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Article NO. Content

Title:

Taiwan Securities Association Rules Governing Underwriting and Resale of Securities by Securities Firms  CH

Amended Date: 2021.03.31 (Articles 4-1, 6, 7, 8, 9, 11, 18, 21-3, 22-1, 22-2, 23, 24, 25, 27-1, 28, 30, 40, 41, 42-1, 43, 43-1, 44, 52, 52-1, 73 amended,English version coming soon)
Current English version amended on 2016.04.12 
Article 62     Where a company already listed on a stock exchange or an OTC market, or an emerging stock company, either carries out a cash capital increase or issues corporate bonds or Taiwan Depositary Receipts that are allocated through public subscription, after subscription, payment of bid deposits, and lottery winner notification have been completed as prescribed by Article 53 paragraph 1, the securities firms and relevant departments shall undertake listing on a stock exchange or an OTC market, carrying out the following related work within the following deadlines:
  1. Day Seven: Deadline for placement with specific party;
  2. Day Eight:
  3. Underwriter carries out underwriting on standby commitment basis.
    Issuer uses share payment certificates to apply with the TWSE or the TPEx for listing on a stock exchange or an OTC market, or registration as an emerging stock.
  4. Day Nine:
  5. Complete compilation of shareholders' (creditors') register.
    Issuer transfers share payment certificates to the TDCC.
  6. Day Ten: Listing of securities on a stock exchange or an OTC market, or registration as an emerging stock, is publicly announced.
  7. Day Eleven:
  8. Securities electronically transferred from the TDCC to the subscriber's central depository account.
    Securities listed on a stock exchange or an OTC market, or registered as an emerging stock.
    If a date set forth in the above subparagraphs falls on a weekend, regular holiday, or bank holiday, the deadline shall be postponed by one day, and the dates that follow shall be moved forward accordingly.
    The dates specified under paragraph 1 may be changed if necessary by applying for approval with the Taiwan Securities Association.