Taiwan Stock Exchange - Rules & Regulations Directory
time:2020/01/23 05:14

Article NO. Content

Title:

Taiwan Stock Exchange Corporation Directions for Verification and Disclosure of Material Information of Trustee Institutions and Special Purpose Companies 

Amended Date: 2003.03.10 
Categories: Primary Market > Management > Information Disclosure
Article 2
    The term "material information of a trustee institution or SPC" as used in these Directions refers to the following matters:
  1. where there is a likelihood that the conduct of a trustee institution is damaging trust assets and a trust supervisor has requested that it cease the conduct.
  2. the status of repayment, overdue accounts, bad debt, and other material information relating to debtors in connection with the trust assets, as provided on a regular basis by a servicer.
  3. amendment or termination of a special purpose trust contract.
  4. resignation or dismissal of a trustee institution, or selection of a new trustee institution.
  5. notice by an SPC supervisor to a director to cease certain conduct.
  6. where the supervisory institution of an SPC duly convenes a meeting of holders of asset-backed securities because of a likelihood that the value of the transferred assets is insufficient to pay off debt or prejudices the holders.
  7. the status of repayment, overdue accounts, bad debt, and other material information relating to debtors in connection with the transferred assets, as provided on a regular basis by a servicer.
  8. any change to the articles of incorporation of an SPC.
  9. dissolution of an SPC.
  10. where a trustee institution or SPC has been subject to a disposition imposed by the competent authority in charge of the relevant industry for violating the Financial Asset Securitization Act.
  11. important resolutions of meetings of beneficiaries or security holders.
  12. where a trustee institution uses trust assets to borrow funds or an SPC pledges, assigns, exchanges, provides as security, or otherwise disposes of transferred assets.
  13. suspension of the powers of any of the directors of an SPC.
  14. any other matter that has a significant effect on the rights and interests of beneficiaries and securities holders or the price of securities, or any significant decision-making.
Data Source:Taiwan Stock Exchange - Rules & Regulations Directory
twse-regulation.twse.com.tw