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20-1
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A financial holding company applying for listing of its stock, shall be approved for the listing of its stock if it meets the requirements of the following subparagraphs:
- It has obtained a letter of approval for the TWSE listing application from the competent authority for the relevant industry.
- Years of Incorporation: Three full years have elapsed since registration of incorporation, or the years of actual operation of any of its subsidiaries exceed three years.
- Profitability: The ratio of profit before tax to net worth as stated on the financial reports for most recent two fiscal years reaches 3 percent or higher.
- Dispersion of share ownership: The standard of Article 4, subparagraph 4 is met.
Notwithstanding that a financial holding company applying for the listing of its stock meets the listing criteria set forth in these Rules, the TWSE shall disagree to its listing if the circumstance of Article 9, paragraph 1, subparagraph 8 applies to any of its subsidiaries, and the TWSE may disagree to its listing if any of the circumstances of Article 9, paragraph 1, subparagraphs 1, 3, 4, 6, or 12 applies to any of its subsidiaries and the TWSE deems the listing inappropriate.
A subsidiary more than 70 percent of whose shares are held by a financial holding company that is already domestically listed on the TWSE (or TPEx) may not apply for domestic TWSE listing.
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