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Article 1
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These Operating Procedures are established in accordance with Article 45, paragraph 3 of the Operating Rules of the Taiwan Stock Exchange Corporation (TWSE).
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Article 2
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In the event of a split or reverse split of the beneficial certificates of an exchange-traded securities investment trust fund, or an exchange-traded futures trust fund (collectively ETF) managed by a securities investment trust enterprise (SITE) or a futures trust enterprise (FTE), the listing procedures are governed by these Operating Procedures unless otherwise stipulated by laws and regulations.
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Article 3
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In the event of a split or reverse split of the beneficial certificates of a listed ETF, an application shall be made to the TWSE, accompanied by the approval of the competent authority and an application form and a proposal for the split or reverse split, not more than 30 days prior to the date of suspension of changes to the beneficiaries list, and a report shall be made on the Internet information reporting system designated by the TWSE.
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Article 4
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The proposal mentioned in the preceding article shall expressly state the following:
- the ratio of the number of units of beneficial certificates subject to split or reverse split
- that the period of suspension of transfer of beneficial certificates is five days, of which the first, fourth, and fifth days shall be business days, and the second and third days shall be non-business days
- the period of suspension of application for redemption in the primary market and conversion in the secondary market, which shall be from the second business day prior to the date of suspension of transfer of beneficial certificates to the expiration of the transfer suspension period
- the period of suspension of trading of beneficial certificates on the market, which shall be from the second business day prior to the date of suspension of transfer of beneficial certificates to the expiration of the transfer suspension period
- the date of listing of new beneficial certificates for sale, which shall be the business day following the expiration of the period of suspension of transfer of beneficial certificates and be the same date as the record date for the issuance of new beneficial certificates for replacement and the termination date of the listing of beneficial certificates
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Article 5
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These Operating Procedures shall take effect after having been submitted to and approved by the Competent Authority. Subsequent amendments thereto shall be effected in the same manner.
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