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4-1
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After accepting the application for processing, the case-handling unit shall retain an outside reviewer possessing field-specific expertise to give a consulting opinion on the matter as provided for in the Table of Consultation Matters to be Referred to Field Expert. If questions arise relating to financial, accounting, or legal matters, the case-handling unit may also retain outside financial, accounting, and/or legal professionals to give a written opinion.
The consulting opinions referred to in the preceding paragraph shall be delivered to this Corporation 15 days before the Review Committee meets.
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16
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Documentary Review
(1) The case handlers shall draft a proposal with respect to the complete review findings and submit it to the Review Committee for reference during the review and deliberation of the case.
(2) Where the case-handling unit's inspection finds an applicant company to fall under any of the conditions set forth in Article 9, Paragraph 1 of this Corporation's Regulations for Review of Securities Listings or to violate any other applicable provisions of the same Criteria, it shall give an explicit review opinion in the review report that either disagrees to listing or, except in cases where the applicant company falls under any of the conditions set forth in Article 9, Paragraph 1, Subparagraphs 8, 10, and 11 of the said Regulations or is in violation of the provisions of Article 18 or Article 19 of the said Regulations, may agree to listing after overall consideration of the totality of factors.
(3) The review findings report, proposal information, applicant company's certified public accountant's audit report (including financial report), and outside reviewer's consulting opinion shall be sealed by chop as confidential and submitted to each Review Committee member for evaluation no less than five days prior to the convening of the Review Committee. Each Review Committee member shall complete a review opinion chart listing their opinions regarding each item and specifying any questions they may have and submit the review opinion chart to the Listing Department two days before the Review Committee convenes. The Listing Department shall designate a person to be responsible for compiling the all materials and maintaining appropriate confidentiality, and the materials shall be reviewed when the Review Committee convenes. The meeting sequence and order in which cases submitted during a given month shall be reviewed shall in principle be based on the serial number assigned to each listing application in the order they are received.
(4) This Corporation shall, beginning three days prior to the convening of the Review Committee and at a specified location, make available for inspection by any member of the Review Committee the applicant company's relevant listing information, the case handler's audit report working papers, the certified public accountant's audit report working papers, and the underwriter's assessment working papers and guidance plan. Review committee members that so require shall appear in person to inspect the documents.
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17
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Convening of Review Committee Meetings
(1) When the Review Committee convenes, in addition to the presence of Review Committee members, relevant review personnel from the Listing Department shall also attend.
(2) When the Review Committee convenes, this Corporation may request representatives of the applicant company, the lead securities underwriter, and the certifying certified public accountant to first submit reports and may request those same individuals to appear for questioning and supplementary explanation. When necessary, upon signed approval by this Corporation's president, experts in related fields may be asked to provide written consultation or appear for oral consultation.
(3) Rules relating to this Corporation's securities listings Review Committee shall be separately promulgated by this Corporation.
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