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Article 5-2
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Where a futures ETF that it issues conforms to the following circumstances, an FTE may, upon obtaining a resolution from its board of directors, complete a “Suspension of Trading Application” and submit the same along with relevant documents to the TWSE to apply for suspension of trading of the beneficial certificates of the aforementioned futures ETF on the centralized trading market during periods when the original market of the foreign futures contracts of the components of the underlying index is closed:
- where the original market of the foreign futures contracts of the components of the fund’s underlying index is closed but the centralized trading market continues trading for five consecutive business days (inclusive) or more.
- where the fund’s net asset value on the most recent business day as obtainable by calculation is less than or equal to NT$3 billion; or where the premium/discount rate for the two business days prior to the application date is equal to or exceeds three percent (inclusive) on both days.
The application under the preceding paragraph shall be submitted by the FTE at least four business days prior to the closure of the original market of the foreign futures contracts of the components of the fund’s underlying index.
The term “the original market of the foreign futures contracts of the components of the fund’s underlying index” in paragraph 1, subparagraph 1 refers to a market where the components of the underlying index in which the fund invests account for 60 percent (inclusive) or more of the fund’s net asset value.
If the FTE makes an application in accordance with paragraphs 1 and 2 and meets the requirements for suspension of trading, the TWSE may announce the suspension of trading of the beneficial certificates of the futures ETF concerned on the centralized trading market.
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