Regulations Governing the Issuance of Exchange Traded Notes by Securities Firms Article 8
Under any of the following circumstances, the competent authority may reject a securities firm's filing for registration to issue or reopen ETNs:1.The submitted registration documents are not submitted in full or do not furnish all the required particulars, and supplementation or correction cannot be completed by the deadline set by the competent authority.2.The securities firm does not comply with the requirements of Article 4.3.The securities firm does not comply with the requirements of Article 5, paragraph 2.4.There is a lack of appropriate risk management measures, or the design or implementation of its internal control system is materially deficient.5.The securities firm materially fails to prepare financial reports in accordance with applicable laws or regulations or generally accepted accounting principles.6.The securities firm files for registration to issue ETNs within 3 months counting inclusively from the date upon which it receives notification from the competent authority that a previous filing was rejected, voided, or revoked by the competent authority or that it withdrew a previous filing at its own discretion.7.The securities firm has already filed with the competent authority for registration to issue ETNs but the registration has not yet become effective. However, the same does not apply in the case of filing for registration to reopen ETNs.8.The securities firm has been incapable of meeting obligations in connection with a previous issue of ETNs.9.During the preceding year the securities firm failed to comply with TWSE or TPEx rules applicable to ETNs and was unable to make improvement within a specified time period.10.The competent authority discovers that the securities firm has committed any material violation of laws or regulations, or there is factual evidence of material irregularities with the securities firm's finances or business.11.The competent authority otherwise considers it necessary to reject registration in order to protect the public interest.
中文原文 證券商發行指數投資證券處理準則第8條
證券商申報發行或增額發行指數投資證券，有下列情形之一者，主管機關得退回其案件：
一、所提申報書件不完備或應記載事項不充分，經主管機關限期補正，屆期不能完成補正。
二、未符合第四條規定。
三、未符合第五條第二項規定。
四、無適當之風險管理措施或內部控制制度之設計或執行有重大缺失。
五、財務報告未依有關法令或一般公認會計原則編製，情節重大。
六、經主管機關退回、撤銷、廢止或自行撤回其申報案件，證券商自接獲主管機關通知之即日起算三個月內，辦理申報發行指數投資證券。
七、已向主管機關提出申報發行指數投資證券案件尚未生效。
但申報增額發行者，不在此限。
八、曾發行指數投資證券而有無法履約之情事。
九、最近一年內未能依證券交易所或櫃檯買賣中心指數投資證券相關規定辦理，且無法於限期內改善。
十、經主管機關發現有重大違反法令或有事實證明其財務或業務有重大異常情事。
十一、其他主管機關為保護公益認有必要。
一、所提申報書件不完備或應記載事項不充分，經主管機關限期補正，屆期不能完成補正。
二、未符合第四條規定。
三、未符合第五條第二項規定。
四、無適當之風險管理措施或內部控制制度之設計或執行有重大缺失。
五、財務報告未依有關法令或一般公認會計原則編製，情節重大。
六、經主管機關退回、撤銷、廢止或自行撤回其申報案件，證券商自接獲主管機關通知之即日起算三個月內，辦理申報發行指數投資證券。
七、已向主管機關提出申報發行指數投資證券案件尚未生效。
但申報增額發行者，不在此限。
八、曾發行指數投資證券而有無法履約之情事。
九、最近一年內未能依證券交易所或櫃檯買賣中心指數投資證券相關規定辦理，且無法於限期內改善。
十、經主管機關發現有重大違反法令或有事實證明其財務或業務有重大異常情事。
十一、其他主管機關為保護公益認有必要。