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Regulations Governing the Applicable Scope of Special Circumstances for the Public Announcement and Filing of Financial Reports and Operational Status Reports by Public Companies(2018.12.26) |
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Article 4
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Any issuer, other than an exchange (or OTC) secondary listed company, may apply with the competent authority to extend the deadline for public announcement and filing of financial reports for the relevant period if the public announcement or filing cannot be carried out by the deadline due to any of the following circumstances:
- The issuer is affected by an earthquake, flood, or any other force majeure event.
- The issuer is a publicly held financial institution, and the competent authority has duly appointed a receiver to take receivership of institution after the final day of the relevant period for the given financial report.
- The CPA that certified the financial report has been suspended from practice by the competent authority after the final day of the relevant period for the given financial report, and the institution has not yet made the change to a successor CPA.
When an issuer applies to extend a deadline for public announcement and filing pursuant to the preceding paragraph, it shall apply to the competent authority for approval within 15 days counting inclusively from the date of occurrence of the fact and furthermore prior to the public announcement and filing deadline, by submitting the reasons for its inability to make the public announcement and filing by the deadline, information documenting those facts, and a proposed extended deadline; if the application is made pursuant to subparagraph 2 of the preceding paragraph, it shall submit a CPA assessment opinion. The deadline may be extended for no more than one month, but may be extended again when necessary.
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Article 4-1
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When, in the event of an extended holiday or other circumstance, there is a likelihood that issuers may be unable to carry out the public announcement and filing of their monthly operating reports by the deadline, the competent authority may publicly announce an extension to the deadline for public announcement and filing.
When an issuer is affected by an earthquake, flood, or any other force majeure event, such that the issuer is unable to publicly announce and file the monthly operating report by the deadline, it may apply with the competent authority to extend the deadline for public announcement and filing.
When an issuer applies to extend a deadline for public announcement and filing pursuant to the preceding paragraph, it shall apply to the competent authority for approval within 15 days counting inclusively from the date of occurrence of the fact and furthermore prior to the public announcement and filing deadline, by submitting the reasons for its inability to make the public announcement and filing by the deadline, information documenting those facts, and a proposed extended deadline. The deadline may be extended for no more than 20 days, but may be extended again when necessary.
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