Taishin Financial : FHC to announce on behalf of Securities Co.,Ltd. for the punishment decided by FSC
June 16, 2017 at 06:50 am EDT
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Taishin FHC to announce on behalf of Taishin Securities Co.,Ltd. for the punishment decided by FSC
1.Date of occurrence of the event:2017/06/16
2.Circumstances of the violation: Upon the the special inspection of CB asset swap transactions made by Far Eastern International Bank, Financial
Examination Bureau, FSC, R.O.C.,found a defect by Taishin Securities Co., Ltd. which violate Articles 28-1 of Regulations Governing Securities Firms.
3.Amount of administrative fines:N/A
4.Status of the disposition by said competent authority: According to Paragraph 1 of the Article 66 of Securities and Exchange Act, a warning is imposed to Taishin Securities Co., Ltd.
5.Intended remedial measures: Strengthening internal Management through internal law advocacy education and job training
6.Effect on the Company's business operations:No significant impact
7.Any other matters that need to be specified:N/A
Taishin Financial Holding Co. Ltd. published this content on 16 June 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 16 June 2017 10:50:06 UTC.
Original documenthttps://www.taishinholdings.com.tw/english/Investors/index.jsp?rowId=2944
Public permalinkhttp://www.publicnow.com/view/34142965FB8D6B52C766D34363F621AF4A5B218A
Taishin Financial Holding Co Ltd is a Taiwan-based financial holding company principally engaged in the investment and management of its subsidiaries. The Company operates through three business segments. The Banking Businesses segment is mainly engaged in the wealth management, consumer financing, corporate financing, electronic financing, credit cards and trust businesses. The Securities Businesses segment is mainly engaged in the securities brokerage and proprietary trading businesses, as well as the provision of consulting and underwriting services. The Others segment is mainly engaged in the provision of management services for group companies. The Company is also involved in the futures trading, venture capital, insurance brokerage and other finance related businesses.