As amended on September 22, 2014, the Foreign Issuer Regulations allow the FSC to assign to the TWSE or the GTSM (as the case may be) the task of reviewing  issuance of shares for cash pursuant to an initial listing of a company’s shares on the TWSE or the GTSM.  These share issuances, also known as “F-shares”, are currently reviewed by the FSC itself, but will be reviewed by the TWSE or GTSM in the future.  In addition, to protect investors’ rights, the amendment also grants the FSC the power to revoke or cancel the issuer’s issuance of securities in the name of protecting the public interest.