| Title： |
Procedures and Timeframes for Handling Events Under Article 50 of the Taiwan Stock Exchange Corporation(2005.01.20) |
| Date： |
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1
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Where any listed company is found to have any event set forth in any of the Items of Paragraph 1 of Article 50 of the Operation Rules of this Corporation, the matter will be handled by this Corporation in accordance with the following procedures:
- Where a listed company fails to make a public announcement of its financial statements within the time limit set forth in Article 36 of the Securities and Exchange Law in violation of Item (1) [of Paragraph 1 of Article 50 of the Operation Rules], this Corporation will, within three (3) business days following the expiry of the said time limit, report the matter to the Competent Authority and will after obtaining an approval from the Competent Authority, publicly announce the suspension of the trading of its securities commencing from the second business day following the date of such public announcement.
- Where a listed company has the event set forth in Item (2), this Corporation, on the date it learns of the event, or the date it receives notification of the court ruling prohibiting the transfer of shares, or the date of the disclosure of this material information of the listed company (whichever date is earlier), shall first proceed to publicly announce the suspension of the trading of the company's securities commencing from the business day following the date of such public announcement, and shall report the circumstances of the suspension of trading and the public announcement to the competent authority for recordation.
- Where a listed company has any of events set forth in Item (3), (4) or (5), this Corporation will report the failure of the listed company to correct or improve to the Competent Authority within three (3) business days following the expiry of the time limit and will, after obtaining an approval from the Competent Authority, publicly announce the suspension of trading of its securities commencing from the second business day following the date of such public announcement.
- Where a listed company has any of the events set forth in Item (6) or (7), this Corporation will report the matter to the Competent Authority within three (3) business days following the date on which the occurrence of such event has been verified by this Corporation and will, after obtaining an approval from the Competent Authority, publicly announce the suspension of trading of its securities commencing from the second business day following the date of such public announcement.
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