Fri, Jan 18, 2013 - Page 3 News List

NCC working to regulate stock market broadcasts

By Shelley Shan  /  Staff reporter

The National Communications Commission (NCC) yesterday said it would work with the Financial Supervisory Commission (FSC) to regulate stock market analysis broadcasts on TV.

On Wednesday the commission met to discuss guidelines that TV stations will need to follow for programs providing analysis of securities and futures investment.

NCC spokesperson Yu Hsiao-cheng (虞孝成) said the guidelines would require TV stations to disclose the qualifications of program guests giving comment or offering analysis.

If the program airs at times when stock market trading is still active, an hour before the market opens or an hour after the market closes, commentators must be restricted to those employed by legal financial investment firms.

The program must also display warnings at its end, such as notices saying that investors bear investment risks. Audiences must also be warned if a guest is not a financial investment professional.

Yu said the content of such programs must follow broadcasting or other relevant regulations.

To broadcast programs that offer stock market analysis, a TV station must first obtain a broadcasting license and then secure approval from the FSC, which lists the types of investments approved by the government.

Programs must also clearly separate content from advertisement, Yu added.

According to the NCC, there are already rules regulating such TV content, but they are spread over a variety of regulations and acts so it was decided to consolidate them after discussions with FSC officials.

“A majority of the content in the guidelines is provided by the FSC. The latter will announce the final version of the guidelines,” Yu said.

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