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Taiwan Stock Exchange Corporation Procedures for Routine Regulation and Regulation by Exception Over Financial and Business Affairs of Listed Companies(2021.03.31) |
| Date： |
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Article 12
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An audited company shall provide the materials required for routine regulation or regulation by exception in accordance with Article 47, paragraph 1, subparagraph 7 and Article 53, paragraph 1 of the TWSE Operating Rules. If the audited company, without legitimate reason, does not provide relevant materials within the time limit, the TWSE may, impose a monetary penalty in the amount of NT$30,000 on the audited company; if the cumulative number of penalties imposed within the most recent one year reaches two or more, or if the circumstances of an individual case are due to willful misconduct or gross negligence, the TWSE may, depending on the seriousness of the circumstances, impose a monetary penalty in the amount of NT$50,000 to NT$5,000,000 per instance, or alter the trading method or suspend the trading of the listed securities in accordance with Articles 49, 49-4, 50 or 50-9 of the TWSE Operating Rules.
An audited company on which monetary penalty has been imposed shall pay the penalty to the Finance Department of the TWSE within five days of receipt of the TWSE notice.
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