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Article 17
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The beneficial ownership of Taiwan depository receipts is deemed excessively concentrated as in Article 9, subparagraph 3 under any of the following circumstances:
- The number of holders of Taiwan depository receipts holding between 1,000 and 50,000 units is less than 500.
- The sum total, as entered in the Taiwan depository receipts holder register, of units of Taiwan depository receipts held by those whose Taiwan depository receipts holding exceeds 5% of the total number of issued units exceeds 80% of the total issue amount.
- Other circumstances where the beneficial ownership may be deemed excessively concentrated.
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