Taiwan Stock Exchange - Rules & Regulations Directory

Title：Taiwan Stock Exchange Corporation Rate Table for Securities Listing Fees（2020.03.30）

Categories：	Primary Market > Applications

1
Rate table for listing fees

Company stocks (including stocks issued by domestic public companies and foreign issuers, and stock warrant certificates, certificates of entitlement to new shares, and certificates of payment for shares that are deemed to be securities, provided that no listing fees are collected, for the time being, for bond conversion entitlement certificates from the conversion of convertible corporate bonds)

┌───────────────┬──────────────┐
│No. of units of the listed    │Listing fee                 │
│securities                    │                            │
├───────────────┼──────────────┤
│50 million shares or less     │NT$300 for every 100,000    │
│                              │shares, provided any value  │
│                              │below NT$100,000 is deemed  │
│                              │NT$100,000 for purposes of  │
│                              │the listing fee             │
├───────────────┼──────────────┤
│Portion above 50 million      │NT$200 for every 100,000    │
│shares up to 100 million      │shares                      │
│shares                        │                            │
├───────────────┼──────────────┤
│Portion above 100 million     │NT$100 for every 100,000    │
│shares up to 200 million      │shares                      │
│shares                        │                            │
├───────────────┼──────────────┤
│Portion above 200 million     │NT$50 for every 100,000     │
│shares up to 300 million      │shares                      │
│shares                        │                            │
├───────────────┼──────────────┤
│Portion above 300 million     │NT$25 for every 100,000     │
│shares                        │shares                      │
├───────────────┴──────────────┤
│The maximum annual listing fee is NT$450,000                │
└──────────────────────────────┘

Corporate bonds (including foreign corporate bonds), beneficial securities or asset-backed securities

┌─────────┬───────┬─────────┐      
│Total nominal     │Listing fee   │Fast calculation  │
│value of the      │rate          │of the annual fee │
│listed securities │              │                  │
├─────────┼───────┼─────────┤      
│Total nominal     │0.03%         │NT$300 fee        │
│value of the      │              │collected for each│
│issued balance    │              │NT$1 million of   │
│                  │              │nominal value     │
├─────────┴───────┴─────────┤      
│Maximum annual listing fee: NT$300,000                │
└───────────────────────────┘

Beneficial certificates of exchange-traded funds and offshore ETFs

┌─────────┬───────┬─────────┐      
│Total nominal     │Listing fee   │Fast calculation  │
│value of the      │rate          │of the annual fee │
│listed securities │              │                  │
├─────────┼───────┼─────────┤      
│Total nominal     │0.03%         │NT$300 fee        │
│value of the      │              │collected for each│
│issued balance    │              │NT$1 million of   │
│                  │              │nominal value     │
├─────────┴───────┴─────────┤      
│Maximum annual listing fee: NT$300,000                │
└───────────────────────────┘

Beneficial certificates of exchange-traded funds

┌───────────┬───────┬─────────┐  
│Net asset value of    │Listing fee   │Fast calculation  │
│listed securities     │rate          │of the annual fee │
├───────────┼───────┼─────────┤  
│Total nominal value of│0.03%         │NT$300 fee        │
│the issued balance    │              │collected for each│
│                      │              │NT$1 million of   │
│                      │              │nominal value     │
├───────────┴───────┴─────────┤  
│Maximum annual listing fee: NT$300,000                    │
└─────────────────────────────┘

Separated stock warrants

┌─────────┬───────┬────────────┐
│Total nominal     │Listing fee   │Fast calculation of the │
│value of the      │rate          │annual fee              │
│listed securities │              │                        │
├─────────┼───────┼────────────┤
│NT$500 million or │0.03%         │NT$300 fee collected for│
│less              │              │each NT$1 million of    │
│                  │              │nominal value; but for  │
│                  │              │nominal value less than │
│                  │              │NT$100,000, fee         │
│                  │              │calculated and collected│
│                  │              │based on NT$100,000     │
├─────────┼───────┼────────────┤
│The portion over  │0.02%         │NT$200 fee collected for│
│NT$500 million up │              │each NT$1 million of    │
│to NT$1 billion   │              │nominal value           │
├─────────┼───────┼────────────┤
│The portion over  │0.01%         │NT$100 fee collected for│
│NT$1 billion up to│              │each NT$1 million of    │
│NT$2 billion      │              │nominal value           │
├─────────┼───────┼────────────┤
│The portion over  │0.005%        │NT$50 fee collected for │
│NT$2 billion up to│              │each NT$1 million of    │
│NT$3 billion      │              │nominal value           │
├─────────┼───────┼────────────┤
│The portion over  │0.0025%       │NT$25 fee collected for │
│NT$3 billion      │              │each NT$1 million of    │
│                  │              │nominal value           │
├─────────┴───────┴────────────┤
│Maximum annual listing fee: NT$450,000                      │
└──────────────────────────────┘

