1.    FSC Issues Order Regarding the Exercise of Voting Rights in Stocks Held by Futures Commission Merchants
To encourage futures commission merchants (FCMs) to take more active roles in corporate governance and shareholder supervision over their invested companies, the FSC issued an order on 22 July 2016 to regulate the exercise of voting rights in stocks held by FCMs. The order specifies that if a shareholders meeting does not provide electronic voting platform and an FCM holds less than 300,000 shares of the company, the FCM is not required to send personnel to attend the shareholders meeting. But for any shareholders meeting that does provide electronic voting platform, the FCM is required without exception to send personnel to attend the shareholders meeting or to exercise their voting rights in writing or electronically.
2.    FSC Issues Order Defining the IFRSs, IAS, IFRIC, and SIC, as Endorsed by the FSC, as Referred to in Article 3, Paragraph 2 of the Regulations Governing the Preparation of Financial Reports by Securities Issuers
Starting from 2017, Taiwan FSC will implement new policy for endorsing new accounting standards. On 18 July 2016, the FSC issued an order specifying that the International Financial Reporting Standards (IFRSs), International Accounting Standards (IAS), and Interpretations developed by the International Financial Reporting Interpretations Committee (IFRIC) or the former Standing Interpretations Committee (SIC) will be referred to as endorsed by the FSC under Article 3, paragraph 2 of the Regulations Governing the Preparation of Financial Reports by Securities Issuers when they were announced and included in the “IFRSs applicable for use from 2017,” as shown on the “IFRSs download zone” over the website of the Securities and Futures Bureau, FSC. Public companies that have already issued, or have already registered with the FSC to issue overseas depositary receipts, may adopt all effective IFRSs as published by the International Accounting Standards Board.