Taiwan – FSC Shareholding by Directors

Taiwan – FSC Shareholding by Directors

On 12 July 2022, TAI FSC issued interpretive rules of director shareholding.

  • TAI FSC issued supplementary interpretive rules for the disputes over the application of paragraph 1 of article 157 of Securities and exchange act.

Supplementary Rules

  • Clarified the calculation of 10% of shareholding by directors, supervisors, and managers when they obtain the shares before or after their identities such as director are known.
  • Defined scope of obtaining shares of listed companies, OTC or emerging companies.
  • Clarified the provisions apply to the selling of shares which are bought in preferential subscription method, upon transfer of public enterprises to private enterprises.
  • Financial institution exercise of right to pledge on pledged stocks is treated as selling.


  • The Rules are effective on 12 July 2022.