萬國法律事務所

The Taiwan Government plans to consolidate Taiwan’s exchanges in the near future, and the model for such consolidation is developing as a “Three plus One” model.

For the integration of the domestic securities and futures markets, a holding company of the Taiwan Stock Exchange Corp., the Taiwan Futures Exchange, and the Taiwan Depository and Clearing Corp. will be established. Under one umbrella, these three companies will continue to operate independently. Further, the GreTai Securities Market, a non-profit foundation, will transfer its business to the Taiwan Stock Exchange Corp. After the transfer, the GreTai Securities Market will take sole charge of supervision and management of the companies listed on the Taiwan Securities Exchange and the GreTai Securities Market, and may assume a similar position and function as that held by the Financial Industry Regulatory Authority (FINRA).

According to Tseng Ming-Chung, chairperson of the Financial Supervisory Commission, an evaluation report of said proposal is expected to be completed by the end of May 2014.