萬國法律事務所

Taiwan’s Financial Supervisory Commission on 10 December 2004 issued an administrative order that permits listed companies to issue corporate financial forecasts on a voluntary basis. This change will become effective from 1 January 2005. According to the order, companies now can choose to issue a simple (quarterly) report or a complete (annual) report. It is hoped that this order will facilitate a reduction in costs for companies and also enhance the accuracy of such forecasts, while further conforming to accepted international practices.

However, it has indicated that in the event a company does not utilize one of the two methods above-identified but acknowledges that it instead announced a forecast of its operating income or profit-type information via alternative media or venues, the company may be requested to make a public announcement via a complete financial forecast within ten days of notification from the Financial Supervisory Commission.