Amendments to the Regulations Governing Public Tender Offers for Securities of Public Companies and the Regulations Governing Information to be Published in Public Tender Offer Prospectuses Promulgated by the Financial Supervisory Commission

To align with the amendment to Paragraph 1, Article 43-1 of the Securities and Exchange Act, which lowers the threshold for reporting and announcing the acquisition of shares to 5%, the Financial Supervisory Commission (the "FSC") has revised Article 27 of the Regulations Governing Public Tender Offers for Securities of Public Companies (the "Tender Offer Rules"). The amendment, which took effect on May 10, 2024, reduces the threshold for exemption from reporting under Paragraph 1, Article 43-1 of the Securities and Exchange Act from the 10% to 5%. ... More