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Amendments

Title:

Taiwan Stock Exchange Corporation Operation Guidelines Governing Liquidity Providers of Beneficial Certificates  CH

Amended Date: 2021.04.29 (Articles 6, 6-1 amended,English version coming soon)
Current English version amended on 2018.12.24 
Categories: Securities Exchange Market > Trading > Beneficial Certificates

Title: Taiwan Stock Exchange Corporation Operation Guidelines Governing Liquidity Providers of Beneficial Certificates(2013.12.31)
Date:
4     If a liquidity provider fails to meet any or all of the following requirements, the TWSE may deny approval for its operation of ETF liquidity provision business. Those not meeting requirements in subparagraphs 2 to 6 need not be subject to this restriction, however, if there has been a concrete improvement in the circumstances, and it has been recognized by the competent authority:
  1. The most recent financial report audited and attested by the certified public accountant shows net worth per share of not less than par value, and financial status meeting the requirements under the Regulations Governing Securities Firms;
  2. Has not been issued a warning by the competent authority under subparagraph 1 of Article 66 of the Securities and Exchange Act within the most recent 3 months;
  3. Has not been subject to any sanction imposed by the competent authority during the most recent half year ordering the securities firm to remove from office any of its directors, supervisors, or managerial officers or to replace any of its responsible persons or other relevant personnel.
  4. Has not been subject to any sanction imposed by the competent authority during the most recent year involving suspension of business activities.
  5. Has not been subject to any sanction imposed by the competent authority during the most recent 2 years involving voidance of any part of its permission for business.
  6. Has not been subject during the most recent year to any measures taken by a securities exchange, an over-the-counter securities market, or the Taiwan Futures Exchange Corporation under the bylaws or rules of such exchange involving suspension of or restriction on the trading activities of the securities firm.
  7. Other requirements prescribed by the competent authority.