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Article 27-3
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If any of the following circumstances exists with respect to a master agent's filing for an offshore fund offering and sale case, the FSC may suspend its filing from becoming effectively registered:<br/>1. The filing documents are incomplete or the required information is not fully furnished.<br/>2. An event under Article 32 occurs.<br/>3. The FSC considers suspension necessary to protect the public interest.<br/>Beginning from the date on which the master agent is served notice of suspension of the filing for effective registration, it may submit supplementation addressing the reasons for suspension of the filing for effective registration and apply for lifting of the suspension. If the FSC does not further notify it to submit supplementation or reject its case, the registration shall become effective upon the expiration of the effective registration period set out in paragraph 2 of the preceding article, counting inclusively from the date on which the FSC receives the supplementary documentation.<br/>After the master agent's filing for effective registration is suspended by the FSC under paragraph 1, if within 12 business days, counting inclusively from the date on which it receives the written notice of suspension, the master agent does not apply for lifting of the suspension in accordance with the preceding paragraph or it applies for lifting of the suspension but the reasons for the original suspension still exist, the FSC may reject its case.
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