08 May, 2009
FCMs Permitted to List on Taiwan Stock Exchange
The Financial Supervisory Commission has released new regulations that will permit Taiwanese Futures Commission Merchants (FCMs) to list on the Taiwan Stock Exchange.
The regulations released yesterday require that an FCM have been listed on Taiwan's OTC market for at least one year and have a net value of NT$2 billion (c. US$60 million).
Other requirements include minimum capital adequacy requirement (a ratio to customer bonds) and the absence of disciplinary action by the regulator or major, uncorrected violations of the FCM's internal controls.
For more information on listing requirements in Taiwan, please contact Shan Lee at +8860-2-2311-2345 ext. 333.
