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Article 28
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A securities firm shall underwrite securities by fair and reasonable means. Underwriting fees collected may not, by any means or under any name, be reimbursed or refunded to the issuer, or to any related party thereof, or to any person designated by the issuer or a related party thereof.<br/>A securities firm shall underwrite or re-sell securities in accordance with the handling rules prescribed by the securities dealers' association.<br/>The securities dealers' association shall submit the handling rules referred to in the preceding paragraph to the FSC for approval.<br/>When a securities firm underwrites or re-sells listed securities, it may conduct stabilized operation transactions when necessary. Regulations governing the administration thereof shall be prescribed by the TWSE and submitted to the FSC for approval.
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