| Title： |
Operating Rules of the Taiwan Stock Exchange Corporation(2013.10.21) |
| Date： |
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Article 44
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Listed companies shall establish a professional shareholder services agent or shareholder services unit in the area where the TWSE is located. Further, such companies, within 3 days after their decision, shall report to the TWSE and publicly disclose the business address and the name of the responsible person of the shareholder services agent, and the specimen of chops that must be chopped on the stock certificates to effect valid title transfer. The same process shall apply in case of any changes thereto. However, if a listed company changes its shareholder services agent, it shall report to the TWSE and make a public disclosure within 3 days from the date it obtains the letter of recordation from the Taiwan Depository and Clearing Corporation.
The title transfer or the splitting of stocks handled by listed companies shall be completed within 3 days after the application therefor is received.
The professional shareholder services agent or shareholder services unit referred to in paragraph 1 shall have shareholder services handling personnel and equipment that comply with the provisions of the Regulations Governing Handling of Shareholder Services by Public Companies promulgated by the Competent Authority, and it shall conduct shareholder services matters in compliance with the above Regulations Governing Handling of Shareholder Services.
The provisions of paragraphs 1 and 2 shall apply mutatis mutandis to SITEs processing the transfer of title to beneficial certificates; to trustee institutions processing the transfer of title to beneficial securities; to special purpose companies processing the transfer of title to asset-backed securities; to real estate securitization trustee institutions processing the transfer of title to REIT or REAT beneficial securities; to offshore fund institutions, through the master agents appointed by them, or through a qualified shareholder services agent separately appointed by the master agent, processing the transfer of title to beneficial certificates of offshore exchange-traded funds, to the transfer of title to secondary listed company stocks, and to foreign issuers and their depositary institutions processing the transfer of title to Taiwan Depositary Receipts.
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Article 49-4
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The ratio of net worth to share capital stated in the financial reports as referred to in Articles 49 to 49-3 shall be calculated as set forth below:
- If the cost of shares bought back by a TWSE listed company under Article 28-2 of the Securities and Exchange Act or by a TWSE primary listed company under Article 28-2 applied mutatis mutandis under Article 165 of the Securities and Exchange Act or of shares held in the listed company by its subsidiaries are classified as a deduction from the equity attributable to owners of the parent, then the par value of the treasury stock of the listed company held by the listed company and its subsidiaries shall be deducted from the share capital stated in the financial reports in the calculation of the above-stated ratio.
- If share capital collected in advance or share capital awaiting retirement are classified as an addition to or deduction from the equity attributable to owners of the parent, the par value of the relevant shares shall be added to or deducted from the share capital in the calculation of the above-stated ratio.
- If a circumstance in the two preceding subparagraphs applies to a primary listed company whose shares have no par value or a par value other than NT$10, the total amount of treasury stock of the listed company held by the listed company and its subsidiaries, the total amount of share capital collected in advance, and the toal amount of share capital awaiting retirement, shall be added to or deducted from the sum of the share capital plus capital reserves minus the original issue premium.
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