Mandated Management Regulations of the National Pension Insurance Fund Article 5
The BLF shall select the managers and custodians by means of open solicitation and shall select them based on evaluating and reviewing the proposals of their management or custody service.The content of the management or custody service proposals stipulated in the preceding Paragraph is to be prescribed by the selection panel set up by the BLF. The BLF shall designate persons and hire scholars and experts, totally nine (9) to eleven (11) members, to form the selection panel, and one of them shall be designated as the convenor. The number of experts and scholars should be no less than half of the entire selection panel.The BLF may mandate a professional investment consultancy to assist in the selection, performance measurement, monitoring post-selection management of the managers and custodians.The BLF may engage an attorney to handle legal issues related to the mandated management.Relevant fees and costs required for conducting the mandated management prescribed in the two preceding Paragraphs shall be included and listed as the transaction costs of the mandated management.The BLF may, based on the order of rankings listed in the evaluation results, select the managers and custodians to enter into mandate agreements, as well as determine the ratio of the allocation of management fees or custody fees and the distribution of the amount entrusted for mandated management.The management fees prescribed in the preceding Paragraph shall be allocated at a fixed rate based on the net value of the entrusted assets under mandated management. However, if the actual performance of the managers exceeds or falls below the evaluation criteria set by the BLF, the BLF can set various levels of management fees to flexibly increase or decrease the allocated management fees.The allocated amount for the mandated management of each manager shall not exceed forty percent (40%) of the total amount entrusted by the Fund at the time of mandate. The total amount entrusted by the Fund includes the amount already entrusted at that time and the amount of the new entrustment.
中文原文 國民年金保險基金委託經營辦法第5條
基金運用局應以公開徵求方式遴選受託機構及保管機構，並就其經營或保管計畫建議書評審選定之。
前項經營或保管計畫建議書應載明事項，由基金運用局成立評審小組定之。
評審小組由基金運用局指派人員及遴聘學者專家共計九人至十一人組成，並指定其中一人為召集人，其中學者專家人數不得少於總人數二分之一。
受託機構及保管機構之遴選、績效評定及考核管理，基金運用局得委託專業投資顧問公司協助辦理。
委託經營之相關法律業務，基金運用局得聘請專業律師辦理。
前二項辦理委託經營所需之相關費用，應列入委託經營之交易成本。
基金運用局得就評審結果，依名次選定受託機構及保管機構辦理簽定委託契約、管理費或保管費提撥比率及分配委託經營額度。
前項管理費應按委託資產淨值以固定比率提撥之。
但得於受託機構實際經營績效超過或低於基金運用局所訂衡量標準時，設定級距彈性增減之。
每一受託機構之受託經營分配額度，不得超過委託當時本基金委託總額度百分之四十。
本基金委託總額度包括已委託金額及新增委託金額。
前項經營或保管計畫建議書應載明事項，由基金運用局成立評審小組定之。
評審小組由基金運用局指派人員及遴聘學者專家共計九人至十一人組成，並指定其中一人為召集人，其中學者專家人數不得少於總人數二分之一。
受託機構及保管機構之遴選、績效評定及考核管理，基金運用局得委託專業投資顧問公司協助辦理。
委託經營之相關法律業務，基金運用局得聘請專業律師辦理。
前二項辦理委託經營所需之相關費用，應列入委託經營之交易成本。
基金運用局得就評審結果，依名次選定受託機構及保管機構辦理簽定委託契約、管理費或保管費提撥比率及分配委託經營額度。
前項管理費應按委託資產淨值以固定比率提撥之。
但得於受託機構實際經營績效超過或低於基金運用局所訂衡量標準時，設定級距彈性增減之。
每一受託機構之受託經營分配額度，不得超過委託當時本基金委託總額度百分之四十。
本基金委託總額度包括已委託金額及新增委託金額。