Mandated Management Regulations of the National Pension Insurance Fund Article 8
The mandate agreement entered into by and between the BLF and the manager shall be executed in Chinese. However, if the mandate agreement is required to be executed in any foreign language, a Chinese translation thereof shall be attached. If the content of the mandate agreement in any foreign language is inconsistent with it in the Chinese language, the Chinese version shall prevail. The interpretation of the provisions of the mandate agreement shall be governed by the laws agreed upon by both parties.The mandate agreement prescribed in the preceding Paragraph shall contain the following:1. An arbitration clause or a clause on the court of jurisdiction for dispute settlement.2. The manager shall comply with the principle of recusal in the event of conflicts of interest and shall not subcontract or assign the manager’s performance obligations and duties under the mandate agreement to anyone else.3. In managing the matters mandated by the BLF, the manager shall use the financial institution designated by the BLF as the fund custodian to conduct matters relating to the custody, trade settlement, and accounts management of the mandated assets and investment revenues.4. If the domestic securities purchased by the manager with the mandated assets are in registered form, such securities shall be registered under the name of the Fund; however, the investment in foreign securities shall be conducted in accordance with the custodian agreements between the BLF and overseas custodians.5. The independent accounting treatment adopted by the manager in managing the mandated asset;the preparation and presentation for review of accounting statements; the retention period for relevant evidence, account books, and statements; and on-site due diligence by the BLF.6. The manager shall deliver details of the net value of mandated assets and any change in investment to the BLF on a regular basis, as per the BLF’s request.7. The manager’s responsibilities and fiduciary duty.8. The restriction on the total amount of investment in any equity securities, debt securities,financial derivatives, or any other kinds of securities.9. The restriction on the ratio of investment in any equity securities of a domestic company to the total number of issued shares of such company.10. Calculation method of net asset value and rate of return for the mandated asset.11. Events of agreement rescission and termination.12. Any other matters that the BLF considers necessary to set forth in such mandate agreement based on the nature of such mandate agreement.13. Calculation method for the management fees.A lawyer who has practiced for five (5) years or more shall be engaged to issue a legal opinion on a mandate agreement prescribed in Paragraph 1; for overseas mandate management, such engaged lawyer shall have experience of relevant international legal practice. However, it is not required to engage a lawyer to issue a legal opinion in the circumstances where a mandate agreement is drafted by a retained lawyer, the renewal of the original mandate agreement, the renewal of the mandate management, or an increase of the entrusted amount.A lawyer who issues a legal opinion shall not have been disciplined under the Attorney Regulation Act, the Attorney Discipline Rules, or any other regulations within two (2) years before issuing such legal opinion.The legal opinion shall contain the name of the lawyer who issued the legal opinion and his/her legal opinion. If the issuing lawyer suggests an amendment to the legal opinion, the issuing lawyer shall state the suggested amendment, the reasons for such an amendment, and the legal grounds thereof.
中文原文 國民年金保險基金委託經營辦法第8條
基金運用局與受託機構所定委託契約，應以中文為之。
但依約需要以外文為之者，應附中文譯本，並以中文版本為主。
契約條款之解釋，以雙方約定之法律為準據法。
前項契約應包含下列內容：
一、解決糾紛之仲裁條款或管轄法院。
二、受託機構應遵循利益迴避原則及不得複委託。
三、受託機構經營基金運用局委託事項，以基金運用局指定之金融機構為保管機構，辦理資產保管、買賣交割及帳務處理等事宜。
四、受託機構運用受託資產買入國內有價證券，屬記名證券者，以本基金名義登記。
但投資於國外之有價證券應依基金運用局與國外受託保管機構所訂契約辦理。
五、受託機構經營受託資產採獨立之會計處理，會計報表之製作、提供審閱與相關憑證、帳簿及報表應保存年限，及基金運用局得實地查核之事項。
六、受託機構應依要求定期將受託資產淨值、投資明細變動情形送基金運用局。
七、受託機構應負之責任及忠實義務。
八、投資於任一權益證券、債務證券、衍生性金融商品或其他有價證券總金額之限制。
九、投資於國內任一權益證券占該公司已發行股份總數比率之限制。
十、受託淨資產價值及收益率之計算方式。
十一、解除契約及終止契約情事。
十二、其他依該契約經營性質，基金運用局認有必要訂定之事項。
十三、管理費計算方式。
第一項契約應先徵請執業五年以上專業律師出具法律意見書，國外委託經營所委任律師應具有相關國際法律執業經驗。
但已委請專業律師擬訂契約、原契約之續約、再度辦理委託經營或增加委託經營額度者，得免徵請專業律師出具法律意見書。
出具法律意見書之律師，以簽署法律意見書之最近二年內，未受律師法、律師懲戒規則或其他法令規定懲戒處分者為限。
法律意見書應載明出具法律意見之律師姓名及其法律意見，其有修正建議者，應載明修改建議、理由及其法律依據。
但依約需要以外文為之者，應附中文譯本，並以中文版本為主。
契約條款之解釋，以雙方約定之法律為準據法。
前項契約應包含下列內容：
一、解決糾紛之仲裁條款或管轄法院。
二、受託機構應遵循利益迴避原則及不得複委託。
三、受託機構經營基金運用局委託事項，以基金運用局指定之金融機構為保管機構，辦理資產保管、買賣交割及帳務處理等事宜。
四、受託機構運用受託資產買入國內有價證券，屬記名證券者，以本基金名義登記。
但投資於國外之有價證券應依基金運用局與國外受託保管機構所訂契約辦理。
五、受託機構經營受託資產採獨立之會計處理，會計報表之製作、提供審閱與相關憑證、帳簿及報表應保存年限，及基金運用局得實地查核之事項。
六、受託機構應依要求定期將受託資產淨值、投資明細變動情形送基金運用局。
七、受託機構應負之責任及忠實義務。
八、投資於任一權益證券、債務證券、衍生性金融商品或其他有價證券總金額之限制。
九、投資於國內任一權益證券占該公司已發行股份總數比率之限制。
十、受託淨資產價值及收益率之計算方式。
十一、解除契約及終止契約情事。
十二、其他依該契約經營性質，基金運用局認有必要訂定之事項。
十三、管理費計算方式。
第一項契約應先徵請執業五年以上專業律師出具法律意見書，國外委託經營所委任律師應具有相關國際法律執業經驗。
但已委請專業律師擬訂契約、原契約之續約、再度辦理委託經營或增加委託經營額度者，得免徵請專業律師出具法律意見書。
出具法律意見書之律師，以簽署法律意見書之最近二年內，未受律師法、律師懲戒規則或其他法令規定懲戒處分者為限。
法律意見書應載明出具法律意見之律師姓名及其法律意見，其有修正建議者，應載明修改建議、理由及其法律依據。