The Taiwan Monthly

Trading Policies

The TWSE has amended the Taiwan Innovative Board “TIB” listing requirements and qualified investor criteria

The TWSE launched the Taiwan Innovation Board last July to empower companies with key technologies and innovative capabilities or business models to raise funds on the capital market. It is incumbent on the TWSE to enhance market liquidity and steer more startups to list on TIB. In order to increase the number of qualified investors, the criteria has been amended.

 

In accordance with the latest regulations stipulated by the TWSE, signing the Risk Disclosure Statement is no longer required for institutional investors and venture capital enterprises. Additionally, individual investors with a certain number of years of trading experience as well as financial capacity of at least NT$10 million or an average annual income of at least NT$1.5 million over the last two years are eligible to trade in TIB. Furthermore, the listing requirements have been amended regarding revenue standards. Companies are qualified to be listed on TIB with revenue not lower than NT$150 million for the four most recent fiscal quarters instead of the most recent fiscal year.

 

For foreign investor to participate in TIB, please refer to the TWSE website for further information. Additional information as well as FAQs can be found on

https://www.twse.com.tw/en/page/products/tib/preface.html

 

For further inquiries, please contact Ms. Hsu at 1136@twse.com.tw