Chapter IV Issue of Securities
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Section One Allocation by Competitive Auction
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| Article 75 | When an underwriter conducts any distribution of securities, it shall do so by means of book-entry transfer in accordance with the Operating Rules for the TDCC.
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Section Two Allocation by Book Building
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| Article 76 | For an offering by book building as prescribed by Article 40, distribution of such securities shall be undertaken by book-entry transfer using certificates of payment for shares as prescribed by the Operating Rules for the TDCC.
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| Article 77 | For an offering of securities by book building as prescribed by Articles 41 and 42, Articles 75 and 76 shall be applied mutatis mutandis to the distribution thereof.
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Section Three Allocation by Public Subscription
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| Article 78 | For securities offered by public subscription, Article 76 shall be applied mutatis mutandis to the distribution thereof.
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Section Four Allocation by Negotiated Sales |
| Article 79 | For underwriting cases involving the issue of call (put) warrants entirely by negotiated sale, and for underwriting cases involving negotiated sales conducted in accordance with Article 31, distribution shall be undertaken as prescribed by the Operating Rules for the TDCC.
In an underwriting case involving real estate asset trust beneficial interest securities, a secondary distribution of beneficial interest securities by a trustee institution, or a secondary distribution of asset-backed securities by a special-purpose company, the distribution of securities shall be governed by the mutatis mutandis application of the preceding paragraph.
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