|
Article 7
|
When a securities firm files for any of the following issuance registrations pursuant to the preceding article, its registration shall become effective when a prescribed number of business days have elapsed counting inclusively from the date upon which the competent authority receives the filing documents:
- In the case of filing for registration to issue ETNs, the registration shall become effective when 12 business days have elapsed counting inclusively from the date upon which the competent authority receives the filing documents.
- In the case of filing for registration to reopen ETNs, the registration shall become effective when 7 business days have elapsed counting inclusively from the date upon which the competent authority receives the filing documents.
If a securities firm files for registration to issue or reopen ETNs and during the period between its submission of the filing to the competent authority and the time of effective registration, an event occurs that has a material effect on shareholders' rights or interests (shareholders' equity) or securities prices as contemplated in Article 36, paragraph 3, subparagraph 2 of the Act, or its financial or business status undergoes a material change or there is a change in the content of its registration documents that has a material effect on the issuance plan, in addition to duly making an announcement and filing a report with the competent authority and the TWSE or TPEx within 2 days counting inclusively from the date of occurrence of the fact, the securities firm shall also obtain a professional opinion from an appropriate expert, as dictated by the nature of the event, and request the CPA to provide an opinion regarding the effect of the event on the current issuance plan, and file all the opinions with the TWSE or TPEx. The TWSE or TPEx shall then provide an opinion on the matter and submit a written report to the competent authority.
Where a securities firm fails to file registration documents in full, or the documents do not furnish all the required particulars, or a circumstance under the preceding paragraph occurs, but it makes full supplementations or corrections of its own accord prior to being notified by the competent authority of the suspension of effective registration, its registration shall become effective when the effective registration period of paragraph 1 has elapsed counting inclusively from the date upon which the competent authority receives the supplementary or corrective documentation.
|