Taiwan Stock Exchange - Rules & Regulations Directory

Article NO. Content


Taiwan Stock Exchange Corporation Procedures for Review of Financial Reports of Listed Companies 

Amended Date: 2024.01.12 (Articles 3, 5, 7 amended,English version coming soon)
Current English version amended on 2020.03.10 
Categories: Primary Market > Management > Auditing and Review
Article 11
    If a listed company is found to have any of the following circumstances after the revision of such company's financial forecasts, the TWSE may issue a letter imposing a demerit on such listed company. Where the circumstance is serious, such company may also be imposed with a default penalty of NT$30,000, and become a potential candidate to be selected for routine regulation; the case shall be submitted for the competent authority's recordation.
  1. The company does not update (or correct) the financial forecasts pursuant to the Regulations.
  2. The basic accounting assumptions in the financial forecasts are not reasonably evaluated.
  3. The financial forecasts have not been approved by the board of directors due to illegitimate reasons.
  4. The company does not report relevant documents pursuant to the Regulations.
  5. Any material mistake or omission occurs in a public announcement/report made pursuant to the Regulations.
  6. The matters that need to be improved or corrected are not improved or corrected within the time limit.
Data Source:Taiwan Stock Exchange - Rules & Regulations Directory