Upon the approval of the TWSE for listing of securities by an Issuing Company, and the approval of the Competent Authority of the Agreement for Listing, such company shall be a listed company. In addition to the payment of listing fees in accordance with the Agreement for Listing, upon the notice of the TWSE, such Issuing Company shall upload an electronic file of the prospectus onto the Internet information reporting system designated by the TWSE and shall deliver a physical copy of the full prospectus to the TWSE for its distribution to securities firms. Further, one day prior to the listing of such securities, the Listing Company shall report information related to the listing to the Internet information reporting system designated by the TWSE, and shall send the downloaded information to the TWSE.
The public announcement referred to in the preceding paragraph shall include the name of the company, type of listed securities, volume, rights, obligations, date of listing, date, and document reference number of listing approval letter issued by the Competent Authority, name of the agency handling share transfer matters, name of the underwriter, underwriting period, price, volume, and other matters to be publicly announced.
Where the stocks of companies applying for initial listing were not completely sold within three months from the date the approval for Agreement for Listing was obtained from the Competent Authority pursuant to paragraph 1 of this Article, its listing shall be cancelled. However, with valid reasons, and upon the approval of the TWSE and the Competent Authority, the period may be extended for a single term of three additional months. The suspension period referred to in paragraph 4 shall not be counted.
Before the listing of stocks by an Issuing Company, if it is discovered that, before or subsequent to the effectiveness of the Agreement for Listing, valid facts show that any of the inappropriate circumstances for listing enumerated in the Rules Governing the Review of Securities Listings has occurred, the TWSE may suspend the listing of the securities, and conduct an investigation, and report to the Competent Authority. In the event the listing company refuses the investigation of the TWSE or refuses to supply the necessary information, or it is confirmed that it is inappropriate for listing, the TWSE may, upon approval of the Competent Authority, revoke its Agreement for Listing or delist its stock. In the event it is shown that there are no inappropriate circumstances for listing, the TWSE may, upon report to the Competent Authority, notify the company to resume the listing process. While the unsuitability of listing has not been confirmed, the TWSE may continue to suspend the listing of such securities.
The listed securities shall be assigned by the TWSE a code number, and an abbreviated name for uniform usage.
The provisions of paragraphs 1, 2, and 5 of this Article shall apply mutatis mutandis to applications by SITEs for listing of beneficial certificates, applications by foreign issuers and their depositary institutions for listing of Taiwan Depositary Receipts, and applications by foreign issuers for secondary listings of stocks or listings of bonds.
If a foreign issuer applies to list stocks on a primary listing basis and its application is reviewed and approved by the TWSE, then after its listing contract is submitted to and approved by the Competent Authority and becomes effective, that company is deemed a primary-listed company, and except as otherwise provided shall be subject mutatis mutandis to the provisions of this Chapter regarding an exchange-listed company.
The governing of foreign issuers referred to in the preceding paragraph following the listing of their stocks, and other relevant matters, shall be prescribed separately in other rules and bylaws by the TWSE.