Consignment or application to auction listed securities under these Regulations shall proceed as follows:
Where the government disposes of government-held securities by auction subparagraph 1 of the preceding paragraph shall apply mutatis mutandis.
- Where a securities broker applies to the TWSE for auction of securities on behalf of a principal (below, "auction principal"), the securities broker (below, "applicant securities broker") shall fill out an application form.
- Where a securities dealer applies to have securities it holds auctioned by the TWSE, the securities dealer shall fill out an application form.
After consignments or applications in paragraph 1 are agreed to or acknowledged by the TWSE, the TWSE shall publicly announce the auction requirements 3 days prior to the auction date.