Regulations Governing the Issuance of Exchange Traded Notes by Securities Firms Article 15
A securities firm issuing or reopening ETNs may contract with a securities underwriter to underwrite the ETNs, or it may sell the ETNs by itself. The securities firm shall prepare a prospectus and a simplified prospectus and deliver copies of the prospectuses to the securities underwriter and investors and announce their content. However, the securities firm is not required to deliver such prospectuses to investors who purchase the ETNs on the securities exchange market.Matters required to be stated in the prospectus referred to in the preceding paragraph are as follows:1.The following statements shall be printed conspicuously on the cover page:A."The Financial Supervisory Commission has allowed the effective registration of the ETNs, but that does not indicate that the ETNs are risk-free."B."The sum the investors receive when redeeming the ETNs at or prior to maturity may be less than their invested principal (or even zero in the worst case scenario) due to various factors such as market fluctuations or the issuer's default or occurrence of credit risk. Therefore, before trading, the investors should carefully read the prospectus and be certain that they are fully aware of the risks and features of the ETNs."C.In the event there is any misrepresentation or nondisclosure in this prospectus, the issuer, its responsible persons, and any other persons whose signature or seal appear on the prospectus shall be held legally liable.D.Web addresses for inquiries regarding this prospectus, including the web address of the information reporting website designated by the competent authority, and the web address where the securities firm discloses information related to the prospectus.E.Date of printing.2.Overview of the ETNs.A.Name of the securities firm.B.Short description of the ETNs: name, number of units to be issued, total amount to be issued, issue price, issue date, maturity date, issuance period, name of underlying index, market on which the ETNs trade, indicative value, whether income/gains are distributed, investor fees, repayment at maturity, early redemption by the securities firm, purchase and redemption by investors, and other relevant matters.C.Description of the underlying index: essential content of the index license agreement, methods for index construction and calculation, past performance, and the method for making announcements of material events in connection with the underlying index, where those events materially affect investors' rights or interests.D.Methods of calculating and manner of disclosing the intraday indicative value and the closing indicative value and reasons for their deviation from the trading price.E.Method for distribution of income/gains.F.Fees to be borne by investors.G.Use of the funds and hedging strategies.H.Risks for investors.I.Trading on the securities exchange market and how investors can purchase and redeem the ETNs.J.How repayment is made at maturity.K.Conditions and procedures for the securities firm's reopening of the original issue, early redemption, halting or resumption of purchases, and suspension of purchases.L.Matters to be handled and procedures to be followed if the effective registration of the ETNs is voided or revoked by the competent authority or the ETNs are delisted from the TWSE or TPEx.3.Overview of the securities firm.4.List of securities underwriters and liquidity providers and their duties.5.Disclosure of relevant ETN information.6.Any other particulars required by the competent authority.The simplified prospectus referred to in paragraph 1 shall contain in summary form the key information provided in the prospectus pursuant to the preceding paragraph.The model templates for the prospectus and the simplified prospectus referred to in the preceding 2 paragraphs, and any amendments thereto, shall be drafted by the TWSE in conjunction with the TPEx and submitted to the competent authority for ratification.A securities firm shall prepare an ETN prospectus and simplified prospectus in accordance with the provisions of the preceding 3 paragraphs.
