Taiwan Stock Exchange - Rules & Regulations Directory
time:2019/12/07 11:06

Article Content

Title:

Taiwan Stock Exchange Corporation Principles for Time and Agenda Arrangements for Meetings of the Review Committee Concerning Companies' Initial Stock Listing Applications 

Repeal Date: 2016.01.04 
Categories: Primary Market > Review

1
    The meeting schedule and various agenda arrangements for meetings of the Review Committee shall be as follows:

Article 1
    Time of meeting: A written notice shall be sent to all reviewers five business days before the meeting of the Review Committee.

Article 2
    Attendees: reviewers, the applicant company, lead securities underwriter, CPA and the relevant review personnel of the TWSE.

Article 3
    Agenda details and expected duration:
    ┌───┬──────────────────┬───────┐
    │No.   │Agenda Details                      │Expected Time │
    ├───┼──────────────────┼───────┤
    │1     │The applicant company conducts the  │30 minutes    │
    │      │presentation, and the lead          │              │
    │      │securities underwriter and CPA      │              │
    │      │report their evaluation results and │              │
    │      │explain certification opinion.      │              │
    ├───┼──────────────────┼───────┤
    │2     │The applicant company, lead         │30 minutes    │
    │      │securities underwriter and CPA      │              │
    │      │provide explanations to the written │              │
    │      │inquiries submitted by the          │              │
    │      │reviewers.                          │              │
    ├───┼──────────────────┼───────┤
    │3     │The reviewers ask questions.        │40 minutes    │
    │      │(At the end of the session, the     │              │
    │      │applicant company, lead securities  │              │
    │      │underwriter and CPA leave the       │              │
    │      │meeting room.)                      │              │
    ├───┼──────────────────┼───────┤
    │4     │The TWSE provides a general report  │5 minutes     │
    │      │on the case.                        │              │
    ├───┼──────────────────┼───────┤
    │5     │Where necessary, the applicant      │5 minutes     │
    │      │company, securities underwriter and │              │
    │      │CPA may be asked to answer more     │              │
    │      │questions.                          │              │
    ├───┼──────────────────┼───────┤
    │6     │The reviewers decide by name-bearing│10 minutes    │
    │      │ballots and make resolution of      │              │
    │      │approval or disapproval for listing.│              │
    └───┴──────────────────┴───────┘
Article 4
    Expected duration: The time allowed for one listing application is 120 minutes in principle.

Article 5
    No person present at a meeting of the Securities Listing Review Committee shall make any audio or video recording of the proceedings of the meeting.

Data Source:Taiwan Stock Exchange - Rules & Regulations Directory
twse-regulation.twse.com.tw