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The issuer shall submit related materials to the TSEC in accordance with the following provisions:
(1) Following the TSEC's issuance of documents for approval of the issuance plan for call (put) warrants, the issuer shall enter into the TSEC designated website for information disclosure its public announcement of issuance of call (put) warrants. After completion of sale of warrants and approval of the listing agreement by the competent authority, the issuer shall, at least two business days prior to the projected listing date, submit the warrant holder distribution information (Appendix 11) and a roster of warrant holders, and consult with the TSEC on the projected listing, with a projected listing date that may not be later than ten business days after the date of consultation with the TSEC.
After completion of all necessary arrangements for listing with the TSEC, the issuer shall pay the yearly listing fee and the performance bond to the TSEC.
The amount of the performance bond referred to in the preceding paragraph shall vary with the issuer's credit rating and the total amount of the issue as follows:
(i) Those obtaining a rating of "A" or above from Taiwan Ratings, Moody's Investors Service, Standard & Poor's Corp., or Fitch Inc., or a rating of A (twn) or above from Fitch Ratings Limited, Taiwan Branch, or a rating of A.tw from Moody's Investors Service: For issue amounts less than NT$20 million, a bond of NT$2 million shall be paid to the TSEC prior to the listing or each call (put) warrant issue; for issue amounts from NT$20 million to not more than NT$60 million, a bond of NT$5 million shall be paid to the TSEC prior to the listing of each call (put) warrant issue; for issue amounts greater than NT$60 million, a bond of NT$6 million shall be paid to the TSEC prior to the listing or each call (put) warrant issue.
(ii) Those obtaining a rating of "BBB" or above from Taiwan Ratings, a rating of BBB- (twn) or above from Fitch Ratings Limited, Taiwan Branch or a rating of Baa1.tw, Baa2.tw, Baa3.tw or above or Baa1, Baa2, or Baa3 from Moody's Investors Service, "BBB" from Standard & Poor's Corp., or "BBB" from Fitch Inc.: For issue amounts less than NT$20 million, a bond of NT$6 million shall be paid to the TSEC prior to the listing or each call (put) warrant issue; for issue amounts from NT$20 million to not more than NT$60 million, a bond of NT$10 million shall be paid to the TSEC prior to the listing of each call (put) warrant issue; for issue amounts greater than NT$60 million, a bond of NT$12 million shall be paid to the TSEC prior to the listing or each call (put) warrant issue.
(iii) Those receiving a definite rating aside from those listed in the two preceding subparagraphs: For issue amounts less than NT$20 million, a bond of NT$15 million shall be paid to the TSEC prior to the listing or each call (put) warrant issue; for issue amounts from NT$20 million to not more than NT$60 million, a bond of NT$20 million shall be paid to the TSEC prior to the listing of each call (put) warrant issue; for issue amounts greater than NT$60 million, a bond of NT$25 million shall be paid to the TSEC prior to the listing or each call (put) warrant issue.
The performance bond payable by the issuer may be deposited in the form of a bank guarantee. Before contacting the TSEC to make the arrangements for listing, the issuer shall first carry out the guarantee Rules with a bank, and deliver the original letter of guarantee to the TSEC. However, the guaranteeing bank may not be an affiliate of the issuer nor may it and the issuer belong to the same financial holding company.
Yearly market listing fees shall be determined by the mutatis mutandis application of the provisions for collection of company stock fees under the TSEC Schedule of Securities Listing Fees.
(2) After the issuer has made arrangements for the projected listing date, the TSEC shall undertake matters related to the public announcement for listing following its review of the application and related attachments. If review finds that the issue does not conform to listing requirements, the relevant documentation shall be submitted to the competent authority for hanlding.
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