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Amendments

Title：

Taiwan Stock Exchange Corporation Regulations Governing Trading of Depositary Receipts  CH

Amended Date： 2018.12.24 (Articles 9, 12 amended,English version coming soon)
Current English version amended on 2012.06.07 
Categories： Securities Exchange Market > Trading > Other Securities
Article Content Content Search Article No. Search Legal Basis Amended Article Legislative History Chinese

Title： Taiwan Stock Exchange Corporation Regulations Governing Trading of Depositary Receipts(2009.07.30)
Date：
Article 11 Within the deadlines specified below, depository institutions shall perform conversion to New Taiwan Dollar amounts for the following data on price and value, uniformly applying the closing interbank foreign exchange market rate for the previous business day, and report the results to the TWSE:
1. For the securities represented by depositary receipts listed and outstanding on a foreign stock exchange or stock market, the most recent closing price on the foreign stock exchange or stock market shall be submitted to the TWSE one-half hour prior to the opening of its centralized securities market.
2. Information on distribution of entitlements of the securities represented by the depositary receipt, which shall be submitted to the TWSE within 12 days from the foreign issuer's date of decision, provided that where law or regulation in the issuer's home country requires reporting within a shorter period, that period shall apply.
Article 12 The Operating Rules of the Taiwan Stock Exchange Corporation apply mutatis mutandis to ex-dividend and ex-rights procedures for depositary receipts.
When there is a stock split in the underlying stock represented by a depositary receipt and the depository institution issues additional new depositary receipts, the depository institution shall set a record date for the new issue and a price adjustment date.
Calculation of the fluctuation limit for the price adjustment date shall take as benchmark the previous day's closing price divided by the ratio of the total number of depositary receipt units after the new issue to the original number.