Chapter 4 - Listing of Exchange Traded Notes |
| Article 12 | When issuing ETNs, a securities firm, after its application to the competent authority takes effect, shall prepare the application for listing of its ETNs at the exchange and required documents and forms to be submitted to the TWSE to apply for listing and trading prior to issuance of ETNs.
If, after the review of the documents and forms, the TWSE has determined all required documents have been submitted and the applicant does not have any circumstances under Article 11 of the Issuance Regulations, the TWSE shall sign a listing contract with the securities firm and report the case to the competent authority for recordation. If, however, the above requirements are not met, the TWSE may reject its application for listing and report the rejection to the competent authority for recordation.
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| Article 13 | If, after a securities firm and the TWSE have signed a listing contract and before listing and trading of the ENTs begin, one of the following circumstances is found with supporting fact and evidence, the TWSE may revoke the listing contract that has taken effect, and report the revocation to the competent authority for recordation:
- The securities firm has the circumstances under Article 11 of the Issuance Regulations for which the competent authority revokes or withdraws its valid application.
- Other circumstances for which the TWSE advises against listing of its ETNs.
For the issued ETNs in the preceding paragraph, the securities firm shall return the price, plus interest incurred in accordance with law, within 10 days of receipt of the TWSE's notice to rescind the listing contract.
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| Article 14 | When issuing ETNs or issuing additional ETNs, the securities firm, after its application to the competent authority takes effect, may appoint a securities underwriter to underwrite the ETNs or engage in the dealing, and deliver the prospectus and summary prospectus to the securities underwriter and investors, except when investors buy the ETNs at the securities exchange market.
Templates of the prospectus and summary prospectus in the preceding paragraph will be established jointly by the TWSE and Taipei Exchange, and shall come into force after being approved by the competent authority.
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| Article 15 | The securities firm shall deposit the performance bond based on the ETNs issued and outstanding on the last business day of the previous month by the 10th day of a month.
The performance bond in the preceding paragraph shall be deposited in such manner as described in the Regulations Governing Performance Bond Required for Issuance and Additional Issuance of Exchange Traded Notes by Securities Firm, jointly established by the TWSE and Taipei Exchange.
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