| Article 9 | The beneficiary of overseas beneficial certificates may, in accordance with the provisions of the applicable foreign exchange acts and regulations, carry out exchange settlement or reinvest in domestic securities using the proceeds from any of the following sources: proceeds from a buyback [of overseas beneficial certificates]; proceeds from the distribution of trust fund assets by a SITE; or earnings distributed pursuant to the preceding article.
Offshore overseas Chinese and foreign nationals reinvesting in domestic securities in accordance with the preceding paragraph shall enter their investments in the accounts set forth under Article 22, submit a report within 5 days to the competent authority for foreign exchange business, and submit [the relevant] materials to the Taiwan Stock Exchange Corporation (TWSE) for registration. Where the total resulting investments exceed the originally approved investment cap or the limit as provided in Article 12, such excess amount shall be exempt from the approval requirement set forth under Article 10.
Articles 16, 17, 20, 21, 23, and Article 27, paragraph 2 shall apply mutatis mutandis to reinvestment in domestic securities by offshore overseas Chinese and foreign nationals pursuant to paragraph 1.
Article 10 shall apply mutatis mutandis to reinvestment in domestic securities by overseas Chinese and foreign nationals in accordance with paragraph 1.
|
Info |