1.On 26 February 2016, the Financial Supervisory Commission (FSC) Issued order No. Financial-Supervisory-Securities-SITC-1050006600 Reducing the Minimum Margin for Short Sales of Stock from 120% to 90%
To maintain order and stability in the securities trading market, the FSC earlier this year announced that the minimum margin for short sales of TWSE and TPEx listed securities would be adjusted from 90% to 120%, effective from 8 January 2016.
Considering that domestic and international economic conditions and major global securities markets have gradually stabilized, to restore the normal functioning of Taiwan''s securities market as soon as possible, the FSC has decided to reduce the minimum margin for short sales of stock from 120% back to 90%, effective from 1 March 2016. The FSC will continue to monitor securities market trading conditions as well as economic and financial trends at home and abroad, and will respond with appropriate measures if and when needed.
2.The FSC announced the IFRSs to be endorsed in 2017 and the adoption date of IFRS 15 “Revenue from Contracts with Customers”
In response to the continuous development of IFRSs, the FSC announced on March 10th that the IFRSs to be endorsed in 2017 would be the standards issued by IASB before January 1st, 2015 and effective date on January 1st, 2016 (not including IFRS 9 “Financial Instruments” and IFRS 15 “Revenue from Contracts with Customers”, which haven’t been effective on January 1st, 2016 or whose effective dates are yet to be determined).
To improve revenue recognition standards and to enable companies to fairly present their financial performance in their financial statements, the IASB developed IFRS 15 “Revenue from Contracts with Customers”, which was issued in May 2014 and will take effect on 1 January 2018. Based on to the results of survey showing only limited impacts on company revenue recognition, the FSC has announced that Taiwan will further synchronize its accounting standards by adopting IFRS 15 on its international effective date of 1 January 2018.