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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(2010.08.06)
Date：
Article 7 Except where otherwise provided, in competitive auction trading of depositary receipts after initial listing, the public underwriting price shall be taken as the reference basis for calculating the fluctuation limits. However, for a depositary receipt for which public underwriting is not duly required, the TWSE may use the unit value of the depositary receipt, translated from the most recent closing price of the underlying security one business day before the listing of the depositary receipt, as the reference basis for calculating the fluctuation limits.
If the underlying security goes ex-dividend or ex-rights in its original trading market after the public underwriting and before the listing of the depositary receipt, The provisions of the TWSE Operating Rules shall apply mutatis mutandis to the reference basis for calculating the price fluctuation limits.
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 an additional distribution of a depositary receipt as a result of a split in the underlying security, or a reissuance of a depositary receipt as a result of a reverse stock split in the underlying security, the depository institution shall set a price adjustment date consistent with the rights and obligations of the original underlying security.
Calculation of the fluctuation limits for the price adjustment date of a depositary receipt shall take as benchmark the previous day's closing price divided by the ratio of the total number of depositary receipt units after the additional distribution or the reissuance to the original number of depositary receipt units.