Regulations Governing the Issuance of Exchange Traded Notes by Securities Firms Article 12
After obtaining effective registration to issue or reopen ETNs, a securities firm shall commence the issuance or reopening of the ETNs within 3 months counting inclusively from the date upon which it receives the written notice of effective registration, provided that if the securities firm is unable to commence the issuance or reopened issuance within 3 months for a legitimate reason, then prior to the deadline it may apply to the competent authority for a one-time extension not to exceed 3 months.
中文原文 證券商發行指數投資證券處理準則第12條
指數投資證券經申報生效後，應於申報生效通知函送達之即日起算三個月內開始發行或增額發行。
但有正當理由無法於三個月內開始發行者，於期限屆滿前，得向主管機關申請展延一次，並以三個月為限。
但有正當理由無法於三個月內開始發行者，於期限屆滿前，得向主管機關申請展延一次，並以三個月為限。