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The TWSE may publicly announce the delisting of listed beneficial securities or asset-backed securities upon the maturity thereof.
Where any of the following events occurs with respect to the trustee institution or special purpose company, the TWSE may suspend trading of its beneficial securities or asset-backed securities, and report to the Competent Authority for recordation:
- Failure to produce, and report and publicly announce, relevant forms, statements, or account books in accordance with Articles 36, 91, and 92 of the Financial Assets Securitization Act.
- An event of resignation or dismissal of the trustee institution as set forth in Article 47 of the Financial Assets Securitization Act.
- Any other cause that in the opinion of the TWSE necessitates the suspension of trading.
If trading of beneficial securities or asset-backed securities is suspended due to any event enumerated in the preceding paragraph, [the trustee institution or special purpose company] may, if the cause ceases to exist, and in the absence of any other cause under the preceding paragraph, submit relevant supporting documents to apply for resumption of trading. The TWSE may publicly announce the reinstatement of trading under Article 147 of the Securities and Exchange Act, and report to the Competent Authority for recordation.
Where any of the following events occurs with respect to the trustee institution or special purpose company, the TWSE may delist its beneficial securities or asset based securities, and report to the Competent Authority for recordation:
- The special purpose trust deed is terminated or the date of expiry of the special purpose company is reached.
- The trustee institution or special purpose company is sanctioned by the competent authority for the target industry under Article 106 of the Financial Assets Securitization Act.
- The special purpose company shall be dissolved because of any of the events set forth in Article 96 of the Financial Assets Securitization Act.
- Trading is suspended under paragraph 2 of this Article, and corrections have not been made after 6 months.
- Any other cause that in the opinion of the TWSE necessitates delisting.
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