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Article NO. Content


Taipei Exchange Regulations Governing the Conduct of Equity Crowdfunding by Securities Firms  CH

Amended Date: 2020.08.20 (Articles 26 amended,English version coming soon)
Current English version amended on 2019.01.02 
Article 15     A securities firm conducting equity crowdfunding business is prohibited from any of the following conduct:
  1. Accepting an equity crowdfunding application from a company that will use the funds for any controversial purpose such as purposes that violate laws or regulations or public order or good morals.
  2. Keeping custody of or using an investor's funds or securities.
  3. Any agreement between the securities firm or insiders thereof and the company or relevant personnel thereof for purposes of improper profit.
  4. The securities firm or insiders thereof serving as a director, supervisor, or managerial officer at the company operating equity crowdfunding on the securities firm's crowdfunding platform.
  5. Concealing or omitting important financial or business information of a company that conducts equity crowdfunding on its crowdfunding platform.
  6. Conducting equity crowdfunding for a company through a channel other than its crowdfunding platform.
  7. Providing a secondary market for trading of the stock of a company at the place of business of the securities firm.
  8. Any other matter injurious to the rights and interests of investors or in violation of any relevant law or regulation.