金融監督管理委員會（下稱金管會）於2025年7月24日修正公布「公開發行公司取得或處分資產處理準則」(下稱處理準則)第31、35條規定，以針對實收資本額達新臺幣五百億元以上之公開發行公司，放寬其應公開申報取得或出售之資產等。本次修正重點如下：

1.   考量公開發行公司取得或處分供營業使用之設備屬於正常營運行為，並且考量資訊揭露重大性原則，爰修正放寬實收資本額達新臺幣五百億元以上之公開發行公司，於交易金額達公司實收資本額百分之五以上者，始須辦理公開申報。

2.   考量鑑於公開發行公司有透過投資固定收益債券進行資金調節以提升現金收益率之需求，並且考量資訊揭露重大性原則，衡酌商品風險屬性，亦修正放寬實收資本額達新臺幣五百億元之公司與非關係人於證券交易所或證券商營業處所買賣之公債、普通公司債及未涉及股權之一般金融債券(不含次順位債券)，於交易金額達公司實收資本額百分之五以上者，始須辦理公開申報。

3.   配合上開兩點關於實收資本額達新臺幣五百億元以上公開發行公司之相關修正，亦明訂公司股票無面額、或每股面額非屬新台幣十元者，其實收資本額百分之五及實收資本額達新台幣五百億元之交易金額之計算方式。

本次修正自發布日施行。金管會表示，經由本次放寬措施，應可簡化公開發行公司取得或處分資產申報作業之負擔，且預計將減少未來重訊之數量。

另，為配合本次修正，公開發行公司應提交董事會通過，送交監察人並提報股東會同意，以為相應調整原公司內部之「取得或處分資產處理程序」以資適法因應調整。



On July 24, 2025, the Financial Supervisory Commission (the “FSC”) amended Articles 31 and 35 of the Regulations Governing the Acquisition and Disposal of Assets by Public Companies (the “Regulations”), relaxing certain public disclosure and reporting requirements for public companies with paid-in capital of NT$50 billion or more in relation to the acquisition or disposal of assets. Key points of the amendments are summarized as follows:

1.    In consideration that the acquisition or disposal of equipment used for business operations by a public company constitutes part of its normal course of business, and in line with the principle of material information disclosure, the Regulations have been amended to relax the public disclosure requirement for public companies with paid-in capital of NT$50 billion or more. Such companies are now required to make a public filing only when the transaction amount reaches 5% or more of the company’s paid-in capital.

2.    In recognition of the need for public companies to engage in cash management and enhance cash yield through investments in fixed-income bonds, and in line with the principle of material information disclosure while taking into account the risk characteristics of such products, the Regulations have also been amended to relax the reporting requirement for companies with paid-in capital of NT$50 billion or more. Specifically, transactions involving government bonds, straight corporate bonds, and general financial bonds without equity features (excluding subordinated bonds) that are traded with non-related parties on the stock exchange or over the counter through securities firms are now required to be publicly reported only when the transaction amount reaches 5% or more of the company’s paid-in capital.

3.    In line with the above two amendments applicable to public companies with paid-in capital of NT$50 billion or more, the Regulations further clarify the calculation methods for determining (i) the 5% threshold of paid-in capital and (ii) the transaction amount equivalent to NT$50 billion of paid-in capital, in cases where a company has no par value shares or where the par value per share is not NT$10.

These amendments take effect from the date of promulgation. According to the FSC, the relaxation measures are expected to simplify the reporting procedures for public companies when acquiring or disposing of assets and are anticipated to reduce the number of future material information disclosures.

In addition, to comply with the amendments, public companies must obtain approval of their board of directors, submit the revised procedures to supervisors, and present them to the shareholders’ meeting for approval, so as to make corresponding adjustments to their internal “Procedures for Acquisition or Disposal of Assets” to ensure legal compliance.