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Article NO. Content


Supplementary Provisions to the Taiwan Stock Exchange Corporation Rules for Review of Securities Listings  CH

Amended Date: 2021.03.31 (Articles 1, 6-2, 17-1, 17-2, 22, 30, 31, 32 amended,English version coming soon)
Current English version amended on 2020.03.02 
Categories: Primary Market > Review
Article 22     The term "principal business or products" as used in Article 18, paragraph 1, subparagraph 1 and Article 28-5, paragraph 1, subparagraph 1, of the Rules shall mean those items which account for 30 percent or more of total operating revenues in the 2 most recent fiscal years. Judgments regarding the term "mutual competition" shall be made on the basis of an overall assessment of factors such as the type of enterprise, the substitutability of products, the extent of product differentiation in the future, the business plan, and target customers. The term "independent operational decision-making ability" means that not one-third or more of the directors of the applicant company are also directors of other companies within the same group enterprise.