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Article 3
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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 Stocksof Foreign Issuers, Application for Primary Listing of Stocksof Foreign Issuers on the Taiwan Innovation Board, 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 administering 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, by following the procedure in one of the following subparagraphs, obtain the appraisal opinion, before it may submit the application for listing:
- Submit its application in accordance with the operating guidelines or applicable regulations established by thecompetent Republic of China (ROC) authority for the relevant industry or the TWSE-designated professional institution, and at the same time pay in advance an application review fee payable to the aforementioned authority or the TWSE-designated professional institution, and forward a carbon copy and relevant documents to the aforementioned authority for the relevant industryor the TWSE-designated professional institution. After receiving the opinion form, the management shall request by letter competent Republic of China (ROC) authority for the relevant industryor the TWSE-designated professional institution to express an opinion. When having received the appraisal opinion, indicating an approval, from aforementioned authority or the TWSE-designated professional institution in the letter, the TWSE has notified the foreign issuer by letter.
- Pursuant to Article 3, paragraph 2 of the Taipei Exchange Procedures for Review of TPEx Trading of Foreign Securities, Taipei Exchange has sent a letter to the competent Republic of China (ROC) authority for the relevant industry or the designated professional institutionseeking their opinion and has received their appraisal opinion, indicating the approval, in a letter.
The foreign issuer shall submit the application within 1 year from the date the appraisal opinion letter in the preceding paragraph, 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.
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