Regulations Governing the Offering and Issuance of Securities by Securities Issuers Article 13
For an issuer conducting any of the case types listed below, registration shall become effective 20 business days from the date on which the FSC and FSC-designated institutions receive its registration form for the issuance of new shares:1. Establishment by offering.2. Any one of the types of share issuance set forth under Article 6, paragraph 2, subparagraph 1 or 4, where the circumstances in any one of the following items exist:A. An issuance conducted in accordance with Article 6, paragraph 2 has been previously rejected, disapproved, voided, or revoked by the FSC. However, this restriction need not apply where the case had been voided or revoked by the FSC because the issuance had not been fully subscribed and payment thereof had not been fully collected in cash since the date of arrival of the notice of effective registration or approval.B. The issuer has been sanctioned two or more times by the FSC in accordance with Article 178 of the Act for violating the Act or other relevant laws and regulations during the fiscal year when the registration was filed or during the previous fiscal year.C. The operating income or net profit before tax of the issuer show losses in the recent 2 consecutive years or the latest financial reports indicate that the net asset value per share is lower than its par value.D. The issuer is required to allocate special reserve for its non-arm's length transactions and such requirement is not lifted yet.E. During the year of registration or the previous 2 years, an event set forth under Article 185 of the Company Act has occurred or a portion of the operations or R&D results is transferred to another company. However, if neither the operating revenue nor asset value of the transferred items nor the expenses accumulated for R&D exceeds 10 percent of the total operating revenue or assets value on the financial report of the fiscal year preceding the time of the transfer or of the R&D expenses for the same period, this restriction does not apply.F. A change to one-third or more of directors has occurred in the year of registration or the previous 2 years and any one of the following events takes place, provided that this rule does not apply if more than half of the issuer's directors are controlled by the original major shareholders before and after such change:a. The submitted financial reports indicate an addition to the principal products (meaning any product from which the operating revenue accounts for 20 percent or more of operating revenue) and that the total operating revenue or operating income from the added principal product accounts for 50 percent or more thereof in that fiscal year. However, if the increase in the operating revenue for a principal product from one period to the next did not reach 50 percent or more, that principal product is not required to be counted.b. The submitted financial reports indicates that the issuer has acquired an on-going or completed construction project and the operating revenue or operating income from that project has reached 30 percent of the same respective categories of that year.c. The submitted financial reports indicates that the issuer has received transfer of a portion of the operations or R&D results of another company other than an affiliated company and that the operating revenue or operating income from that partial operations or R&D result has reached 30 percent of the same respective categories of that year.G. The securities underwriter, at the time the issuer files for registration, has received cumulatively 5 or more demerit points in the most recent year from the FSC, TWSE, TPEx, and Taiwan Securities Association.Except for an issuer filing for registration pursuant to the provisions of the preceding paragraph, the registration of an issuer that files to issue new shares shall become effective 12 business days after the date on which the FSC and FSC-designated institutions receive its registration form. However, for an issuer other than those in the financial holding, banking, bills finance, credit card, or insurance businesses that conducts any of the matters listed below, the effective registration period shall be shortened to 7 business days:1. An emerging-stock company, or company that is neither listed on an exchange nor traded on an OTC market, issues new shares for a cash capital increase, and does not allocate a certain percentage of the newly issued shares to a public offering.2. An emerging-stock company, or company that is neither listed on an exchange nor traded on an OTC market, issues new shares in connection with merger, or issues new shares in connection with an acquisition or demerger conducted in accordance with related laws.3. An issuer issues new shares for cash capital increase for the purpose of public sale in connection with initial listing on the stock exchange or OTC market.4. An exchange-listed company or OTC-listed company conducts any of the following matters due to an application for board transfer or reclassification:A. A TIB-listed company applying to be reclassified as a company under Chapter II of the Listing Review Rules or applying to transfer its listing to an OTC listing issues new shares for cash capital increase.B. A company under Chapter II of the Listing Review Rules applying to be reclassified as a TIB-listed company issues new shares for cash capital increase in order to achieve compliance with standards governing dispersion of equity ownership.C. An OTC-listed company applying to transfer its listing to a stock exchange listing or a company under Chapter II of the Listing Review Rules applying to transfer its listing to an OTC listing, where the Taiwan Stock Exchange or the Taipei Exchange has filed the exchange listing or OTC listing contract with the FSC, issues new shares for cash capital increase in order to achieve compliance with standards governing dispersion of equity ownership.Where an issuer issues new shares in connection with receiving transfer of shares of another company, and files for effective registration with the FSC on the same day, that registration becomes effective 12 days from the date on which the FSC and FSC-designated institutions receive the registration application.Paragraph 1, subparagraph 2 does not apply to cases of issuance of new shares in connection with merger, issuance of new shares in connection with receiving transfer of shares of another company, or issuance of new shares in connection with acquisition or demerger conducted in accordance with related laws.
