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Article 72
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Where a securities underwriter allocates securities by negotiated sale, the process shall be completed within the underwriting period.
In a case of underwriting of an initial listing on a stock exchange or an OTC market by means of competitive auction, if an award processing fee is collected from the successful bidders pursuant to Article 12, a processing fee of the same percentage shall be collected from the parties with which the underwriter negotiates the sale of the overallotment portion.
A securities underwriter shall require the collecting bank to provide itemized records evidencing payment by subscribers for their securities, and shall keep them on file for five years.
A securities underwriter shall keep allocation records on file for five years. However, the FSC and the Taiwan Securities Association may, as necessary, extend the time period during which such records are required to be kept on file.
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