More firms to file reports in EnglishBy Kao Shih-ching / Staff reporterA total of 657 companies listed on the Taiwan Stock Exchange (TWSE) and the Taipei Exchange (TPEX) are this year required to upload their annual reports in English before their annual shareholders’ meetings, the Financial Supervisory Commission (FSC) said on Thursday. The requirements are stricter than last year, when the commission demanded that only companies with paid-in capital of NT$10 billion or more must prepare reports in English. Securities and Futures Bureau Deputy Director-General Tsai Li-ling speaks at a news conference in Taipei on Feb. 13, 2018. Photo: Kelson Wang, Taipei TimesAs a result, 657 firms — 518 TWSE-listed companies and 139 TPEX-listed firms — need to provide English-language reports this year, from 351 firms last year, the commission said. From 2023, all TWSE-listed companies and TPEX-listed firms with paid-in capital of NT$600 million would be required to have their annual reports in English for investors, Securities and Futures Bureau Deputy Director-General Tsai Li-ling (蔡麗玲) said.

Source: Taipei Times March 14, 2021 15:56 UTC