Regulations Governing Issuance of Corporate Bonds by Financial Holding Companies Article 6
A financial holding company established through conversion may issue corporate bonds immediately after establishment.A financial holding company may not apply for (register) the issuance of corporate bonds if any of the following circumstances exist:1. The latest consolidated financial report audited and certified by the CPA exhibits cumulative losses. However, this restriction shall not apply if the company or the corporate bonds has been rated at or above a certain rating by a credit rating institution in the most recent year.2. A fraud case involving more than NT$100 million occurred in the year prior to the application (registration).The term “has been rated at or above a certain rating by a credit rating institution" refers to be rated by a credit rating institution approved or recognized by the competent authority of securities and the long-term debt credit rating is twBBB- or above.A financial holding company shall inform investors of the following matters in the issuance and sales of corporate bonds:1. Credit rating: The credit rating of the financial holding company or the corporate bonds. If the credit rating of the financial holding company is provided, the financial holding company shall remind investors to heed the inherent risks of the bonds.2. Major issuance conditions: They include investor’s interest related issues in the provisions of Subparagraph 4, Article 2 of the Regulations Governing the Consolidated Capital Adequacy of Financial Holding Companies, whether the corporate bond is cancelable, callable or redeemable, and other conditions etc.3. In case of a subordinated corporate bond, explanations to the priority of claim and the legal effect of subordination.4. Other material terms and conditions regarding the issuance of corporate bonds.For the public offering and the issuance of corporate bonds, a financial holding company shall follow the provisions of the Regulations Governing Information to be Published in Financial Institution Prospectuses for Offering and Issuance of Securities.If a financial holding company commissions an underwriter to issue its corporate bonds, it shall enter an agreement with the said underwriter, requiring the said underwriter to perform the obligation of disclosure as provided in Paragraph 4.
中文原文 金融控股公司發行公司債辦法第6條
轉換設立之金融控股公司，於設立後即得發行公司債。
金融控股公司有下列情形之一者，不得申請（報）發行公司債：
一、最近一次以合併基礎計算且經會計師查核簽證之財務報告有累積虧損者。
但最近一年內該公司或該公司債經信用評等機構評等達一定等級以上者，不在此限。
二、申請（報）發行前一年內有新臺幣壹億元以上舞弊案件發生者。
前項第一款所稱「經信用評等機構評等達一定等級以上」，係指經證券主管機關核准或認可之信用評等機構評定，長期債務信用評等達twBBB-等級以上。
金融控股公司發行及銷售公司債，應告知投資人下列事項：
一、信用評等等級：金融控股公司或公司債之評等等級，如係採金融控股公司信用評等，應提醒投資人注意債券標的本身之風險。
二、重大發行條件：包括依金融控股公司合併資本適足性管理辦法第二條第四款與投資人權益相關之事項、公司債得否中途解約、買回或賣回及其條件等。
三、如為次順位公司債券，其求償順位及次順位之法律效果說明。
四、其他重要發行辦法及條件。
金融控股公司公開募集發行公司債應依金融業募集發行有價證券公開說明書應行記載事項準則辦理。
金融控股公司委託承銷機構銷售其發行之公司債時，應約定由承銷機構履行第四項告知義務。
金融控股公司有下列情形之一者，不得申請（報）發行公司債：
一、最近一次以合併基礎計算且經會計師查核簽證之財務報告有累積虧損者。
但最近一年內該公司或該公司債經信用評等機構評等達一定等級以上者，不在此限。
二、申請（報）發行前一年內有新臺幣壹億元以上舞弊案件發生者。
前項第一款所稱「經信用評等機構評等達一定等級以上」，係指經證券主管機關核准或認可之信用評等機構評定，長期債務信用評等達twBBB-等級以上。
金融控股公司發行及銷售公司債，應告知投資人下列事項：
一、信用評等等級：金融控股公司或公司債之評等等級，如係採金融控股公司信用評等，應提醒投資人注意債券標的本身之風險。
二、重大發行條件：包括依金融控股公司合併資本適足性管理辦法第二條第四款與投資人權益相關之事項、公司債得否中途解約、買回或賣回及其條件等。
三、如為次順位公司債券，其求償順位及次順位之法律效果說明。
四、其他重要發行辦法及條件。
金融控股公司公開募集發行公司債應依金融業募集發行有價證券公開說明書應行記載事項準則辦理。
金融控股公司委託承銷機構銷售其發行之公司債時，應約定由承銷機構履行第四項告知義務。