Taiwan Stock Exchange - Rules & Regulations Directory

Article NO. Content


Taipei Exchange Regulations Governing the Conduct of Equity Crowdfunding by Securities Firms 

Amended Date: 2020.08.20 (Articles 26 amended,English version coming soon)
Current English version amended on 2019.01.02 
Article 15-2
    A securities firm may not do any of the following when recommending to a customer a subscription to the stock of a company under Article 15-1, paragraph 1:
  1. Cite any information that contains any misrepresentation, falsehood,
  2. concealment, or otherwise could cause mistaken confidence on the part of others.
  3. Guarantee specific outcomes on recommended stock.
  4. Fail to clearly inform or indicate that information provided is a forecast.
  5. Fail to base recommendations on research reports.
  6. Use results of past recommendations in promoting its recommendation business.
Data Source:Taiwan Stock Exchange - Rules & Regulations Directory