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Relevant Laws

Title:Taiwan Securities Association Rules Governing Underwriting and Resale of Securities by Securities Firms (2016.04.12)
Article 35     In the underwriting of securities by competitive auction, the securities underwriter is limited to accepting bids from the following persons:
  1. ROC nationals at least 20 years of age.
  2. ROC institutional investors and securities investment trust funds offered by securities investment trust enterprises.
  3. Overseas Chinese and foreign nationals, as permitted under the Regulations Governing Investment in Securities by Overseas Chinese and Foreign Nationals.
  4. The Development Fund of the Executive Yuan, the Postal Savings System, the Public Employees Pension Fund, the Labor Pension Fund, and the Labor Insurance Fund.
  5. Other parties granted permission by the government.