|
50-8
|
Upon expiry of the valid term of the listed ETNs, the TWSE may directly issue a public notice stating delisting of the ETNs.
In any of the following circumstances involving ETNs, the TWSE may terminate trading in the ETNs and report the termination to the competent authorities:
- A circumstance specified in Article 11, paragraph 1 of the Regulations Governing the Issuance of Exchange Traded Notes by Securities Firms, as a result of which the competent authorities have voided or revoked their effective registration.
- The institution calculating the underlying index has stopped its calculation, or terminated its index licensing contract.
- Total issue value is less than TWD 100 million and the number of issued units is less than 5 million.
- The issuer has delisted the ETNs or early redeemed the units held by investors in accordance with its issue plan.
- The issuer is in a circumstance described in Article 50-1, paragraph 1, subparagraphs 1 to 4, 9 to 11, and 17.
- The issuer was blacklisted by financial institution.
- The issuer is unable to redeem the ETNs upon maturity or those sold back by investors.
- Where the TWSE deems it necessary to delist and terminate trading of its ETNs for any other reasons.
|