After a secondary exchange (or OTC) listed company has filed and obtained effective shelf registration for issuance of TDRs, the effectiveness of the registration will immediately be terminated upon occurrence of any of the following events:
Before the current shelf registration has duly been terminated, the secondary exchange (or OTC) listed company may not make any further filing to sponsor issuance of TDRs.
- An event under paragraph 5 of the preceding article.
- Expiration of the scheduled issuance period.
- The number of units scheduled to be issued under the shelf registration has been issued in full.
- The FSC voids the shelf registration as it deems necessary to protect the public interest.