中文原文 證券商發行指數投資證券處理準則第15條
證券商發行或增額發行指數投資證券，得委託證券承銷商辦理承銷或自行銷售，並應編製公開說明書及簡式公開說明書，交付予證券承銷商及投資人並辦理公告。
但投資人於證券交易市場買入者，得免予交付。
前項公開說明書應記載事項如下：
一、封面應以顯著方式刊印下列文字：
（一）「本指數投資證券經金融監督管理委員會同意生效，惟不表示本指數投資證券絕無風險」。
（二）「本指數投資證券到期時或到期前賣回可領回金額，可能因市場波動、發行證券商違約或發生信用風險等因素，低於原始投資本金（最壞情形下可能為零），投資人交易前應詳閱公開說明書並確定已充分了解本指數投資證券之風險及特色」。
（三）本公開說明書之內容如有虛偽或隱匿之情事者，應由發行證券商及其負責人與其他曾在公開說明書上簽章者依法負責。
（四）查詢本公開說明書之網址，包括主管機關指定之資訊申報網站之網址及證券商揭露公開說明書相關資料之網址。
（五）刊印日期。
二、指數投資證券概況。
（一）證券商名稱。
（二）指數投資證券簡介：名稱、發行單位數、發行總額、發行價格、發行日期、到期日、發行期間、標的指數名稱、交易市場、指標價值、是否分配收益、投資費用、到期償還、證券商提前贖回及投資人申購賣回等事項。
（三）標的指數說明：指數授權契約之重要內容、指數之編製及計算方法、過去績效表現及發生有關標的指數之重大事項並對投資人權益有重大影響者，其公告方式。
（四）估計指標價值及指標價值之計算方法、揭露方式及與交易價格差異原因。
（五）收益分配方式。
（六）投資人費用負擔。
（七）資金用途及避險操作策略。
（八）投資人之風險。
（九）證券交易市場交易及投資人之申購、賣回方式。
（十）到期償還方式。
（十一）證券商增額發行、提前贖回、暫停或恢復申購及停止申購之條件及程序。
（十二）經主管機關撤銷或廢止申報生效及終止上市或上櫃之應辦事項及程序。
三、證券商概況。
四、證券承銷商及流動量提供者之名單及職責。
五、指數投資證券之資訊揭露方式。
六、其他主管機關規定應記載之事項。
第一項簡式公開說明書內容應依前項公開說明書為重點摘錄。
前二項公開說明書及簡式公開說明書範本格式由證券交易所會同櫃檯買賣中心擬訂，報請主管機關核定；修正時亦同。
證券商編製指數投資證券之公開說明書及簡式公開說明書，應依前三項規定辦理。
但投資人於證券交易市場買入者，得免予交付。
前項公開說明書應記載事項如下：
一、封面應以顯著方式刊印下列文字：
（一）「本指數投資證券經金融監督管理委員會同意生效，惟不表示本指數投資證券絕無風險」。
（二）「本指數投資證券到期時或到期前賣回可領回金額，可能因市場波動、發行證券商違約或發生信用風險等因素，低於原始投資本金（最壞情形下可能為零），投資人交易前應詳閱公開說明書並確定已充分了解本指數投資證券之風險及特色」。
（三）本公開說明書之內容如有虛偽或隱匿之情事者，應由發行證券商及其負責人與其他曾在公開說明書上簽章者依法負責。
（四）查詢本公開說明書之網址，包括主管機關指定之資訊申報網站之網址及證券商揭露公開說明書相關資料之網址。
（五）刊印日期。
二、指數投資證券概況。
（一）證券商名稱。
（二）指數投資證券簡介：名稱、發行單位數、發行總額、發行價格、發行日期、到期日、發行期間、標的指數名稱、交易市場、指標價值、是否分配收益、投資費用、到期償還、證券商提前贖回及投資人申購賣回等事項。
（三）標的指數說明：指數授權契約之重要內容、指數之編製及計算方法、過去績效表現及發生有關標的指數之重大事項並對投資人權益有重大影響者，其公告方式。
（四）估計指標價值及指標價值之計算方法、揭露方式及與交易價格差異原因。
（五）收益分配方式。
（六）投資人費用負擔。
（七）資金用途及避險操作策略。
（八）投資人之風險。
（九）證券交易市場交易及投資人之申購、賣回方式。
（十）到期償還方式。
（十一）證券商增額發行、提前贖回、暫停或恢復申購及停止申購之條件及程序。
（十二）經主管機關撤銷或廢止申報生效及終止上市或上櫃之應辦事項及程序。
三、證券商概況。
四、證券承銷商及流動量提供者之名單及職責。
五、指數投資證券之資訊揭露方式。
六、其他主管機關規定應記載之事項。
第一項簡式公開說明書內容應依前項公開說明書為重點摘錄。
前二項公開說明書及簡式公開說明書範本格式由證券交易所會同櫃檯買賣中心擬訂，報請主管機關核定；修正時亦同。
證券商編製指數投資證券之公開說明書及簡式公開說明書，應依前三項規定辦理。