New stock name rules to become effective on June 27

Focus Taiwan
Date: 2016/06/18
By: Tien Yu-pin and Frances Huang

Taipei, June 17 (CNA) New rules governing the abbreviations of local stock names are scheduled to take effect on June 27, according to the Taiwan Stock Exchange (TWSE).

The TWSE, which operates Taiwan’s main stock market, said the new rules will expand companies’ stock abbreviation to 16 digital bits from the current six, which represent only three Chinese characters or six English letters at most.

The exchange is adopting longer abbreviations to provide more information to investors about the stocks, the TWSE said.

Because the numerical stock codes for each stock will remain unchanged, however, the new stock abbreviation rules will not affect the process used by investors to place orders, the TWSE said.     [FULL  STORY]