Article NO. Content

Title:

Operational Procedures for the Review of Foreign Securities for Listing by the Taiwan Stock Exchange Corporation 

Amended Date: 2020.03.30 (Articles 4-2, 4-3 amended,English version coming soon)
Current English version amended on 2019.12.23 
Categories: Primary Market > Review
Article 6     A TWSE secondary listed company that applies or files for TWSE listing of new securities with the same rights and obligations as the shares or Taiwan Depositary Receipts that are already TWSE listed in accordance with Article 28 of the TWSE Rules Governing Review of Securities Listings shall do so as follows:
  1. Where a foreign issuer and its agent or depositary institution apply for the listing of additional stock or TDRs as a result of capital increase by cash and the rights and obligations of the holders of stock or TDRs to be newly issued are identical with those of the stock or depositary receipts already listed, or where a foreign issuer participated with already-issued stock in the issuance of TDRs to be listed which carry the same rights and obligations as those of the TDRs already listed, the TWSE may, after examination of the Application (Report) for Additional Issuance of Foreign Stocks/Market Listing and Trading of Taiwan Depositary Receipts (Appendices 4 and 5), issue an approval document for listing, and after effective registration with the competent authority and completion of issuance, announce the listing thereof.
  2. If a foreign issuer and its depositary institution participate by means of shelf registration in the issuance of TDRs for listing, and those depositary receipts carry the same rights and obligations as those of TDRs already listed, the TWSE may, after examination of the Application for Additional Issuance and Listing of Taiwan Depositary Receipts by Means of Shelf Registration by a Foreign Issuer (Appendix 6), issue an approval document for listing, and after effective registration with the competent authority and completion of issuance, announce the listing thereof.
  3. Where a foreign issuer and its agent or depositary institution apply for the listing of additional stock or TDRs as a result of a cash capital increase through a new share issue to existing shareholders with priority subscription rights or the issuance of bonus shares, or as a result of a request for conversion or warrant subscription with respect to already-issued convertible corporate bonds, corporate bonds with warrants, or other securities having an equity conversion nature, and the rights and obligations of the newly issued stock or TDRs are identical with those of the stock or depositary receipts already listed, the TWSE will, after confirming all relevant documents reported and uploaded are in order, publicly announce the listing thereof.
  4. Where a foreign issuer and its depositary institution apply for the reissuance and listing within the amount of the original issuance, or within the scheduled issue period for shelf registration and the number of units that may be issued, of those TDRs which carry the same rights and obligations as those of the TDRs already listed, the case handler shall, upon confirming all relevant documents reported and uploaded are in order, publicly announce the listing in accordance with the provisions of Article 28, paragraph 4 of the TWSE Rules Governing Review of Securities Listings.
    Where the TDRs issued by a foreign issuer have already been listed, and the shareholders issue through a depositary institution TDRs in Taiwan with the already-issued shares that they hold, the TWSE may, after examination of the Application for Issuance and Listing of Unsponsored Taiwan Depositary Receipts (Attachment 7), issue an approval document for listing, and after effective registration with the competent authority and completion of issuance, announce the listing thereof.

Interpretation:

Relevant Laws: