Taiwan Stock Exchange - Rules & Regulations Directory

Article NO. Content

Title:

Taiwan Stock Exchange Corporation Procedures for Handling Default on Settlement Obligations by Securities Firms 

Amended Date: 2005.11.10 
Categories: Market Supervision > Regulation of Securities Firms
5
    If the suspended firm is an issuer of warrants, the relevant units shall follow the procedures listed below:
  1. Matters to be undertaken by the TSE:
    1. In its announcement of the suspension, the TSE shall include a statement that the authorized firm will handle, on behalf of the suspended firm, operations relating to exercise of call (put) warrants issued by the suspended firm.
    2. The TSE will guide the suspended firm to transfer information relating to unexpired call (put) warrants to the authorized firm for handling by it.
  2. Matters to be undertaken by the suspended firm:
    1. From the date of suspension, suspend operations relating to handling investor requests for exercise of warrants.
    2. Provide information relating to unexpired call (put) warrants to the authorized firm.
    3. Assist the authorized firm to carry out operations relating to investor requests for exercise of warrants.
  3. Matters to be undertaken by the authorized firm:
    1. During the period of suspended operations by the suspended firm, the authorized firm shall handle on its behalf operations relating to exercise of call (put) warrants issued by the suspended firm.
    2. If the suspended firm lacks the ability to perform exercise, the authorized firm shall notify the TSE and the TSCD, and shall immediately suspend handling of investor requests for exercise of warrants, except in assisting those investors who have already made requests for exercise in the handling of follow-up matters.
    3. The authorized firm shall keep good custody of relevant information transferred by the suspended firm, and return it to the suspended firm when that firm resumes or terminates operations.
Data Source:Taiwan Stock Exchange - Rules & Regulations Directory
twse-regulation.twse.com.tw