中文原文 發行人募集與發行有價證券處理準則第13條
發行人辦理下列各款案件，於本會及本會指定之機構收到發行新股申報書即日起屆滿二十個營業日生效：
一、募集設立者。
二、辦理第六條第二項第一款或第四款之案件，有下列各目情事之一者：
（一）前次因辦理第六條第二項各款規定之案件，曾經本會退回、不予核准、撤銷或廢止。
但自申報生效或申請核准通知到達之日起，尚未募足並收足現金款項而經本會撤銷或廢止，不在此限。
（二）發行人申報年度及前一年度違反本法及相關法令規定受本會依本法第一百七十八條處分達二次以上。
（三）發行人最近二年度之營業利益或稅前純益連續虧損或最近期財務報告顯示每股淨值低於面額。
（四）發行人涉及非常規交易應提列特別盈餘公積，尚未解除。
（五）申報年度及前二年度發生公司法第一百八十五條情事或有以部分營業、研發成果移轉予他公司。
但移轉項目之營業收入、資產及累計已投入研發費用均未達移轉時點前一年度財務報告營業收入、資產總額及同期間研發費用之百分之十，不在此限。
（六）申報年度及前二年度三分之一以上董事發生變動且有下列情形之一。
但發行人於前開變動前後，其董事席次有超過半數係由原主要股東控制者，不在此限：1.所檢送之財務報告顯示有增加主要產品（指該產品所產生之營業收入占營業收入百分之二十以上）且來自該增加主要產品之營業收入合計或營業利益合計占各該年度同一項目達百分之五十以上。
但主要產品營業收入前後二期相較增加未達百分之五十以上，該主要產品得不計入。
2.所檢送之財務報告顯示取得在建或已完工之營建個案，且來自該營建個案之營業收入或營業利益達各該年度同一項目之百分之三十。
3.所檢送之財務報告顯示受讓聯屬公司以外之他公司部分營業、研發成果，且來自該部分營業、研發成果之營業收入或營業利益達各該年度同一項目之百分之三十。
（七）證券承銷商於發行人申報時最近一年內經本會、證券交易所、財團法人中華民國證券櫃檯買賣中心及中華民國證券商業同業公會處記缺點累計達五點以上者。
發行人除依前項規定提出申報者外，於本會及本會指定之機構收到發行新股申報書即日起屆滿十二個營業日生效。
但金融控股、銀行、票券金融、信用卡及保險等事業以外之發行人，辦理下列案件，申報生效期間縮短為七個營業日：
一、興櫃股票公司、未上市或未在證券商營業處所買賣之公司辦理現金增資發行新股未提撥發行新股總額之一定比率對外公開發行者。
二、興櫃股票公司、未上市或未在證券商營業處所買賣之公司辦理合併發行新股、依法律規定進行收購或分割發行新股者。
三、辦理現金增資發行新股為初次上市、上櫃公開銷售者。
四、上市或上櫃公司因申請轉板或改列而辦理下列事項者：
（一）創新板上市公司申請改列為上市審查準則第二章規定之公司或申請轉上櫃辦理現金增資發行新股。
（二）上市審查準則第二章規定之公司申請改列為創新板上市公司辦理現金增資發行新股以符合股權分散標準。
（三）上櫃公司申請轉上市或上市審查準則第二章規定之公司申請轉上櫃，經證券交易所或財團法人中華民國證券櫃檯買賣中心向本會申報其股票上市或上櫃契約後，辦理現金增資發行新股以符合股權分散標準。
發行人受讓他公司股份發行新股者，於同日向本會提出申報，於本會及本會指定之機構收到申報書即日起屆滿十二個營業日生效。
