|
Article 8
|
When applying for listing of ETNs to the competent authority, the securities firm shall act in accordance with Article 6 of the Issuance Regulations by submitting the application form for listing of ETNs, and the application form for issuance of (additional) ETNs by securities firm, published by the competent authority, stating the particulars to be specified, and the enclosed documents to the TWSE. 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 determines the listing criteria have been met, it will issue an approval letter for listing, including the review opinion, which will be forwarded to the competent authority.
When a securities firm is to issue ETNs, if, between the date of its most current financial report and balance sheet it has submitted and when the application takes effect, the securities firm has an event which has a material impact on shareholders' rights and interests or securities prices under Article 36, paragraph 3, subparagraph 2 of the Securities and Exchange Act, has major changes to its finance or business, or there are changes to the information contained in the application or documents attached thereto which would have a major impact in the issuance plan, the securities firm shall ask a certified public accountant (CPA), providing him or her with expert opinion as appropriate for the nature of the changes, to indicate the impact on the issuance plan and notify the TWSE of the impact in writing. The TWSE will issue its opinion letter, indicating its comments, to the competent authority.
|