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Article 4
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Before filing with the competent authority for issuance of an ETN where the underlying index of the ETN, of which it applies for listing, is not compiled by the TWSE, or by Taiwan Index Plus Corporation as wholly owned by the TWSE, either alone or with other institution, or where the ETN is an options strategy ETN under Article 2, Paragraph 2, Subparagraph 4 of the TWSE Rules Governing Trading of Exchange Traded Notes, a securities firm shall submit an application form for acceptance of qualifications of underlying indexes of ETNs, stating the particulars to be specified, and the enclosed documents to the TWSE to seek an approval letter. The TWSE will review the application in accordance with the Issuance Regulations, these Rules, the TWSE Procedures for Review of Listing of Exchange Traded Notes, and the TWSE's other applicable regulations. If the TWSE accepts the application after the review, it will issue an approval letter for accreditation as a qualified underlying index, with a copy to the competent authority.
A securities firm that is in the circumstances provided in Article 20 or 21 or is otherwise prohibited by the TWSE from applying for listing of its ETNs shall not file an application for determination of qualification of the underlying indexes of the ETNs to the TWSE during the restriction period.
The Procedures for Review of Listing of Exchange Traded Notes will be established by the TWSE and come into force after being approved by the competent authority for recordation.
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