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Article 5
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The TWSE shall review the documents as specified in the paragraphs of the preceding article in an application for the letter of consent, and approve the documents before issuing the letter of consent, and reply by letter to the applying issuer and notify the competent authority.
The issuer shall apply for or file the offering of the ETF within six months of the date of the TWSE letter. Where there is good cause for applying prior to the expiration of the time limit for an extension, the time limit may be extended for six months, subject to the consent of the TWSE. Such extension is granted once only and shall be notified to the competent authority.
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