• Font Size:
  • S
  • M
  • L

Article NO. Content


Guidelines for Handling Defects in Filing of Supervisory Information by Securities Firms  CH

Announced Date: 2020.04.06 
Categories: Market Supervision > Regulation of Securities Firms
4     Statistical data and handling of demerit
    After putting together information about types of defects in filing by securities firms and how demerit points are applied on a quarterly basis, the TWSE will publish a summary at the TWSE One-Stop Site for Filing by Securities Firm, and take the following management measures:
  1. If a securities firm has accumulated more than 10 points in the current quarter, the TWSE will issue a letter requesting the securities firm to report specific improvement measures, which will be reviewed by the internal audit unit before a reply letter about its improvement will be sent.
  2. If a securities has accumulated more than 15 points in the current quarter, in addition to the above measures, the TWSE will send a letter to the general manager of the securities firm, asking him or her to supervise the educational trainings for the filing work, and issue a separate letter to certified public accountant to perform enhanced audit work on internal control operation during its audit.
  3. If a securities firm has accumulated more than 20 points in the current quarter, it will be subject to measures under Article 136 of the Operating Rules of the TWSE depending on specific circumstances involving defects in filing.
  4. If a securities firm has made errors in the filed information to such an extent they have exceeded the statutory maximum ratio or more than 30 points have been accumulated in a year, the TWSE will escalate the case, accompanied with relevant information, to the competent authority for decision on measures to be taken.