Taipei Exchange

To reinforce the supervision on TPEx primary listed foreign companies, the amendments regulate the certain number of Taiwanese directors and Taiwanese independent directors, and the dispositions when the listed foreign company fails to comply with the provisions, and extend the period that a lead recommending securities firm shall assist the listed foreign company in compliance with the related laws and regulations, and enhance the scope of responsibility for compliance with the laws and rules.

In order for the companies to have a reasonable adjustment time, if the current board members of the listed foreign company have not yet met the requirement for the number of Taiwanese directors and Taiwanese independent directors, it shall be applied from the expiration of the term of existing directors.