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Taiwan Stock Exchange Corporation Procedures for Review of Securities Listings
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Taiwan Stock Exchange Corporation Procedures for Review of Securities Listings(2010.10.08)
When the Review Committee convenes, reviews shall conducted for the following in accordance with the TWSE's Regulations for Review of Securities Listings and other relevant laws, regulations, and materials:
(1) Initial stock listing applications free of any of the conditions provided in any of the Sub-paragraphs of Paragraph 1 of Article 9 of the Regulations for Review of Securities Listings and violating no relevant provisions of the same Regulations shall require approval of a simple majority of the Review Committee members present.
(2) Initial stock listing applications meeting any one of the conditions provided in any of the sub-paragraphs of Article 9, Paragraph 1, other than subparagraphs 8 to 10, or in Article 18, Paragraph 2 of the TWSE's Regulations for Review of Securities Listings, or applications and reapplications in violation of applicable provisions of the same Regulations shall require approval of a two-thirds majority (inclusive) of Review Committee members present; however, the committee shall specify their overall considerations and concrete reasons for granting listing approval.
(3) Where approval for listing has been granted by resolution of the Review Committee, the case shall be recorded and submitted to the Board of Directors. Where a decision is made to submit the application to the Board of Directors following submission of supplementary materials, the applicant company shall be notified in writing of a deadline by which the supplementation shall be completed, at which time the application shall be submitted to the Board of Directors. Where listing approval is denied by a resolution, signed approval of the TWSE's president shall be obtained and the application rejected outright.
Applications submitted for reconsideration after rejection by the Board of Directors or the competent authority shall be handled in accordance with the preceding paragraph.
Resolution：1024 x 768
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English version of regulations are translated by Baker McKenzie Taipei Office.