Mandated Management Regulations of the National Pension Insurance Fund Article 3
The manager mandated by the Fund to manage the Fund shall be an overseas or domestic asset management institution or its branch institution complying with relevant regulations on governing asset management businesses, provided that a domestic asset management institution shall also comply with relevant regulations promulgated by the industry competent authorities.The manager mandated for domestic investment management shall satisfy the following qualifications:1. The manager must be established for three (3) years or more.2. The manager must be incorporated or recognized under the laws and regulations of the Republicof China to conduct business in the Republic of China.3. The manager’s clients’ assets under management must be no less than NT$10 billion up to the end of the month preceding the public tender date. The cumulative rate of return of a single fund or trust account under its management for the past three years must be no less than that of the benchmark commonly used in the market or the rate of return set forth by the BLF. The operational definition of the types of the fund or the assets under management shall be determined by the BLF.The cumulative rate of return of the fund mentioned in Subparagraph 3 of the preceding Paragraph is calculated on the basis of the cumulative rate of return adopted by the Securities Investment Trust and Consulting Association of the R.O.C. (SITCA). The cumulative rate of return on trust assets is calculated on the basis of the cumulative rate of return on the net value calculated by the custodian.The manager mandated for overseas investment management shall satisfy the following qualifications:1. The manager must be established for three (3) years or more.2. The manager must be incorporated and registered to conduct business under the laws and regulations of the Republic of China or any of the foreign countries.3. The historical performance of the mandate type that the manager applies for shall be three years.4. The manager’s clients’ assets under management must be no less than US$5 billion or the equivalent to other currencies up to the end of the quarter preceding the public tender date.5. The manager must have branch institution(s), business operation venue(s), or service team(s) in the territory of the Republic of China.The starting dates for the second and the preceding Paragraphs shall be specified by the BLF.
中文原文 國民年金保險基金委託經營辦法第3條
本基金委託經營之受託機構，除國內受託機構應符合目的事業主管機關法令規定外，以合於經營資產管理業務相關規定之國內、外資產管理機構及其分支機構為對象。
受託經營國內投資運用項目者，應具備下列資格：
一、成立三年以上。
二、依中華民國法令設立登記或經認許，並在中華民國境內營業。
三、公開徵求日前一個月底，所管理之資產總規模，應達新臺幣一百億元，且所管理之單一基金或信託帳戶最近三年累計收益率，應達基金運用局指定市場常用衡量指標或收益率。
基金或受託管理資產類型之操作性定義，由基金運用局定之。
前項第三款所定基金累計收益率，依中華民國證券投資信託暨顧問商業同業公會採用之累計報酬率計算；信託資產累計收益率，依保管機構計算之淨值累計報酬率計算。
受託經營國外投資運用項目者，應具備下列條件：
一、成立三年以上。
二、依中華民國法令或外國法令設立登記營業。
三、所管理之基金運用局指定基金類型，歷史績效應達三年。
四、公開徵求日前一個季底，所管理之資產總規模，應達等值美金五十億元。
五、在中華民國境內設有分支機構、營運據點或服務團隊。
第二項及前項各款起算日期，由基金運用局指定之。
受託經營國內投資運用項目者，應具備下列資格：
一、成立三年以上。
二、依中華民國法令設立登記或經認許，並在中華民國境內營業。
三、公開徵求日前一個月底，所管理之資產總規模，應達新臺幣一百億元，且所管理之單一基金或信託帳戶最近三年累計收益率，應達基金運用局指定市場常用衡量指標或收益率。
基金或受託管理資產類型之操作性定義，由基金運用局定之。
前項第三款所定基金累計收益率，依中華民國證券投資信託暨顧問商業同業公會採用之累計報酬率計算；信託資產累計收益率，依保管機構計算之淨值累計報酬率計算。
受託經營國外投資運用項目者，應具備下列條件：
一、成立三年以上。
二、依中華民國法令或外國法令設立登記營業。
三、所管理之基金運用局指定基金類型，歷史績效應達三年。
四、公開徵求日前一個季底，所管理之資產總規模，應達等值美金五十億元。
五、在中華民國境內設有分支機構、營運據點或服務團隊。
第二項及前項各款起算日期，由基金運用局指定之。