Regulations Governing the Issuance of Call (Put) Warrants by Issuers Article 7
When any one of the following circumstances applies to an issuer that has applied for accreditation as a qualified issuer of call (put) warrants, the FSC may deny accreditation; for an issuer that has obtained accreditation, the FSC may void or revoke the accreditation:1. It has made incomplete submission of required application documents, and has failed to supplement those documents by the deadline prescribed by the FSC.2. Particulars of the application do not conform to laws and regulations, or the application contains misrepresentations or nondisclosures.3. There is a major loss of creditworthiness which has yet to be settled, or four years have not elapsed since settlement.4. There is a lack of appropriate risk management measures.5. The issuer has been incapable of meeting obligations in connection with a previous issue of call (put) warrants.6. In the most recent year the issuer has failed to comply with TWSE or TPEx regulations applicable to call (put) warrants, and improvement within a specified time period was not possible.7. The issuer fails to prepare financial reports in accordance with generally accepted accounting principles, or effective enforcement of its internal control system is not possible.8. The issuer violates the preceding Article, or an assessment shows that its filed particulars might have material impact on its financial status.9. There is a major dispute with respect to rights and interests that could influence the issuer's finances or business, and there is no resolution or improvement.10. There is factual evidence of material irregularities with the issuer's finances or business.11. The issuer does not comply with the conditions Article 5, paragraph 2 or 3.12. The FSC otherwise considers it necessary to deny accreditation in order to protect the public interest.
中文原文 發行人發行認購（售）權證處理準則第7條
發行人申請發行認購（售）權證之資格認可，如有下列情形之一，本會得不予認可；已認可者，本會得撤銷或廢止其資格認可：
一、申請書件不完備，經本會限期補正，逾期不能完成補正者。
二、申請事項有違反法令或虛偽隱匿情事者。
三、重大喪失債信情事，尚未了結或了結後尚未逾四年者。
四、無適當之風險管理措施者。
五、曾發行認購（售）權證而有無法履約之情事者。
六、最近一年內未能依證券交易所或櫃檯買賣中心認購（售）權證相關規定辦理，且無法於限期內改善者。
七、未依一般公認會計原則編製財務報告或其內部控制制度未能有效執行者。
八、違反前條規定，或其申報事項經評估對其財務狀況有重大影響之虞者。
九、有足以影響公司財務業務之重大權益糾紛情事，尚未解決或改善者。
十、有事實證明其財務或業務有重大異常情事者。
十一、未符合第五條第二項或第三項規定者。
十二、其他本會為保護公益認為有必要者。
一、申請書件不完備，經本會限期補正，逾期不能完成補正者。
二、申請事項有違反法令或虛偽隱匿情事者。
三、重大喪失債信情事，尚未了結或了結後尚未逾四年者。
四、無適當之風險管理措施者。
五、曾發行認購（售）權證而有無法履約之情事者。
六、最近一年內未能依證券交易所或櫃檯買賣中心認購（售）權證相關規定辦理，且無法於限期內改善者。
七、未依一般公認會計原則編製財務報告或其內部控制制度未能有效執行者。
八、違反前條規定，或其申報事項經評估對其財務狀況有重大影響之虞者。
九、有足以影響公司財務業務之重大權益糾紛情事，尚未解決或改善者。
十、有事實證明其財務或業務有重大異常情事者。
十一、未符合第五條第二項或第三項規定者。
十二、其他本會為保護公益認為有必要者。