|
Article 7
|
Within three months of being notified by the TWSE in writing of issue of the approval letter for accreditation as a qualified underlying index or approval letter for recordation, the securities firm shall report its issuance of ETNs to the competent authority. Failure to apply for issuance within the above time will invalidate its approval letter for accreditation as a qualified underlying index or approval letter for recordation, except where a request for extension with a legitimate reason is made, in which case the TWSE may agree to extend the deadline for three months which will be a one-time only extension.
|