The Taiwan Monthly

May 2021

Listed Companies and Initial Public Offerings

TWSE amends the "Rules Governing Information Filing by Companies with TWSE Listed Securities and Offshore Fund Institutions with TWSE Listed Offshore Exchange-Traded Funds"

To be in accord with the "Corporate Governance 3.0 - Sustainable Development Roadmap", listed companies are required to comprehensively publish annual unaudited annual financial information from 2024. The TWSE has partially amended the rules as mentioned in the headline in which listed companies are required to publish unaudited annual financial information within 75 days after the close of each fiscal year. Requirements under these rules are in three phases based on the amount of capital as follows:

1. The first phase will go into effect in 2022 for TWSE listed companies with a paid-in capital of NT$10 billion or more at the end of 2021.
2. The second phase will go into effect in 2023 for TWSE listed companies with a paid-in capital of NT$2 billion or more at the end of 2022.
3. The third phase will go into effect in 2024. All TWSE listed companies will be required to publish annual unaudited annual financial information.

In order to enhance the timeliness of the financial information disclosure of listed companies and to prevent window period for lack of information from being overly long, the TWSE urges listed companies to check the regulation timetable and the applicable phases.

For further inquiries, please contact Ms.Fu at 1229@twse.com.tw.