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友善列印
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Article NO. Content

Title:

Operational Procedures for the Review of Foreign Securities for Listing by the Taiwan Stock Exchange Corporation  CH

Amended Date: 2019.12.23 
Categories: Primary Market > Review
Article 3     A foreign issuer and its agent institution or depositary institution in the Republic of China applying to list stocks, Taiwan depositary receipts (TDRs), or bonds it has issued shall, in accordance with the rules of the TWSE, fill out in full an Application for Market Listing of Taiwan Depositary Receipts, Application for Primary Listing of Foreign Stocks, Application for Secondary Listing of Foreign Stocks, or Application for Market Listing of Foreign Bonds (Attachments 1 to 3), and submit them along with proper documentation to the appropriate office of the TWSE for certification of receipt, whereupon, following registration and assignation of a case number, they shall be distributed to the Administration Department for processing. The Administration Department shall arrange an efficient deployment of human resources under its authority, appointing specific personnel or a task force of two or more persons. Following distribution, the case handlers shall take appropriate custody of the application and supporting documents.
    A foreign issuer applying for primary listing of stocks pursuant to Article 28-1, paragraph 2 of the Rules Governing Review of Securities Listings shall pay in advance an application review fee payable to the Ministry of Economic Affairs, Council of Agriculture, Executive Yuan, or the TWSE-designated professional institution, and forward a carbon copy and relevant documents to the Ministry of Economic Affairs, Council of Agriculture, Executive Yuan, or the TWSE-designated professional institution. After receiving the opinion form, the management shall request by letter the Ministry of Economic Affairs, Council of Agriculture, Executive Yuan, or the TWSE-designated professional institution to express an opinion. Only when the TWSE has received the appraisal opinion from the Ministry of Economic Affairs Industrial Development Bureau, Council of Agriculture, Executive Yuan, or the TWSE-designated professional institution and has notified the foreign issuer by letter, may the foreign issuer submit the application for listing.
    The foreign issuer shall submit the application within 1 year from the date the aforementioned Ministry of Economic Affairs, Council of Agriculture, Executive Yuan, or the TWSE-designated professional institution issues its review opinion, and, if the deadline has been passed, shall re-apply to the TWSE.
    Applications for secondary listing of stocks or for sponsoring issuance of TDRs by a depositary institution pursuant to Article 27-1 of the Rules Governing Review of Securities Listings are governed by the preceding two paragraphs mutatis mutandis.