Important Measures
Promulgation of the “Regulations Governing the Declaration on Acquisition of Shares in Accordance with Paragraph 1, Article 43-1 of the Securities and Exchange Act”
2019-11-07
On October 7, 2019, the FSC promulgated the aforementioned Regulations based on the “Directions for Filing Reports on Acquisition of Shares in Accordance with Paragraph 1 of Article 43-1 of the Securities and Exchange Act” with the authority specified in Paragraph 1 of Article 43-1 of the Securities and Exchange Act. Any person who acquires, either individually or jointly with other persons, more than 10% of the total issued shares of a public company shall report the number of shares acquired, the purpose and sources of funds for acquisition of the shares, changes to the specifics reported, public announcement, terms, and any other compliance matters to the competent authority and make such announcement according to the Regulations.
- Visitor: 627
- Update: 2019-11-07