Taiwan Depository & Clearing Corporation

As April unfolds, the filing and preparatory work for annual general meetings (AGMs) of TWSE-listed, TPEx-listed, and Emerging Stock companies have entered their busiest peak period. According to statistics, among more than 2,300 publicly filed companies in Taiwan, over 700 companies (more than 30%) are scheduled to hold their AGMs in late May. It is required that all agenda information and director candidate lists have to be manually entered into the eVoting platform by transfer agents 30 days prior to the meeting. Furthermore, to serve international clients, foreign custodian banks had to simultaneously undertake complex labor-intensive English translations and coordination. Consequently, all relevant operational units have faced severe time pressure and administrative burdens starting every April.

Implementing "Single Source, Multiple Uses": Integrating MOPS for Automated Data Synchronization

In active response to the recommendations for shareholder meeting agenda standardization in the "2023 Taiwan White Paper" by the American Chamber of Commerce in Taiwan (AmCham Taiwan), the Taiwan Depository & Clearing Corporation (TDCC) has officially integrated the "Market Observation Post System (MOPS)" from the Taiwan Stock Exchange. This major optimization mechanism aims to address the aforementioned operational pain points. The core of this upgrade lies in ensuring data source consistency. Through deep system integration, agenda and candidate information for over 2,300 companies can now be directly imported into the eVoting platform. This effectively eliminates the need for transfer agents to perform repetitive manual entries under tight deadlines, significantly reducing administrative loads while enhancing the accuracy of information disclosure.

Enhancing Operational Efficiency: Launch of Standardized English Agenda Production

To meet the practical needs of foreign custodian banks for Straight-Through Processing (STP) in cross-border voting, TDCC has simultaneously upgraded the processing functions for English agendas and candidate lists. Previously, custodian banks had to invest significant manpower in April for manual translation and cross-institutional consistency checks. Now, through automated workflows, the system can directly generate standardized English agendas that comply with the upload formats required by foreign custodians, drastically simplifying the translation and operational process. This initiative not only facilitates foreign investor participation in Taiwan’s capital market but also helps custodians precisely meet their operational deadlines. This mechanism was officially launched on March 23.

Strengthening Digital Infrastructure: Building an Efficient, Transparent, and Resilient Market Environment

Huang Te-ping, Director, Head of Issuer Service Department at TDCC, pointed out that this data integration initiative is a significant milestone in the digitalization of Taiwan's capital market infrastructure. It demonstrates TDCC's commitment to market standardization. By leveraging technological capabilities to enhance overall market efficiency, this move will strengthen the international competitiveness of Taiwan's capital market. Looking ahead, TDCC will continue to deepen its alignment with international standards to build a more comprehensive, transparent, and efficient financial service ecosystem.