Regulations Governing the Public Offering or Private Placement of REIT and REAT Beneficiary Securities by a Trustee Article 23
Where any of the circumstances listed below is discovered during the period after the approval of a trustee’s application to make public offering or additional public offering of beneficiary securities and before the exchange listing or commencement of over-the-counter trading of the beneficiary securities, the Competent Authority may void or revoke its approval:1.It has failed to complete the public offering and collect payments within the specified time period, in violation of Subparagraph 1 of Article 20 herein.2.The trustee has committed false, fraudulent, or other misleading acts in the course of public offering, or its application documentation contains misrepresentation or concealment.3.The trust is found to have violated applicable acts or regulations, where the violation is of serious nature.4.The trustee has publicly announced false information or information inconsistent with its application documentation, with a material effect on the rights or interests of subscribers or purchasers or the price of the beneficiary securities.5.Any violation of Article 17.6.A material change has occurred to the trust property of the REAT, with a serious impact on the price or issuance conditions of the beneficiary securities.7.Any other violation of these Regulations or the regulations of the Competent Authority, or of provisions regarding limitations or prohibitions of which the trustee was notified by the Competent Authority at the time the application was approved.Where any of the circumstances in Subparagraphs 2 to 7 of the preceding paragraph is found to exist after a trustee has obtained application approval or effective registration to private placement or additional private placement of beneficiary securities, the Competent Authority may void or revoke the approval or effective registration.Where the trustee has already collected payments at the time the application approval or effective registration is voided or revoked, it shall return those payments plus interest in accordance with law within ten (10) days from the date on which it received notification of voidance or revocation from the Competent Authority.
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23條
受託機構募集或追加募集受益證券經申請核准後，於受益證券上市或櫃檯買賣前，經發現有下列情形之一者，主管機關得撤銷或廢止其核准：
一、違反第二十條第一款規定，逾期尚未募集完成並收取款項。
二、受託機構募集受益證券有虛偽、詐欺或其他足致他人誤信之行為或其申請書件有虛偽或隱匿之情事。
三、經發現受託機構有違反相關法令，情節重大。
四、受託機構對外發表不實資訊或發布資訊與申請書件不符，且對應募人或購買人之權益或受益證券價格有重大影響。
五、違反第十七條規定情事。
六、不動產資產信託之信託財產發生重大變化，致嚴重影響受益證券價格或發行條件。
七、其他有違反本辦法或主管機關規定，或主管機關於通知申請核准時之限制或禁止規定。
受託機構私募或追加私募受益證券經申請核准或申報生效後，經發現有前項第二款至第七款情形之一者，主管機關得撤銷或廢止其核准或生效。
經撤銷或廢止申請核准或申報生效時已收取價款者，受託機構應於接獲主管機關撤銷或廢止通知之日起十日內，依法加計利息返還該價款。
一、違反第二十條第一款規定，逾期尚未募集完成並收取款項。
二、受託機構募集受益證券有虛偽、詐欺或其他足致他人誤信之行為或其申請書件有虛偽或隱匿之情事。
三、經發現受託機構有違反相關法令，情節重大。
四、受託機構對外發表不實資訊或發布資訊與申請書件不符，且對應募人或購買人之權益或受益證券價格有重大影響。
五、違反第十七條規定情事。
六、不動產資產信託之信託財產發生重大變化，致嚴重影響受益證券價格或發行條件。
七、其他有違反本辦法或主管機關規定，或主管機關於通知申請核准時之限制或禁止規定。
受託機構私募或追加私募受益證券經申請核准或申報生效後，經發現有前項第二款至第七款情形之一者，主管機關得撤銷或廢止其核准或生效。
經撤銷或廢止申請核准或申報生效時已收取價款者，受託機構應於接獲主管機關撤銷或廢止通知之日起十日內，依法加計利息返還該價款。