Chapter 1 General Principles |
| Article 1 | These Regulations are adopted pursuant to Article 43-1, paragraph 5 and Article 43-4, paragraph 2 of the Securities and Exchange Act ("the Act").
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| Article 2 | The term "public tender offer" as used in these Regulations means the act of making a public offer to unspecified persons, bypassing the centralized securities exchange and the over-the-counter market, by means of public announcement, advertisement, broadcast, telecommunication, letter, telephone, public presentation, investor conference, or other means, to purchase real estate investment trust beneficiary securities.
The scope of a public tender offer under Article 43-1, paragraph 5 of the Act is real estate investment trust beneficiary securities publicly offered and issued in accordance with the Real Estate Securitization Act.
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| Article 3 | The term "related party" as used in these Regulations means any of the following:
- For a public tender offeror that is a natural person, it means the offeror's spouse and minor children.
- For a public tender offeror that is a company, it means any affiliated enterprise as defined in Chapter 6-1 of the Company Act and any related party or substantial related party as defined in the Statement of Financial Accounting Standards (SFAS) No. 6.
Real estate investment trust beneficiary securities held by related parties of the preceding paragraph include those held by them under the names of other persons.
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| Article 4 | The term "tenderer" as used in these Regulations means a person that intends to sell real estate investment trust beneficiary securities that are to be acquired in the tender offer and that are held by the tenderer.
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| Article 5 | The term "securities related entities" as used in these Regulations means:
- The Taiwan Stock Exchange (TWSE) or the Taipei Exchange (TPEx).
- The Securities and Futures Investors Protection Center.
- Other entities designated by the Financial Supervisory Commission (FSC).
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| Article 6 | When the public tender offeror's filing and public announcement are not made on the same date, the public tender offer period of Article 43-3, paragraph 1 of the Act will be calculated beginning from the earlier of the filing or public announcement dates.
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