辦理合併發行新股、受讓他公司股份發行新股、依法律規定進行收購或分割發行新股者，不適用第一項第二款規定。
一、募集設立者。
二、辦理第六條第二項第一款或第四款之案件，有下列各目情事之一者：
（一）前次因辦理第六條第二項各款規定之案件，曾經本會退回、不予核准、撤銷或廢止。
但自申報生效或申請核准通知到達之日起，尚未募足並收足現金款項而經本會撤銷或廢止，不在此限。
（二）發行人申報年度及前一年度違反本法及相關法令規定受本會依本法第一百七十八條處分達二次以上。
（三）發行人最近二年度之營業利益或稅前純益連續虧損或最近期財務報告顯示每股淨值低於面額。
（四）發行人涉及非常規交易應提列特別盈餘公積，尚未解除。
（五）申報年度及前二年度發生公司法第一百八十五條情事或有以部分營業、研發成果移轉予他公司。
但移轉項目之營業收入、資產及累計已投入研發費用均未達移轉時點前一年度財務報告營業收入、資產總額及同期間研發費用之百分之十，不在此限。
（六）申報年度及前二年度三分之一以上董事發生變動且有下列情形之一。
但發行人於前開變動前後，其董事席次有超過半數係由原主要股東控制者，不在此限：1.所檢送之財務報告顯示有增加主要產品（指該產品所產生之營業收入占營業收入百分之二十以上）且來自該增加主要產品之營業收入合計或營業利益合計占各該年度同一項目達百分之五十以上。
但主要產品營業收入前後二期相較增加未達百分之五十以上，該主要產品得不計入。
2.所檢送之財務報告顯示取得在建或已完工之營建個案，且來自該營建個案之營業收入或營業利益達各該年度同一項目之百分之三十。
3.所檢送之財務報告顯示受讓聯屬公司以外之他公司部分營業、研發成果，且來自該部分營業、研發成果之營業收入或營業利益達各該年度同一項目之百分之三十。
（七）證券承銷商於發行人申報時最近一年內經本會、證券交易所、財團法人中華民國證券櫃檯買賣中心及中華民國證券商業同業公會處記缺點累計達五點以上者。
發行人除依前項規定提出申報者外，於本會及本會指定之機構收到發行新股申報書即日起屆滿十二個營業日生效。
但金融控股、銀行、票券金融、信用卡及保險等事業以外之發行人，辦理下列案件，申報生效期間縮短為七個營業日：
一、興櫃股票公司、未上市或未在證券商營業處所買賣之公司辦理現金增資發行新股未提撥發行新股總額之一定比率對外公開發行者。
二、興櫃股票公司、未上市或未在證券商營業處所買賣之公司辦理合併發行新股、依法律規定進行收購或分割發行新股者。
三、辦理現金增資發行新股為初次上市、上櫃公開銷售者。
四、上市或上櫃公司因申請轉板或改列而辦理下列事項者：
（一）創新板上市公司申請改列為上市審查準則第二章規定之公司或申請轉上櫃辦理現金增資發行新股。
（二）上市審查準則第二章規定之公司申請改列為創新板上市公司辦理現金增資發行新股以符合股權分散標準。
（三）上櫃公司申請轉上市或上市審查準則第二章規定之公司申請轉上櫃，經證券交易所或財團法人中華民國證券櫃檯買賣中心向本會申報其股票上市或上櫃契約後，辦理現金增資發行新股以符合股權分散標準。
發行人受讓他公司股份發行新股者，於同日向本會提出申報，於本會及本會指定之機構收到申報書即日起屆滿十二個營業日生效。
辦理合併發行新股、受讓他公司股份發行新股、依法律規定進行收購或分割發行新股者，不適用第一項第二款規定。