Securities and Exchange Act Article 71
A securities underwriter that underwrites securities on a firm commitment basis shall, after the expiration of the period of underwriting specified in the underwriting agreement, subscribe for its own account the unsold portion, if any, of the securities it agreed to underwrite on a firm commitment basis.A securities underwriter that underwrites securities on a firm commitment basis may subscribe to such securities before placing them for sale or specify in the underwriting agreement that a portion of the securities covered in the agreement shall be reserved for subscription by the underwriter for its own account.The qualifications required for an underwriter to perform firm commitment underwriting shall be prescribed by the Competent Authority.
中文原文 證券交易法第71條
證券承銷商包銷有價證券，於承銷契約所訂定之承銷期間屆滿後，對於約定包銷之有價證券，未能全數銷售者，其賸餘數額之有價證券，應自行認購之。
證券承銷商包銷有價證券，得先行認購後再行銷售或於承銷契約訂明保留一部分自行認購。
證券承銷商辦理前項之包銷，其應具備之條件，由主管機關定之。
證券承銷商包銷有價證券，得先行認購後再行銷售或於承銷契約訂明保留一部分自行認購。
證券承銷商辦理前項之包銷，其應具備之條件，由主管機關定之。