Teresa Huang and Weke Chen The Financial Supervisory Commission announced the draft amendment to “Regulations Governing the Offering and Issuance of Securities by Securities Issuers,” creating a shelf registration system for companies with a market value over 2 billion and are listed or over-the-counter for 3 years. Under such a system, after declaring the issuance of securities, its securities may be issued in installments within and under a certain period and declaration quota, so there’s no need to re-declare.