On Aug. 21, TAI EXC revised rules re assignment of ticker symbols.
TAI EXC revisedPrinciples for assignment of ticker symbols in the Republic of China securities markets; to adapt to increasingly active trading and issuance of equity ETFs.
Document dated Aug. 21, 2024, received from TAI EXC Aug. 28, summarized Aug. 30.
Amendments
Modified clause 3 of item 13 to change the symbol for equity ETFs from 5-digits to 6-digits, to avoid shortage of available codes given the growth in number of equity ETFs.
Abbreviations for closed-end funds, ETFs, and futures ETFs now changed to full names.
Effectiveness
The amendments are effective from Nov. 18, 2024.
Oct. 2024 TAI FEX Notice
On Oct. 14, 2024, TAI FEX notified of TAI EXC changing ticker symbols to 6 digits.
In Stage 1, for ETF symbols ranging from 00980 to 00999, sixth digit will distinguish different between ETF types, such as stock-based, bond-based, leveraged/inverse ETFs.
When Stage 1 symbols are exhausted, range 00400-00499 will be used with same principles; when Stage 2 symbols are exhausted, range 00500-00979 will be used.
Follows TAI EXC Sep. 2024 manual on transmission of market information, #77041.
Document dated Oct. 14, 2024, received from TAI EXC Oct. 18, summarized Oct. 22.
