Taiwan Stock Exchange Adopts New Rules On Foreign Issuers Sponsoring TDRs
May 28, 2012 in World Securities Law Report
When a foreign issuer that sponsors Taiwan Depositary Receipts (“TDRs”) applies with the Taiwan Stock Exchange (“TWSE”) for listing, it is required to provide the TWSE with its audited financial statements for the TWSE to understand its financial status.
To strengthen the post-listing supervision of TDRs and strengthen the review of foreign issuers’ financial statements, the TWSE promulgated the Procedure for Reviewing the Financial Statements of Foreign Issuers Sponsoring TDRs on March 19, 2012. The new procedure took effect on the same date. …
