.30)
Date:
Article 11 The expression "an irregularity in the percentage of premium or discount calculated from the closing price of Taiwan Depositary Receipts and the closing price of the shares they represent on the exchange market of their home country" as used in Article 4, paragraph 1, subparagraph 10 of the Directions shall mean that the percentage of premium or discount calculated from the closing price of Taiwan Depositary Receipts and the closing price of the shares they represent on the exchange market of their home country meets any of the following conditions:
1. When on the current day, the percentage of premium on a Taiwan Depositary Receipt announced through the Market Observation Post System (MOPS) for the previous business day is in excess of 1 percent.
2. When on the current day, the percentage of premium on a Taiwan Depositary Receipt announced through the Market Observation Post System (MOPS) for the previous business day is in excess of 50 percent, while the current day closing price is also the highest of the preceding six business days (inclusive of the current day), provided that if there is no closing price for the preceding five business days (excluding the current day), then the current day closing price must also be higher than the opening reference price.
3. When on the current day, the percentage of discount on a Taiwan Depositary Receipt announced through the MOPS for the previous business day is in excess of 50 percent, while the current day closing price is also the lowest of the preceding six business days (inclusive of the current day), provided that if there is no closing price for the preceding five business days (excluding the current day), then the current day closing price must also be lower than the opening reference price.
Exception to the preceding paragraph is as follows:
When making for the Taiwan Depositary Receipts the comparison based on the closing prices for the preceding six days (inclusive of the current day) by the standards prescribed in the preceding paragraph, if price fluctuation occurs due to non trade-related factors (such as ex-rights or ex-dividend factors), those factors in the fluctuation shall be excluded from the calculation.