Regulations Governing the Public Offering or Private Placement of REIT and REAT Beneficiary Securities by a Trustee Article 13

A trustee that publicly offers REAT beneficiary securities shall engage a securities underwriter to sell the full amount of the securities on a firm commitment basis, unless otherwise provided by act or regulation.If any of the circumstances in Subparagraphs 1 to 8, Paragraph 1 of Article 26 of the Regulations Governing Securities Firms exists between a securities underwriter referred to in the preceding paragraph and the trustor, such securities underwriter may not be the lead underwriter for REAT beneficiary securities issued by the trustee.
中文原文 受託機構募集或私募不動產投資信託或資產信託受益證券處理辦法第13條
受託機構募集不動產資產信託受益證券,除法令另有規定者外,應全數委託證券承銷商包銷。
前項所定證券承銷商與委託人有證券商管理規則第二十六條第一項第一款至第八款情事之一者,不得為受託機構發行不動產資產信託受益證券之主辦承銷商。

English translation for reference only; the Chinese text prevails. Not legal advice.