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Article 64
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For a secondary distribution by 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 the following work:
- Day Seven: Deadline for placing with a specific party;
- Day Eight: Underwriter carries out underwriting on standby commitment basis.
- Day Nine: Bearer of securities transfers them to TDCC;
- Day Ten: Securities electronically transferred by TDCC to purchaser's central depository account. Purchaser may engage in trading of the securities.
If a date set for the preceding paragraph falls on a weekend, regular holiday, or bank holiday, it shall be postponed by one day, and the dates that follow shall be moved forward accordingly.
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