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Article 5-2
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When a securities firm conducts an underwriting case, if a party targeted for allocation is not a government fund or is not a fund account or investment account of an onshore or offshore publicly offered fund, and if the underwriting is conducted by means of book building or negotiated sale, the securities underwriter shall audit whether the ultimate beneficial owner is a party that is prohibited from allocation under Article 36 or Article 43-1, by a means such as a list of ultimate beneficial owners provided by the custodian institution or a declaration thereby that the ultimate beneficial owner is not a party prohibited from allocation.
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