Taiwan Stock Exchange - Rules & Regulations Directory

Article NO. Content


Taiwan Securities Association Rules Governing Underwriting and Resale of Securities by Securities Firms 

Amended Date: 2024.06.27 (Articles 11, 33, 52-2, 73 amended,English version coming soon)
Current English version amended on 2016.04.12 
Article 61
    For a firm commitment offering by public subscription, where subscriptions fall short of the number of units put up for sale, the underwriting syndicate may either place the remainder with a specific party or purchase the remainder on its own account.
    Where purchase of units by the underwriting syndicate on its own account as referred to in the preceding paragraph is prohibited by other laws or regulations, or is in connection with an offering by a company that is not listed on a stock exchange or an OTC market, the syndicate may be exempted from the provisions in the preceding paragraph relating to purchase of units on its own account, and such units may be placed by the underwriting syndicate with a specific party.
    Where the underwriting syndicate places securities with a specific party, as referred to in the preceding paragraphs 1 and 2, only the parties listed in Article 35 shall participate in said placement.

Relevant Laws:

Data Source:Taiwan Stock Exchange - Rules & Regulations Directory