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Amended Article

Title：

Directions for the Handling of Malfunctions in the Quotation System for Liquidity Providers of Call (Put) Warrants  CH

Amended Date： 2016.08.23 
Categories： Securities Exchange Market > Trading > Call (Put) Warrants
Article Content Content Search Article No. Search Legal Basis Amended Article Legislative History Chinese
1     These Directions are adopted pursuant to Article 8, Paragraph 3 of the Taiwan Stock Exchange Corporation ("TWSE") Rules Governing Review of Call (Put) Warrant Listings and Article 8, Paragraph 3 of the Taipei Exchange ("TPEx") Rules Governing the Review of Call (Put) Warrants for Trading on the TPEx.
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6     Following the end of each quarter, the TWSE may act, depending on the demerit points given, in accordance with following:
  1. Where the cumulative total of demerit points given reaches 10, a default penalty of NTD 30,000 may be imposed on the issuer; where said total exceeds 10, an additional default penalty of NTD 20,000 may be imposed for every two additional demerit points assessed.
  2. Where the cumulative total of demerit points given reaches 20, the issuer may also be restrained from issuing TWSE or TPEx listed warranties for a period of one month.
  3. Where an issuer has been twice restrained from issuing warrants in a year pursuant to these Directions, it may be restrained from issuing TWSE or TPEx listed warranties for a period of one year.
    Where the TWSE imposes a breach penalty on an issuer or restrains an issuer from applying for issuing warrants for a prescribed period of time as a result of the demerit points given as in the preceding paragraph, the TWSE shall give notice to the issuer, with a copy submitted to the competent authority.
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