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Amendments

Title：

Taiwan Stock Exchange Corporation Rules Governing Review of Call (Put) Warrant Listings  CH

Amended Date： 2023.08.17 (Articles 12, 14, 16, 17 amended,English version coming soon)
Current English version amended on 2021.06.11 
Categories： Primary Market > Review
Article Content Chapter Content Search Article No. Search Legal Basis Subordinate Legislation Amended Article Legislative History Chinese

Title： Taiwan Stock Exchange Corporation Rules Governing Review of Call (Put) Warrant Listings(2014.02.19)
Date：
Article 16-1     Hedging methods employed by the issuer for call (put) warrants issued may include one or more of the following: sales of shares of the underlying security borrowed from shareholders, short sales of the underlying security on the Taiwan Stock Exchange, or the borrowing and sale of the underlying security in accordance with Article 82-2 of the Operating Rules of the TWSE.
    Where the issuer elects to sell shares of the underlying security that have been borrowed from shareholders as a hedging instrument, the lending shareholder shall, following conclusion of a contract between the two parties in accordance with the provisions of Article 32-1, paragraph 2 of the Rules Governing Securities Firms, apply through their securities firm to the Taiwan Depository and Clearing Corporation for the transfer of all of the shares to be lent into the hedging account of the issuer or shall put said shares in escrow to be divided subsequently up into lots to apply for transfer into the hedging account in accordance with the issuer's hedging needs.
    Where the issuer employs short sales of the underlying securities as a hedging instrument, said issuer shall open a margin account with another securities firm or with the securities finance company of a non-affiliated enterprise, and shall observe the provisions of the Operating Rules for Securities Firms Handling Margin Purchases and Short Sales of Securities and the Directions for Establishment of Margin Accounts with Securities Margin and Stock Loans, and the provisions of the various securities finance companies related to the aforesaid two regulations.
    The shareholders of the underlying security referred to in paragraph 1 may not be subject to the parameters set forth in paragraph 1 and paragraph 3 of the Article 22-2 of the Securities Trading Act.
Article 23      (deleted)