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Article 47
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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:<br/>1. An event referred to in paragraph 2 of the preceding article.<br/>2. Expiration of the expected issue period.<br/>3. The expected total issue amount under the shelf registration has been fully issued.<br/>4. The FSC deems voidance of the shelf registration necessary to protect the public interest.<br/>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.
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