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Article 2
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A securities underwriter selling securities obtained under Article 71 of the Act, unless otherwise approved by the Financial Supervisory Commission (the "Commission"), shall do so by the following means:
- For securities that are already traded on a centralized securities exchange market or over the counter, it shall sell them on the centralized securities exchange market or over the counter.
- For securities that are not traded on a centralized securities exchange market or over the counter, it may sell them itself by negotiated sale.
The first time that an issuer applies for TWSE listing or TPEx listing of securities, after its TWSE or TPEx listing contract has been submitted by the Taiwan Stock Exchange Corporation or Taipei Exchange to the Commission for reference, before those securities are traded on a centralized securities exchange market or over the counter, the securities underwriter shall handle those securities that it has obtained for firm commission underwriting by the means set out in subparagraph 1 of the preceding paragraph.
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