Taiwan Stock Exchange - Rules & Regulations Directory
Taiwan Stock Exchange Corporation Rules Governing Contracts for the Listing of Taiwan Depositary Receipts(2010.12.21)
If a foreign issuer intends to buy back on the TWSE centralized securities market Taiwan depository receipts it previously issued, insofar as there is no conflict with the laws and regulations of the country in which it is registered or listed, the foreign issuer may do so upon the approval of a majority of the directors present at a directors meeting attended by two-thirds or more of directors, and shall comply with the TWSE Regulations Governing Repurchase of Taiwan Depository Receipts by Secondary-Listed Companies in so doing.
The purpose of a repurchase of Taiwan depository receipts referred to in the preceding paragraph shall be limited to redeeming and canceling the securities represented by the Taiwan depository receipts.
When the foreign issuer buys back on the TWSE centralized securities market the Taiwan depository receipts it previously issued, it shall file for public announcement within the time period as provided in the applicable regulations concerning the disclosure of material information.