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Article 5
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With the exception of that portion of underwritten units held for its own account in accordance with the preceding article, a securities underwriter carrying out the underwriting of securities (hereinafter, "public sale to outside parties") shall use the following methods to allocate units:
- competitive auction;
- book building;
- public subscription;
- negotiated sale.
The allocation methods described in the preceding paragraph shall be undertaken in accordance with Articles 6, 7, 21, 21-1, 22, 22-1, 22-3, 31 and 52 of these Rules.
When different allocation methods are used in the same underwriting case, the relevant timetable for the procedures from the date of negotiation of placement with specific parties until the distribution date of the securities shall be consistent between the different allocation methods.
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