Central News Agency (CNA) - The Financial Supervisory Commission (FSC) announced today that considering the current paper-based submission of proxy solicitation information for shareholder meetings to companies and copies to the Securities and Futures Institute, which incurs significant labor costs, it has announced amendments to the "Regulations Governing the Use of Proxies by Publicly Issuing Companies for Shareholder Meetings." The paper-based submission will be replaced by electronic submission. As of the end of June, 3,190 publicly issuing companies are subject to these regulations, and the change is expected to take effect in March 2027. Wang Hsiu-ling, Chief Secretary of the FSC's Securities and Futures Bureau, stated that the current practice of proxy solicitors submitting solicitation information in paper form is not only labor-intensive but also prevents systematic record-keeping. To promote the digitalization of shareholder services, the FSC has drafted amendments to the "Regulations Governing the Use of Proxies by Publicly Issuing Companies for Shareholder Meetings" and has opened them for a 60-day public comment period. Wang Hsiu-ling explained that under the current system, solicitors must submit proxy solicitation forms and other related documents in paper to the company and a copy to the Securities and Futures Institute. The Institute must then disclose a summary table of solicitor information on its platform before the meeting. Currently, this information is in PDF format, making structured processing difficult. Wang Hsiu-ling pointed out that this amendment primarily revises 9 articles. After the revision, solicitors will transmit proxy solicitation information electronically to the Taiwan Depository & Clearing Corporation's (TDCC) information reporting website. Companies will then be required to transmit the consolidated solicitor information to the information reporting website to complete the disclosure. Furthermore, Wang Hsiu-ling stated that t