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Article NO. Content


Taiwan Stock Exchange Corporation Regulations for Handling Deficiencies in Evaluation Reports or Other Related Information Submitted by a Securities Underwriter  CH

Amended Date: 2023.07.20 (Articles 10-1 amended,English version coming soon)
Current English version amended on 2021.03.31 
Categories: Primary Market > Review
8     For securities underwriters that have been given demerit points according to Article 4 above, their handling personnel shall attend and complete, with proof, an advanced underwriting course organized by the Securities Association for at least 15 hours within six months after the public notice of the TWSE, or the TWSE may dismiss cases handled by these personnel.
    The securities underwriter shall send a list of names of the handling personnel of the cases on which demerit points were given according to the preceding paragraph together with a deficiency correction plan approved by their general manager and internal audit officer within seven days after the issue of the public notice, with copies of the aforementioned list to be sent to the Taiwan Securities Association and TPEx. The TWSE may extend the time for review of cases pending review that were handled by these personnel if no substitute personnel have been assigned to the cases after careful consideration and the underwriter has not represented that an adequate assessment has been performed.
    Upon completion, with proof, of the advanced course by the handling personnel of cases on which demerit points were given, as described in the preceding paragraph, the securities underwriter shall send a notice to the TWSE, with a copy to the TPEx.