Regulations Governing the Offering and Issuance of Securities by Securities Issuers Article 7
Upon the occurrence of any one of the following events, the FSC may reject an issuer's filing for registration for offering and issuance of securities:1. The attesting CPAs issue a disclaimer of opinion or an adverse opinion in the audit report.2. The attesting CPAs issue a qualified opinion in the audit report and such opinion has an impact on the fair presentation of the financial reports.3. The Case Review Form prepared by the issuer, reviewed by the attesting CPAs, and provided by the securities underwriter reveals any violation of laws or regulations or articles of incorporation of the issuer and such violation has impacts on the offering and issuance of securities.4. The legal opinion issued by a lawyer indicates that there exists violation of law or regulations and such violation has impacts on the offering and issuance of securities.5. The evaluation report from the underwriter fails to specify the feasibility, necessity, and reasonability of the plan for the current offering and issuance.6. The issuer files an application again under paragraph 2 of the preceding article within 3 months after receipt of notice from the FSC in which the FSC has rejected the issuer's application, has voided or revoked the application, or the issuer has withdrawn its registration filing or application made under these Regulations. These restrictions do not apply, however, to the 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 an acquisition or demerger conducted in accordance with related laws.7. An issuer files for registration of a cash capital increase or an issue of corporate bonds, and the aggregated amount directly or indirectly invested in the mainland China area violates the regulations of the Ministry of Economic Affairs. However, the aforesaid restriction need not apply where the funds are to be used in purchase of domestic property, plant and equipment and promise has been undertaken to refrain from increasing investment in mainland China.8. There has been a material failure by an exchange-listed, OTC-listed, or emerging stock company to establish a remuneration committee pursuant to Article 14-6, paragraph 1 of the Act or material failure to comply with laws or regulations applicable thereto.9. The issuer fails to adopt an electronic means as one of the methods for exercising voting power pursuant to the proviso of Article 177-1, paragraph 1 of the Company Act.10. There has been a material violation or failure to perform the undertakings made upon application for listing in the stock exchange market or OTC market.11. The FSC finds that there has been a material violation of relevant laws or regulations.
中文原文 發行人募集與發行有價證券處理準則第7條
發行人申報募集與發行有價證券，有下列情形之一，本會得退回其案件：
一、簽證會計師出具無法表示意見或否定意見之查核報告者。
二、簽證會計師出具保留意見之查核報告，其保留意見影響財務報告之允當表達者。
三、發行人填報、簽證會計師複核或主辦證券承銷商出具之案件檢查表，顯示有違反法令或公司章程，致影響有價證券之募集與發行者。
四、律師出具之法律意見書，表示有違反法令，致影響有價證券之募集與發行者。
五、證券承銷商出具之評估報告，未明確表示本次募集與發行有價證券計畫之可行性、必要性及合理性者。
六、經本會退回、撤銷、廢止或自行撤回其依本準則申報（請）案件，發行人自接獲本會通知即日起三個月內辦理前條第二項規定之案件者。
但本次辦理合併發行新股、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，不在此限。
七、申報現金增資或發行公司債案件，直接或間接赴大陸地區投資金額違反經濟部規定者。
但其資金用途係用於國內購置不動產、廠房及設備並承諾不再增加對大陸地區投資，不在此限。
八、上市、上櫃公司或興櫃股票公司未依本法第十四條之六第一項規定設置薪資報酬委員會或未依相關法令規定辦理，情節重大者。
九、未依公司法第一百七十七條之一第一項但書規定將電子方式列為表決權行使管道之一者。
十、違反或不履行申請股票上市或在證券商營業處所買賣時之承諾事項，情節重大者。
十一、經本會發現有違反法令，情節重大者。
一、簽證會計師出具無法表示意見或否定意見之查核報告者。
二、簽證會計師出具保留意見之查核報告，其保留意見影響財務報告之允當表達者。
三、發行人填報、簽證會計師複核或主辦證券承銷商出具之案件檢查表，顯示有違反法令或公司章程，致影響有價證券之募集與發行者。
四、律師出具之法律意見書，表示有違反法令，致影響有價證券之募集與發行者。
五、證券承銷商出具之評估報告，未明確表示本次募集與發行有價證券計畫之可行性、必要性及合理性者。
六、經本會退回、撤銷、廢止或自行撤回其依本準則申報（請）案件，發行人自接獲本會通知即日起三個月內辦理前條第二項規定之案件者。
但本次辦理合併發行新股、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，不在此限。
七、申報現金增資或發行公司債案件，直接或間接赴大陸地區投資金額違反經濟部規定者。
但其資金用途係用於國內購置不動產、廠房及設備並承諾不再增加對大陸地區投資，不在此限。
八、上市、上櫃公司或興櫃股票公司未依本法第十四條之六第一項規定設置薪資報酬委員會或未依相關法令規定辦理，情節重大者。
九、未依公司法第一百七十七條之一第一項但書規定將電子方式列為表決權行使管道之一者。
十、違反或不履行申請股票上市或在證券商營業處所買賣時之承諾事項，情節重大者。
十一、經本會發現有違反法令，情節重大者。