| Title： |
Operational Procedures for the Review of Foreign Securities for Listing by the Taiwan Stock Exchange Corporation(2009.01.17) |
| Date： |
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A foreign issuer and its agent institution or depositary institution in the Republic of China applying to list stocks, Taiwan depositary receipts, or bonds it has issued shall, in accordance with the rules of the TWSE, fill out in full an Application for Market Listing of Taiwan Depositary Receipts, Application for Primary Listing of Foreign Stocks, Application for Secondary Listing of Foreign Stocks, or Application for Market Listing of Foreign Bonds (Appendices 1 – 3), and submit them along with proper documentation to the appropriate office of the TWSE for certification of receipt, whereupon, following registration and assignation of a case number, they shall be distributed to the Administration Department for processing. The Administration Department shall appoint specific employees or a task force of two or more persons who will be responsible for handling each application in sequence after approval by the manager of the Administration Department. Following distribution, the undertaking employee shall immediately acknowledge receipt of the application by signing the Administration Department’s registration ledger, take appropriate custody of the application and supporting documents and notify the Competent Authority in writing.
A foreign issuer applying for secondary listing of stocks or for sponsoring issuance of Taiwan depositary receipts by a depositary institution pursuant to Article 27-1 of the Rules Governing Review of Securities Listings, or applying for primary listing of stocks pursuant to Article 28-1 of the same Rules, shall apply to the TWSE for an unequivocal opinion form indicating that the company is a technology enterprise and has successfully developed products or technology and those products or technology are moreover marketable, and shall also pay in advance an application review fee payable to the Ministry of Economic Affairs Industrial Development Bureau or the TWSE-designated professional institution, and forward a carbon copy and relevant documents to the Ministry of Economic Affairs Industrial Development Bureau or the TWSE-designated professional institution. After receiving the opinion form, the management shall request by letter the Ministry of Economic Affairs Industrial Development Bureau or the
TWSE-designated professional institution to express an opinion. Only when the TWSE has received the unequivocal opinion from the Ministry of Economic Affairs Industrial Development Bureau or the TWSE-designated professional institution indicating that the company is a technology enterprise and has successfully developed products and technology and those products or technology are moreover marketable, and has notified the foreign issuer by letter, may the foreign issuer submit the application for listing.
The foreign issuer shall submit the application within one year from the date the aforementioned Ministry of Economic Affairs Industrial Development Bureau or the TWSE-designated professional institution issues its review opinion, and, if the deadline has been passed, shall re-apply to the TWSE.
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