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Title	Taipei Exchange Procedures for the Review of Securities for TPEx Listing CH
Date	2011.11.30 ( Amended )

Article Content

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The GTSM shall examine all documents submitted by the applicant company to ensure completeness, and complete a GTSM Securities Listing Preliminary Review Form (Appendices 13 and 14) after it has audited and is satisfied that the applicant company meets the GTSM listing conditions set forth in Article 15, Paragraphs 7 and 8 of the GTSM Securities Review Rules, and then submit the Contract for GTSM Trading of Securities and other relevant documentation to the competent authority for approval, and afterwards notify the company to perform the subsequent operations of public sale, GTSM listing, and others and submit a report to the board of directors..

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13	For initial applications for GTSM trading of corporate bonds or certificates of payment for bonds by issuers who have no TWSE listed or GTSM listed stocks, case handlers shall, in addition to examining application documents for completeness in accordance with the preceding paragraph, review applications in accordance with Point 7, paragraph 1, subparagraph 6, applying the review guidelines under Point 6, paragraphs 1 and 2. After completion of the review, the application shall be submitted to the competent authority for approval along with the GTSM trading agreement for the given securities entered into with the issuer, and after approval, GTSM listing shall be announced, with notice to the GTSM's board of directors, provided that when the issuer's corporate bonds or certificates of payment for bonds are guaranteed by a financial institution, the application may be handled in accordance with the preceding paragraph.
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When a public company applies for trading of its stock as GTSM managed stock, case handlers shall perform a review to ascertain whether the applicant company conforms to Article 3-1 of the GTSM Securities Review Rules. After they examine application documents for completeness and submit them for approval to the competent authority together with the agreement for GTSM management of stocks entered into with the issuer, they shall announce GTSM listing of the stocks, and notify the board of directors. The aforementioned provisions regarding various securities and review procedures will be applied mutatis mutandis to review of other securities already approved for issuance, in accordance with the nature of the given security.

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After a recommendation for GTSM listing has been issued by the Review Committee in a case of initial application for GTSM listing of securities, followed by submission to the board of directors and a resolution that the application shall be resubmitted after supplementation of relevant materials, the applicant company shall be requested by letter to supplement the materials within a prescribed period. If the application must be returned to the Review Committee for re-review, such review shall be carried out in accordance with Point 16, paragraph 2; the provisions of Point 18, paragraphs 1 and 2 shall be applied mutatis mutandis with regard to voting procedures. Where a resolution is passed in favor of GTSM listing after the review, the application shall be resubmitted to the board of directors for consideration. Where a resolution is passed rejecting the application or against GTSM listing, the written consent of the GTSM's president shall be obtained and a notification letter issued to the applicant company.

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22	For initial GTSM trading application cases in which the Board of Directors resolves to approve GTSM listing, after a record of the case is compiled, case handlers shall first notify the applicant company via mail to supplement relevant materials within the period prescribed by the relevant GTSM directive, and after supplementation of the materials, shall submit the application, along with the review report and the agreement on GTSM trading of the given securities entered into between the GTSM and the issuer, to the competent authority for assessment and approval in accordance with Article 9 of the Regulations Governing Securities Trading on the GTSM.
23	Case handlers shall review the preliminary prospectus included with the application materials to confirm that corrections have been made in accordance with GTSM requirements before the application is forwarded to the competent authority for assessment and approval.
24	Applications for GTSM trading of securities returned to the Review Committee by the competent authority for a re-review shall be handled in accordance with Point 16, paragraph 2; the provisions of Point 18, paragraphs 1 and 2 shall be applied mutatis mutandis with regard to voting procedures. When, after re-review, a resolution is still passed recommending GTSM listing, the application shall be forwarded to the competent authority after being submitted to the board of directors for consideration; when a resolution is passed rejecting the application or against GTSM listing, the written consent of the GTSM's president shall be obtained and a notification letter issued to the applicant company.

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