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Investors Q&A

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1.1.4. Others

1. How long is the TPEx listing application process?

For applications to list on TPEx, if the application and review process goes smoothly, the case will be submitted to the TPEx Listing Review Committee for review in six weeks from the week following the receipt of application, and then to the TPEx Board of Directors for discussion and ratification. After an applicant has been notified of listing approval, the applicant must list the stock for trading within 3 months (which may be extended for another 3 months). Thus generally it takes about 4-5 months from the time of application to formal listing on TPEx.

2. Where to find information on listing application status and listing information?

You can search TPEx website (Listed/Registered Companies > Status of Application > Mainboard Applicant Companies/Mainboard New Listing Companies.

3. Where can I find the corporate governance information on a TPEx-listed company?

The results of annual corporate governance evaluation is available on TPEx website - Listed Companies > Corporate Governance > Corporate Governance Evaluation System.
The information is also available on Market Observation Post System under Corporate Governance.

4. Are there guidelines for listed companies regarding announcement of material information?

TPEx has compiled a Q&A on Directions for TPEx-listed (Emerging Stock) Companies Regarding Announcement of Material Information as guide for listed companies regarding the time and content of material information announcement and how should listed companies respond to news report.
The Q&A is available for download on TPEx Domestic Service Providing Website → Main Board Companies / ESB Companies /Bond Issuancer > Main Board Companies and ESB Companies Documant Download > Q&A > FAQ of Main Board Companies and ESB Companies Disclosing Material information.

5. How to inquire the information of a delisted company?

If you like to inquire trading information, you can find it at the site below:
1. For historical prices of a TPEx-listed stock, please visit TPEx website > Mainboard > After-hour trading information > Stock daily info > Input date and stock symbol.
2. For historical prices of an emerging stock, please visit TPEx website > Emerging Stock > Historical data of individual emerging stock> input date and stock symbol.
If you like to inquire the issuance data of a stock, such as basic data, material information or financial information, and the company is still in the capital market (a company that is listed on Taiwan Stock Exchange (TWSE), Taipei Exchange (TPEx), or Emerging Stock Board, or is a public company), please visit the MOPS (Market Observation Post System). If a company has withdrawn from the capital market (not TWSE-listed or TPEx-listed, or an emerging stock or a public company), TPEx has no authority over such an entity and is unable to provide any issuance data on it.

6. Could securities investment trust funds be invested in TPEx main board stocks?

As long as the securities investment trust funds are permitted to be invested in securities under their fund contracts, they are allowed to invest in TPEx main board stocks.

7. Is there any special restriction to dealers on the trading of TPEx main board stocks?

According to Article 45 section 3 of Securities and Exchange Act, a securities firm shall not invest in another securities firm except with the approval of the Competent Authority. Therefore, dealers are not allowed to trade shares of another securities firm listed on TPEx. Otherwise, no special restrictions apply to dealers.

8. What is the market surveillance system in place for trading irregularity of securities traded on TPEx?

Pursuant to the Regulations Governing Implementation of the Market Surveillance System for Securities Traded on the TPEx, when TPEx discovers any irregularity in price fluctuation, volatility, turnover or other irregularities of a security during trading hours, and there are irregularities in the order placed by an investor or a securities firm or transactions made by them, TPEx may issue a notice requesting attention by securities firms. TPEx would compute the closing prices and trading volume of securities after the trading session, and if any threshold is reached, would announce the name of securities concerned and related trading information to alert investors. If a particular security has been subject to announcement of attention to trading information several times and its trading continues to show irregularity, TPEx will adopt disposition measures according to rules. If deemed necessary, TPEx may call the Surveillance Operations Oversight Committee meeting to consider taking special disposition measures. In addition, if any unlawful activity is discovered, TPEx will report the case to the competent authority for transfer to the law enforcement authorities for investigation.

9. Time for the Surveillance Operations Oversight Committee to take special disposition measures on securities with trading irregularity

When TPEx discovers that a security with trading irregularity also has irregular price-to-earnings ratio or price-to-book ratio, or information on the fundamentals of the security issuer may be false, which is not clarified by the issuer and hence may mislead investors or seriously undermine the security of payment and settlement in the market, or that the announcement of attention issued or disposition measures taken on the securities fails to produce the alerting effect, and it is deemed necessary by the Surveillance Operations Oversight Committee, TPEx may take special disposition measures in consideration of market situation. To protect the interests of investors and maintain market order, the Surveillance Operations Oversight Committee may also take special disposition measures on the securities without making an announcement of attention or taking general disposition measures.

The special disposition measures include collect in advance purchase price or securities sold, control trade matching for the securities, restrict the amount of the securities that individual securities firms can buy and sell, notify securities firms to make additional deposit into the Clearing and Settlement Fund, reduce the loan-to-value ratio for margin trading of the securities or suspend margin trading of the securities and other measures.

10. How do I purchase realtime trading information?

You can go to the Information Service section of TPEx website > realtime trading information. The section provides protocol for the transmission of realtime trading information, fee charge methods, contract specimen and contact window information.

11. How do I purchase historical trading information?

You can go to the Information Service section of TPEx website > after-hours information (trading information after market closes). The section provides description of historical data format, fee charge methods, subscription clauses and contact window information. If you need non-standard historical data, such as the trading information of a particular security during a specific period of time, please contact the contact window described above and we will process your request as a special case and charge you a fee based on the request.

Note: The English translation is for reference only. In case of any discrepancy between the English version and the Chinese version, the Chinese version shall prevail.

Taipei Exchange

Investors Q&A