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Article NO. Content


Taiwan Stock Exchange Corporation Directions for Lead Securities Underwriters Mandated to Assist Principals in Complying with ROC Laws and Regulations and the Taiwan Stock Exchange Corporation Rules Related to TWSE Listing  CH

Amended Date: 2022.09.21 
Categories: Primary Market > Management > Primary Listings
Article 5     A lead securities underwriter may not resign before the expiration of the mandate contract except in the case of a merger, demerger, or business transfer, or when the competent authority voids its permit, approves its dissolution, or orders it to cease business, or for another legitimate.
    The lead securities underwriter under the preceding paragraph shall state in writing the reasons for the resignation and the name of the qualified succeeding securities underwriter that will continue to assist in legal compliance, jointly signed by the new and the original securities underwriters, and attach a letter of consent by the TWSE listed company, the undertaking by the new securities underwriter to bear the obligations of lead securities underwriter, and the new mandate contract, to report to the TWSE for recordation.
    When the TWSE has given approval for a lead securities underwriter to resign, the succeeding securities underwriter that continues to assist in legal compliance shall be subject to all relevant provisions of these Directions.