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79-2
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When a securities firm is consigned to purchase securities at the TIB, its principal must be a qualified investor and the purpose is limited to a company repurchasing its shares pursuant to law.
For purpose of the preceding paragraph, a qualified invetor refers to a principal who meets one of the following conditions:
- Is a professional institutional investor, or a juristic person with at least one year's experience in securities exchange.
- Is a venture capital enterprise established pursuant to laws.
- Is a juristic person having obtained by negotiated sale securities initially listed on the TIB.
- Is a natural person with two or more years of investment experience in participation in securities exchange who has met one of the following conditions:
- Is able to prove a financial strength of NT$ 2 million or more.
- Has an average annual income of NT$1 million or more during the most recent two years.
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