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Article NO. Content

Title：

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 Content Chapter Content Search Article No. Search Legal Basis Amended Article Legislative History Chinese
Article 21     A company shall engage a financial institution to collect on its behalf the payments for the shares subscribed through the fundraising, and to deposit them in the designated account opened by the company. The funds in the designated account may not be utilized during the fundraising period. If the target capital raising amount cannot be fully collected during the fundraising period, the funds in the designated account may not be remitted to the company, and the company shall carry out the procedures to refund the share payments, plus interest accrued on the designated account, to all the investors who made the payments, and the company shall bear the remittance handling fees for the refunds.