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Article 4
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In case any of the following events occurs, a securities firm shall report to the FSC:
- Where the business operation is commenced, suspended, resumed or terminated;
- Where, through operating or engaging in securities business, a securities firm, or any of its directors, supervisors, or employees becomes involved in litigation or arbitration, or is subject to compulsory execution as an obligor, or a securities firm is a bankrupt or is refused services or has a check dishonored by a bank;
- Where any director, supervisor, or managerial officer has any of the conditions referred to in Article 53 of the Act;
- Where any director, supervisor, or employee has violated the order promulgated by the FSC in accordance with the Act;
- Where there is any change in the shareholding of any director, supervisor, manager or shareholder holding more than 10 percent of the shares of the company; or
- Where there is any matter required to be reported by the FSC.
For the matters in subparagraph 1 in the preceding paragraph, the securities firm shall report in advance; for the matters in subparagraphs 2 through 4, the securities firm shall report within 5 days from the day on which it becomes aware thereof or on which the matters occur; for matters in subparagraph 5, the securities firm shall report by the 15th day of the following month.
Where a securities firm has entered into a contract for using the centralized securities market with the TWSE , matters to be reported and approved as referred to in paragraph 1 above shall be submitted to the TWSE for transmittal to the FSC. Where a securities firm only entered into a contract for trading securities on the TPEx, the said submission shall be made to the FSC through the TPEx. Where no contract has been entered into, the submission shall be made to the FSC through a securities dealers' association.
The term "business day," as used in these Regulations, means a trading day on the domestic securities markets.
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