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Amendments

Title：

Taiwan Securities Association Rules Governing Underwriting and Resale of Securities by Securities Firms  CH

Amended Date： 2023.11.30 (Articles 4-1, 22-1, 30, 40, 43, 43-1, 44, 54, 73 amended,English version coming soon)
Current English version amended on 2016.04.12 
Article Content Chapter Content Search Article No. Search Legal Basis Amended Article Legislative History Chinese

Title： Chinese Securities Association Regulations Governing Underwriting and Resale of Securities by Securities Firms(2004.03.01)
Date：
Article 13 A bid form to which any of the following circumstances applies is invalid and will be disqualified from the tender without refund of the bid processing fee:
　1. The bid price is lower than the minimum offering price as prescribed by Article 8 paragraph 1 subparagraph 2;
　2. The quantity of securities bid for is lower than the minimum bidding unit;
　3. The bid has been neither signed nor affixed with seal;
　4. Either the bid price or the bid quantity has been changed, and the change has not been authenticated by application of a seal, or the data is not legible;
　5. Either the tender guarantee has not been paid in full or the bid processing fee has not been paid;
　6. The bid form does not indicate a bank account number for the repayment of tender guarantees to those submitting unsuccessful bids;
　7. In a previous tender, the bidder has failed to fulfill obligations related to the payment for securities; or
　8. The identity of the bidder violates the requirements set forth under Articles 35 and 36.
The per-share (or per-lot) bid price shall be expressed in units no smaller than one cent; decimal figures smaller than one cent shall be rounded up or down.
Bid quantity shall be expressed in units of one thousand shares (or in lots).
In an initial listing on the stock exchange or an OTC market where the underwriting of securities is carried out partly by competitive auction and partly by public subscription, or where a company already listed on the stock market or an OTC carries out a cash capital increase or underwrites convertible corporate bonds or corporate bonds with warrants by competitive auction, the underwriter shall indicate on the bid form that the bidder is to fill in his central depository account number. A bid form that fails to provide said account number is invalid and will be disqualified from the tender without refund of the bid processing fee.
Article 14 An underwriter shall enter the data from bid forms into an electronic data storage media in the format prescribed by the Chinese Securities Association, and by 10AM on the date of the opening of the bids shall send it to the Taiwan Stock Exchange for entry. The results of the bidding will be based entirely on these electronic entries, and underwriters shall refrain from divulging the contents of said media.