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Amendments

Title:

Taiwan Stock Exchange Corporation Rules Governing Review of Securities Listings  CH

Amended Date: 2021.04.07 (Articles 28-2, 28-4, 28-7 amended,English version coming soon)
Current English version amended on 2020.03.30 
Categories: Primary Market > Review

Title: Taiwan Stock Exchange Corporation Rules Governing Review of Securities Listings(2016.03.08)
Date:
Article 23     Where a securities investment trust enterprise applies for the listing of a domestic closed-end mutual fund raised by the securities investment trust enterprise which complies with the following requirements and has been approved for public offering, the TWSE may agree to the listing of its beneficiary certificates:
  1. The total issuing amount of the mutual fund is NT$2 billion or more.
  2. The number of holders of such mutual fund holding beneficial units of NT$1 million or less shall not be less than 1,000, and the total amount of all beneficial units held by such holders shall not be less than NT$400 million.
    Where a domestic securities investment trust enterprise (SITE) or futures trust enterprise applies for the listing of an exchange traded fund (ETF) or exchange-traded futures trust fund (futures ETF) raised by it which has been publicly offered and established by it with the approval from the Competent Authority, and which has a minimum net asset value of NT$200 million, the TWSE may agree to the listing of its beneficiary certificates, unless otherwise provided by the TWSE
    With respect to the ETF or futures ETF that the domestic SITE or futures trust enterprise referred to in the preceding paragraph plans to issue, unless the index that the ETF tracks, simulates, or replicates is an index compiled by the TWSE or by the TWSE in cooperation with a foreign index compilation company or the ETF is a linked ETF as set forth in Article 37, paragraph 4 of the Regulations Governing Securities Investment Trust Funds, before applying to the Competent Authority for approval to publicly issue the ETF or futures ETF, the SITE or futures trust enterprise shall complete an application and apply to the TWSE for a letter of approval of eligibility to issue an ETF or futures ETF. Directions governing applications for such approval letters shall be prescribed by the TWSE.
    Where a domestic SITE applies for listing of the foreign currency-linked beneficiary certificates of its listed exchange-traded funds, the TWSE may agree to the listingsubject to approval of the competent authority if the minimum conversion quantity of such foreign currency-linked beneficiary certificates reaches a purchase and redemption unit or more,unless the TWSE otherwise stipulates.
    Where a domestic SITE applies for listing of its exchange traded funds that it issues, together with the foreign currency-linked beneficiary certificates, said funds and certificates shall conform to paragraph 2 and the preceding paragraph respectively.