The Financial Supervisory Commission (FSC) has amended Article 23 of the “Regulations Governing Information to be Published in Annual Reports of Public Companies” to enhance transparency and protect investor rights. Since its initial issuance in 1988, the regulation has been amended 25 times. The latest revision requires all listed and OTC companies to submit the electronic version of their annual report to the FSC-designated platform 14 days before the shareholders’ meeting, promoting timely access to corporate information and encouraging shareholder participation.
Emerging Stock companies under the Taipei Exchange (TPEx) rules remain subject to a 7-day submission, while public companies neither listed on the stock exchange nor traded at securities dealers must submit 2 days prior. If the annual report serves as supplementary material for the Shareholder Meeting Agenda Handbook, submission deadlines follow the relevant regulations.
The amendment also clarifies Hard copies (duplicates) of the annual report: listed companies must submit copies to the Taiwan Stock Exchange, and OTC-traded companies to the Taipei Exchange (TPEx). Previously, the 14-day submission applied only to companies meeting certain capital or foreign shareholding thresholds; it now applies universally to all listed and OTC companies, with clearer categorization of submission deadlines.
Overall, the revision improves consistency and transparency in annual report submission, enhances shareholders’ access to decision-making information, and supports corporate governance and sustainable development objectives.
