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Article NO. Content

Title:

Rules Governing Rating of Issuers of Call (Put) Warrants  CH

Amended Date: 2018.02.14 
Categories: Primary Market > Review
Securities Exchange Market > Trading > Call (Put) Warrants
Article 7     An issuer rated as Class A and B according to Article 5 on the last business day of each quarter by the TWSE shall not be entitled to the incentives set forth in the preceding paragraph if the following occurs in respect of such issuer in the relevant quarter:
  1. According to the Directions for the Handling of Malfunctions in the Quotation System for Liquidity Providers of Call (Put) Warrants, the accumulated number of times a malfunction in the quotation system is entered reaches five or more.
  2. In violation of the TWSE Rules Governing Review of Call (Put) Warrant Listings, the Taipei Exchange Rules Governing Review of Call (Put) Warrants for Trading on the TPEx, the TWSE and the TPEx Directions Governing Liquidity Providers of Call (Put) Warrants for two times or more.
    Issuers rated as Classes C and D according to Article 5 on the last business day of each quarter by the TWSE shall have their issuance amounts reduced by 10% and 20%, respectively, of their eligible net self-owned capital, if either of the circumstances in the preceding paragraph occurs in respect of such issuers in the relevant quarter.