Regulations Governing the Offering and Issuance of Securities by Foreign Issuers Article 9
The FSC may void or revoke an effective registration for the offering and issuance of securities granted to a foreign issuer where any of the following circumstances is discovered:1. Where, in a case in which the foreign issuer has filed for registration of an issue of domestic straight corporate bonds, the offering period exceeds the prescribed period under the Taipei Exchange Rules Governing the Review of Foreign Securities for Trading on the TPEx and the Taipei Exchange Rules Governing Management of Foreign Currency Denominated International Bonds.2. Where, in a case other than one falling under the preceding paragraph, the securities have not been fully subscribed and the cash proceeds therefrom have not been fully collected within 3 months from the date on which the notification of effective registration from the FSC is received; provided that the FSC may grant an extension of 3 months upon application therefor with legitimate reasons and provided further that such extension shall be limited to one.3. Where the particulars registered are in violation of laws and regulations, or there are any misrepresentations or false statements contained in the application.4. Where the foreign issuer has failed to apply to the TWSE or TPEx, respectively, for exchange listing or OTC listing or for emerging stock registration, for TDRs, or for domestically offered and issued stocks, or bonds, or where the securities fail to meet exchange (or OTC) listing criteria.5. Where the foreign issuer fails to complete the exchange listing or OTC listing or emerging stock registration for its initial public issuance of stock within 6 months from the date on which the notification of effective registration from the FSC has been received.6. A serious breach of, or failure to perform, a commitment made at the time securities were offered and issued.7. Otherwise for the protection of the public interest, or in the event of a violation of FSC regulations or of a restrictions or prohibitions imposed by the FSC when giving notice of effective registration.From the date on which the filing is effectively registered until the date of completion of the securities offering, if the content of any publicly disclosed financial forecast or information released by the foreign issuer is at variance with the filing documents, and where there is a material effect on the price of securities or shareholders' equity, the FSC may revoke or void the effective registration.Where an effective registration is obtained by a foreign issuer for the offering and issuance of securities but is subsequently voided or revoked by the FSC pursuant to the provisions of the preceding two paragraphs, securities not yet issued shall not be issued, and in case the proceeds thereof have already been collected, the foreign issuer shall return the proceeds, along with interest computed in accordance with law, within 10 days after receiving the notice of voidance or revocation from the FSC; in case securities have already been issued, the depositary institution shall sell the securities under the custody of the custodian institution and deliver the sales proceeds, after deduction of indispensable fees and expenses, to the holders of securities.Where an effective registration is obtained by a foreign issuer for the offering and issuance of bonds or stocks but is subsequently voided or revoked by the FSC pursuant to the provisions of paragraphs 1 or 2 of this Article after the collection of the proceeds, the foreign issuer shall return the proceeds already collected, along with interest computed in accordance with law, through the designated institution within 10 days after receiving the notice of voidance or revocation from the FSC.
中文原文 外國發行人募集與發行有價證券處理準則第9條
外國發行人募集與發行有價證券，於申報生效後，經發現有下列情形之一，本會得撤銷或廢止其申報生效：
一、外國發行人申報發行國內普通公司債案件之募集期間，逾財團法人中華民國證券櫃檯買賣中心外國有價證券櫃檯買賣審查準則及財團法人中華民國證券櫃檯買賣中心外幣計價國際債券管理規則所定期限者。
二、前款以外之案件，自申報生效通知到達之日起，逾三個月尚未募足並收足現金款項者。
但其有正當理由申請延期，經本會核准者，得再延長三個月，並以一次為限。
三、申報事項有違反法令或虛偽情事者。
四、臺灣存託憑證、於國內募集與發行之股票及債券，未向證券交易所或證券櫃檯買賣中心申請上市或上櫃或登錄興櫃，或未符上市或上櫃標準者。
五、外國發行人於首次辦理股票公開發行申報生效通知到達之日起六個月內，股票未於證券交易所上市或未於證券櫃檯買賣中心上櫃或登錄興櫃者。
六、違反或不履行辦理募集與發行有價證券時所出具之承諾，情節重大者。
七、其他為保護公益、違反本會規定或本會於通知申報生效時之限制或禁止規定者。
外國發行人自申報生效之日起至有價證券募集完成之日止，對外公開財務預測資訊或發布之資訊與申報書件不符，且對證券價格或股東權益有重大影響時，本會得撤銷或廢止其申報生效。
外國發行人募集與發行存託憑證於申報生效後，如經本會依前二項規定撤銷或廢止其申報生效時，未發行者，停止發行，已收取價款者，外國發行人應於接獲本會撤銷或廢止通知之日起十日內，依法加算利息返還該價款；已發行者，存託機構應即出售存放於保管機構之有價證券扣除必要費用後，將所得之價款返還持有人。
外國發行人募集與發行債券或股票於申報生效後，如經本會依第一項及第二項規定撤銷或廢止申報生效時，已收取價款者，外國發行人應於接獲本會撤銷或廢止通知之日起十日內，依法加算利息指定代理機構返還該價款。
一、外國發行人申報發行國內普通公司債案件之募集期間，逾財團法人中華民國證券櫃檯買賣中心外國有價證券櫃檯買賣審查準則及財團法人中華民國證券櫃檯買賣中心外幣計價國際債券管理規則所定期限者。
二、前款以外之案件，自申報生效通知到達之日起，逾三個月尚未募足並收足現金款項者。
但其有正當理由申請延期，經本會核准者，得再延長三個月，並以一次為限。
三、申報事項有違反法令或虛偽情事者。
四、臺灣存託憑證、於國內募集與發行之股票及債券，未向證券交易所或證券櫃檯買賣中心申請上市或上櫃或登錄興櫃，或未符上市或上櫃標準者。
五、外國發行人於首次辦理股票公開發行申報生效通知到達之日起六個月內，股票未於證券交易所上市或未於證券櫃檯買賣中心上櫃或登錄興櫃者。
六、違反或不履行辦理募集與發行有價證券時所出具之承諾，情節重大者。
七、其他為保護公益、違反本會規定或本會於通知申報生效時之限制或禁止規定者。
外國發行人自申報生效之日起至有價證券募集完成之日止，對外公開財務預測資訊或發布之資訊與申報書件不符，且對證券價格或股東權益有重大影響時，本會得撤銷或廢止其申報生效。
外國發行人募集與發行存託憑證於申報生效後，如經本會依前二項規定撤銷或廢止其申報生效時，未發行者，停止發行，已收取價款者，外國發行人應於接獲本會撤銷或廢止通知之日起十日內，依法加算利息返還該價款；已發行者，存託機構應即出售存放於保管機構之有價證券扣除必要費用後，將所得之價款返還持有人。
外國發行人募集與發行債券或股票於申報生效後，如經本會依第一項及第二項規定撤銷或廢止申報生效時，已收取價款者，外國發行人應於接獲本會撤銷或廢止通知之日起十日內，依法加算利息指定代理機構返還該價款。