Taiwan depositary receipts

                                                           
┌───────────────┬──────────────┐
│No. of units of the listed    │Listing fee                 │
│securities                    │                            │
├───────────────┼──────────────┤
│50 million units or less      │NT$150 for every 100,000    │
│                              │units, provided any value   │
│                              │below NT$50,000 is deemed   │
│                              │NT$50,000 for purposes of   │
│                              │the listing fee             │
├───────────────┼──────────────┤
│Portion above 50 million units│NT$100 for every 100,000    │
│up to 100 million units       │units                       │
├───────────────┼──────────────┤
│Portion above 100 million     │NT$50 for every 100,000     │
│units up to 200 million units │units                       │
├───────────────┼──────────────┤
│Portion above 200 million     │NT$25 for every 100,000     │
│units up to 300 million units │units                       │
├───────────────┼──────────────┤
│Portion above 300 million     │NT$12.5 for every 100,000   │
│units                         │units                       │
├───────────────┴──────────────┤
│The maximum annual listing fee is NT$450,000                │
└──────────────────────────────┘

Call (put) warrants

┌───────────────┬──────────────┐
│Total issue amount of the     │Annual listing fee          │
│listed securities             │                            │
├───────────────┼──────────────┤
│NT$15 million or less         │NT$80,000                   │
├───────────────┼──────────────┤
│Over NT$15 million, up to     │NT$70,000                   │
│NT$30 million                 │                            │
├───────────────┼──────────────┤
│Over NT$30 million            │NT$60,000                   │
└───────────────┴──────────────┘

Beneficial securities of a real estate investment trust or real estate asset trust

┌─────────┬───────┬────────────┐
│Total nominal     │Listing fee   │Fast calculation        │
│value of the      │rate          │of the annual fee       │
│listed securities │              │                        │
├─────────┼───────┼────────────┤
│Total nominal     │0.03%         │NT$300 fee collected for│
│value of the      │              │each NT$1 million       │
│issued balance    │              │                        │
├─────────┴───────┴────────────┤
│Maximum annual listing fee: NT$500,000                      │
└──────────────────────────────┘

Exchange-traded notes

┌─────────┬───────┬────────────┐
│Total issue       │Listing fee   │Fast calculation        │
│value of the      │rate          │of the annual fee       │
│listed securities │              │                        │
├─────────┼───────┼────────────┤
│Total issue       │0.03%         │NT$300 fee collected for│
│value             │              │each NT$1 million       │
│                  │              │                        │
├─────────┴───────┴────────────┤
│Maximum annual listing fee: NT$300,000                      │
└──────────────────────────────┘

2
    The annual listing fee for securities in the year they are listed for trading on the TWSE centralized securities exchange market for the first time is calculated and collected according to the fee rates listed in the table of the preceding article, prorated based on the number of months they have been listed for trading (with any partial month calculated as a full month) beginning from the first month they were listed for trading.
    If a company's shares are already exchange-listed, the listing fee of the year of listing for its capital increase shares and its stocks of a different type than its listed shares is calculated and collected based on the total number of units issued and in accordance with the provisions of the preceding paragraph. The total maximum annual listing fee for any listed company in the given year is NT$450,000, and from the next year following the year of listing, the listing fee for the newly listed stock shall be calculated in combination with that of its originally listed stock.
    The listing fees of separated TWSE-listed stock warrants issued by a TWSE-listed company are governed by the rates in the table in the preceding article and charged in a lump sum during the duration of said warrants after their listing on the TPEx or TWSE (fractions of a month are deemed a month). The maximum annual listing fee of each such TWSE-listed company is NT$450,000.
    The listing fee of the year of listing of a Taiwan depositary deposit that a foreign issuer additionally issues with the same rights and obligations as the listed Taiwan depositary receipt is charged in accordance with the preceding article based on the total number of units issued. The maximum annual listing fee is NT$450,000 per Taiwan depositary receipt in such year and charged in combination with the listing fee of the listed Taiwan depositary receipt from the year following the listing year.
    The listing fees of call (put) warrants are charged in a lump sum during their duration in accordance with the preceding article. Where the duration is extended, the fees are charged in a lump sum during the extension. Fractions of a six-month period during such duration are deemed six months. In the event of additionally issued call (put) warrants, a NT$20,000 listing fee is charged per instance.
    In the event of deregistration of a call (put) warrant during its duration, the TWSE will reassess its listing fee on its de-listing date based on its initial issue number less the cumulative number voluntarily deregistered, multiplied by the number of warrants; the issuer shall make up the shortfall, if any, within five days of its receipt of notice from the TWSE.

3
After securities are listed, during January of each subsequent year the issuer shall pay the listing fee for that year to the TWSE. If the securities are delisted after such payment is made, the TWSE will refund the payment on a pro-rata basis, calculated based on the actual number of months the securities were listed that year (with any partial month calculated as a full month).

4
After corporate bonds (including foreign corporate bonds) are listed, their listing fee for the following year is calculated and collected based on the issued balance, prorated according to the proportion of unredeemed months for that year.

5
This Table shall take effect after having been passed by the TWSE board of directors and submitted to and approved by the competent authority. Subsequent amendments thereto shall be effected in the same manner.