The financial reports produced by a securities firm in accordance with the regulations prescribed by the Competent Authority shall be audited and certified by a CPA, approved by the board of directors, recognized by the supervisor, and then publicly announced in a newspaper.
Where they are semi-annual in nature, five copies of the financial report referred to in the preceding paragraph (including assets and liabilities statement, profit and loss statement, statement of change in shareholders equity, cash flow statement and its notes or attachments), minutes of board of directors meeting, supervisor's review report, and public announcements shall be sent to the TWSE within 2 months of the end of each semi-annual fiscal year, with two copies sent to the Competent Authority by the TWSE. Where they are annual in nature, five copies of the above shall be sent to the TWSE within 3 months of the end of each fiscal year, with two copies sent to the Competent Authority by the TWSE. In addition, TWSE (or GTSM) listed securities firms, and securities subsidiaries of a financial holding company that are public companies, also shall, within 1 month of the end of the first and third quarters of each fiscal year, submit three copies each of the CPA-audited financial report and newspapers containing the public announcement to the TWSE, and the TWSE shall then submit one copy of the said documents to the Competent Authority.
When sending financial reports within the time-limit as prescribed in the preceding paragraph, a securities firm shall report, through Internet transmission to the TWSE, basic information regarding its investments in other enterprises, numbers of TWSE listed or GTSM listed securities at the end of the reporting period respectively held by the securities firm and its invested enterprises, respective cost of shareholding, derivatives trading of TWSE listed or GTSM listed securities, and acquisition and disposal of major assets. The increase, decrease, and changes of shareholding in invested enterprises of a securities firm shall also be reported to the TWSE through Internet transmission.
The shareholders meeting of a securities firm shall be convened within 6 months after the end of the fiscal year. Within 20 days of their recognition by the shareholders meeting, the minutes of the shareholders meeting and the business report shall be sent to the TWSE in triplicate. Where the annual financial report recognized by the shareholders meeting differs from the financial report publicly announced and sent to the TWSE, within 2 days of its occurrence, it shall be publicly announced and reported to the TWSE for its ultimate transmittal to the Competent Authority.
Securities firms shall prepare one copy each of the monthly accounting summary, and the income statement and attachments. On a monthly basis, specialized securities broker firms and securities dealer firms shall also prepare one copy of the bank deposit statement. In March and September of each year, specialized securities brokers shall prepare one copy each of the bank deposit statement of proof and adjustment form. All of the above items shall be sent to the TWSE 7 days after the start of the next month. Where there are branch offices, those portions shall be separately sent. Reports in electronic media form may be substituted for the branch office portions.
One copy of the various financial reports and monthly accounting summaries of securities firms shall be made available for public inspection in print or electronic medium.
Securities firms shall prepare one copy of the monthly capital sufficiency statement, and send such statement to the TWSE within 10 days after the start of the next month; compilation and calculation regarding the capital sufficiency statement shall be handled in accordance with the Regulations Governing Securities Firms. The TWSE shall furthermore make quarterly disclosures thereof itemized as provided by the Competent Authority.
Securities dealers shall prepare one copy of the monthly securities inventory report, and send such statement to the TWSE within 7 days after the start of the next month.
The various financial reports, forms, and monthly capital sufficiency statement to be reported via electronic media shall be announced by the TWSE.
The procedures for said reporting shall be separately prescribed by the TWSE.
Where the Competent Authority has provided otherwise than as set forth in the provisions of paragraph 1 and paragraph 2 concerning public announcement by newspaper and submission of the newspaper announcement, the provisions of the Competent Authority shall prevail.
The TWSE may, depending on operational needs, notify securities firms to send additional copies of the various materials required to be submitted under paragraph 4, paragraph 5, paragraph 7, and paragraph 8; the securities firms shall deliver them to the TWSE within the time limit.