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Taiwan Stock Exchange Corporation Rules Governing Review of Listing of Exchange Traded Notes(2021.07.16) |
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Article 4
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Before filing with the competent authority for issuance of an ETN where the underlying index of the ETN, of which it applies for listing, is not compiled by the TWSE, or by Taiwan Index Plus Corporation as wholly owned by the TWSE, either alone or with other institution, a securities firm shall submit an application form for acceptance of qualifications of underlying indexes of ETNs, stating the particulars to be specified, and the enclosed documents to the TWSE to seek an approval letter. The TWSE will review the application in accordance with the Issuance Regulations, these Rules, the TWSE Procedures for Review of Listing of Exchange Traded Notes, and the TWSE's other applicable regulations. If the TWSE accepts the application after the review, it will issue an approval letter for accreditation as a qualified underlying index, with a copy to the competent authority.
A securities firm that is in the circumstances provided in Article 20 or 21 or is otherwise prohibited by the TWSE from applying for listing of its ETNs shall not file an application for determination of qualification of the underlying indexes of the ETNs to the TWSE during the restriction period.
The Procedures for Review of Listing of Exchange Traded Notes will be established by the TWSE and come into force after being approved by the competent authority for recordation.
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Article 4-1
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Before filing with the competent authority for issuance of an ETN where the underlying index of the ETN, of which it applies for listing, is compiled by the TWSE, or by Taiwan Index Plus Corporation as wholly owned by the TWSE, either alone or with other institutions, a securities firm shall submit, in accordance with the TWSE Procedures for Review of Listing of Exchange Traded Notes, the relevant documents to the TWSE for recordation. If the documents are in order, the TWSE will immediately issue an approval letter for recordation, with a copy to the competent authority.
The second paragraph of the preceding article applies mutatis mutandis to an application for recordation filed by a securities firm with the TWSE in accordance with the preceding paragraph.
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Article 7
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Within three months of being notified by the TWSE in writing of issue of the approval letter for accreditation as a qualified underlying index or approval letter for recordation, the securities firm shall report its issuance of ETNs to the competent authority. Failure to apply for issuance within the above time will invalidate its approval letter for accreditation as a qualified underlying index or approval letter for recordation, except where a request for extension with a legitimate reason is made, in which case the TWSE may agree to extend the deadline for three months which will be a one-time only extension.
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