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Article 6
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If the underlying index of the ETF under application for listing is compiled by the TWSE or Taiwan Index Plus Corporation, a wholly owned company of the TWSE solely, or jointly with other institutions, the issuer shall submit the following documentation to the TWSE for recordation before applying for or filing the offering of the fund:
- Profiles of ETF managers and the product development team.
- Introduction of and licensing agreement with respect to the underlying index.
- Planning structure.
- Initial minimum asset scale.
- List of participating securities firms.
- Proposed ETF listing schedule.
- ETF product design and subscription and redemption procedures.
- Fund investment portfolio management (including an outline on how to track index performance in fund operation, using methods such as full replication, optimization, stratified sampling, or otherwise, and the simulated index of the fund investment).
- Marketing and promotion plans.
The TWSE may, subject to the circumstances, request the issuer to provide supplementary information and explanations in connection with the documentation listed in the preceding paragraph.
The other institutions that compile the index jointly with Taiwan Index Plus Corporation, a wholly owned company of the TWSE, as mentioned in paragraph 1, shall meet the qualification requirements in Article 3, paragraph 2.
An issuer shall apply for or file the offering of the ETF within six months of the date of the TWSE approval letter for recordation. 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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