If any of the following events occurs after effective registration of a shelf registration for issuance of straight corporate bonds by a foreign issuer, the shelf registration shall be terminated:
Before the current shelf registration has been duly terminated, the foreign issuer may not file for any further registration of issuance of straight corporate bonds.
- An event referred to in paragraph 2 of the preceding article.
- Expiration of the expected issue period.
- The expected total issue amount under the shelf registration has been fully issued.
- The FSC deems cancellation of the shelf registration necessary to protect the public interest.