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Article NO. Content


Taiwan Stock Exchange Corporation Procedures for Press Conferences Concerning Material Information of Listed Companies  CH

Repeal Date: 2014.11.11 (English version coming soon)
Current English version amended on 2014.11.06 
Categories: Primary Market > Management > Information Disclosure
Article 7     The TWSE may impose a breach penalty of NT$50,000 on a listed company that violates any provision of these Procedures for each individual case of violation; provided, however, that if the cumulative number of penalties within 1 year reaches two or more (inclusive of the current penalty), a breach penalty of NT$100,000 shall be imposed as the current penalty. In the event that any individual case of violation is due to intent or material negligence, or has a material effect on shareholder equity or the price of securities, the TWSE may impose a breach penalty of NT$100,000 to NT$1 million. Where a listed company that is required to make up some measure, and that is notified to do so by before the trading day next following the notice, still fails to do so by the deadline, a breach penalty of NT$10,000 per day may be imposed until the day the measure is carried out.
    If after receiving notice from the TWSE requiring it to hold a press conference, a listed company still fails to do so and the circumstances of the specific case are serious, the TWSE may alter the original trading method, or suspend trading, of the securities of the listed company under Article 49, 50, or 50-1 of the TWSE Operating Rules.