Taiwan Stock Exchange - Rules & Regulations Directory

Article NO. Content

Title:

Taiwan Stock Exchange Corporation Guidelines Governing the Selection and Appointment of External Reviewers of the Securities Listing Review Committee 

Amended Date: 2018.10.31 
Categories: Primary Market > Review
Article 3
    An individual who is under any of the following circumstances shall not act as a reviewer. If he has been appointed as such, he shall be discharged ipso facto:
  1. has committed an offence specified in the Organized Crime Prevention Act and subsequently been adjudicated guilty by a conclusive judgment, and the sentence has not been enforced or its enforcement has not been completed, or not more than five years have elapsed since the completion of sentence, expiration of the probation, or pardon of such punishment;
  2. has committed the offense of fraud, breach of trust, or misappropriation and subsequently been punished with imprisonment by a conclusive judgment for a term of at least one year, and the sentence has not been enforced or its enforcement has not been completed, or not more than two years have elapsed since the completion of sentence, expiration of the probation, or pardon of such punishment;
  3. has been adjudicated guilty by a final judgment of an offense under the Anti-Corruption Act and the sentence has not been enforced or its enforcement has not been completed, or not more than two years have elapsed since the completion of sentence, expiration of the probation, or pardon of such punishment;
  4. has been adjudicated bankrupt or ordered by court to commence liquidation proceedings, and having not been reinstated to his rights and privileges;
  5. has been dishonored for unlawful use of credit instruments, and the term of such sanction has not expired yet;
  6. has no or only limited legal capacity;
  7. has been dismissed from his position at a securities or financial institution by the competent authority of the institution; or received a warning or more severe penalty from the competent authority when acting as a certified accountant or lawyer;
  8. subject to an order of commencement of assistantship and the order has not been revoked yet;
  9. Otherwise deemed disqualified by the TWSE.
Data Source:Taiwan Stock Exchange - Rules & Regulations Directory
twse-regulation.twse.com.tw