| Title： |
Supplementary Provisions to the Taiwan Stock Exchange Corporation Rules for Review of Securities Listings(2011.11.08) |
| Date： |
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Article 27
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As used in Article 28-8, paragraph 1, subparagraph 4 of the Rules, "acted in violation of the principle of good faith" means that any of the following circumstances applies to a foreign issuer or a company controlled by it that is applying for a primary listing, or by an incumbent director, supervisor, general manager, or de facto responsible person of the issuer or controlled company, and the circumstances are material and without reasonable cause:
1. Being in arrears in the repayment of any loan extended to it by a financial institution.
2. Any commission of a crime under commercial, financial, securities, or tax laws, or commission of a crime of corruption, malfeasance in office, fraud, breach of fiduciary duty, or embezzlement, for which a sentence of imprisonment for a fixed period or a more severe penalty was handed down by a court judgment.
3. Having violated the matters declared in the declaration it submitted at the time of application.
4. Having been involved in misrepresentation or suffered a loss of credit, causing damage to the interests of the company, the rights and interests of its shareholders, or the public interest.
5. The circumstances under subparagraphs 1 through 3 above do not fall within the scope of this provision when they are not material or occurred due to reasonable cause.
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