Taiwan Stock Exchange - Rules & Regulations Directory

Article NO. Content

Title:

Regulations Governing the Administration of Credit Rating Agencies 

Amended Date: 2015.12.31 
Article 10-1
     The FSC may deny permission if any of the following circumstances exists with respect to an application for establishment of a credit rating agency or issuance of a business license:
  1. Any of the circumstances of Article 6 exists with respect to any of the promoters, directors, supervisors or managerial officers.
  2. Any of the circumstances specified in the subparagraphs of Article 54, paragraph 1 of the Act exists with respect to any associated person.
  3. The application documents are found to contain any falsehood or misrepresentation.
  4. Any of the business plan, company bylaws, or internal control system is not concrete enough, or cannot be effectively implemented.
  5. There is a likelihood that the professional competence of any responsible person or associated person is insufficient for sound and effective operation of credit rating business.
  6. It is otherwise deemed necessary to protect the public interest.
     If any application documents submitted under these Regulations are incomplete or contain incomplete information, and the FSC imposes a deadline for supplementation or correction and the deadline is not met, the application will be rejected.
Data Source:Taiwan Stock Exchange - Rules & Regulations Directory
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