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Taiwan Stock Exchange Corporation Rules Governing Review of Call (Put) Warrant Listings  CH

Amended Date: 2021.06.11 (Articles 10 amended,English version coming soon)
Current English version amended on 2020.12.24 
Categories: Primary Market > Review
   Chapter 2 Issuer Qualifications and Applications
Article 3    Applicants seeking approval by the Taiwan Stock Exchange Corporation (hereafter, "the TWSE") for qualification as a call (put) warrants issuer shall prepare an Application for Approval as a Qualified Call (Put) Warrants Issuer, filled out in full and with the required documents attached for submission to the TWSE. Following review and approval of the application by the TWSE in accordance with the Issuance Regulations, these Rules, and the TWSE Procedures for Review of Call (Put) Warrant Listings, the TWSE shall submit the application, along with the TWSE review opinion, to the competent authority for review.
    The TWSE Procedures for Review of Call (Put) Warrant Listings referred to in the preceding paragraph shall be adopted by the TWSE, and enforced after ratification by the competent authority.
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Article 4    A domestic issuer applying to the TWSE for accreditation as a qualified issuer of call (put) warrants shall conform to Article 3, paragraph 1 and Article 5, paragraph 2 of the Issuance Regulations.
    A foreign issuer applying to the TWSE for accreditation as a qualified issuer of call (put) warrants shall conform to Article 3, and Article 5, paragraphs 3 and 4, of the Issuance Regulations.
    The TWSE may withhold approval for an application made to it for accreditation as a qualified issuer of call (put) warrants upon discovering that the application fails to conform to the preceding two paragraphs or that any of the circumstances in the subparagraphs of Article 7 of the Issuance Regulations applies.
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Article 5    (Deleted)
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Article 6    Where the issuer entrusts another institution with hedging operations, the risk management institution shall have a net worth of at least NT$1 billion as stated in its financial report and shall have a credit rating that conforms to Article 5, paragraph 3, subparagraph 2 of the Issuance Regulations.
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Article 7    Where the issuer or the risk-management institution is a foreign institution or the subsidiary of an ROC financial holding company, it may obtain a credit rating as a group holding company, and the holding company may provide an unconditional and irrevocable guaranty, however, the credit rating of the holding company must conform to Article 5, paragraph 3, subparagraph 2 of the Issuance Regulations.
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