Regulations for Management, Utilization, and Supervision of the National Pension Insurance Fund Article 7
When investing domestically, the Fund shall follow the following investment restrictions:1. The total cost of investment in any single equity security, debt security, fund, or asset securitization product shall be no more than 5% of the total value utilized from the Fund at the time of investment;2. The accumulated total amount for the investment in any single debt security for corporate bonds shall be no more than 10% of the net value of the issuing company at the time of investment; the accumulated total amount for the investment in financial debentures shall be no more than 20% of the net value of the issuing financial institutions at the time of investment;3. Investment in domestic asset securitization products issued by any single entrusted institution or special purpose company shall be no more than 10% of the total amount of each issuing security at the time of investment;4. The total amount for the investment in any single equity security shall be no more than 10% of the total amount of each issuing security at the time of investment;5. The total amount for the investment in any single fund shall be no more than 10% of the units of beneficiary certificates issued by the fund. The total investment in a single exchange-traded fund (ETF) shall be no more than 20% of the units of the issuing beneficiary certificates.The issuing companies, guarantee institutions, or entrusted institutions referred to in Subparagraphs 2 and 3 of the preceding paragraph shall have no less than the specific ratings awarded by credit rating institutions that are internationally recognized or approved by the competent authority in charge of finance.
中文原文 國民年金保險基金管理運用及監督辦法第7條
本基金國內投資之限制，規定如下：
一、投資於單一權益證券、債務證券、基金或資產證券化商品之總成本，不得超過投資當時本基金運用總額百分之五。
二、投資於單一債務證券累計總額，公司債不得超過投資當時發行公司淨值百分之十；金融債券不得超過投資當時發行金融機構淨值百分之二十。
三、投資於單一受託機構或特殊目的公司發行之國內資產證券化商品，不得超過投資當時各該證券發行總額百分之十。
四、投資於單一權益證券之總額，不得超過投資當時各該證券發行總額百分之十。
五、投資於單一基金之總額，不得超過該基金已發行受益權單位數百分之十。
單一基金為指數股票型證券投資信託基金者，不得超過各該基金已發行受益權單位數百分之二十。
前項第二款及第三款之發行公司、保證機構或受託機構，應經國際知名或金融主管機關核准經營信用評等事業之機構評定為一定等級以上者。
一、投資於單一權益證券、債務證券、基金或資產證券化商品之總成本，不得超過投資當時本基金運用總額百分之五。
二、投資於單一債務證券累計總額，公司債不得超過投資當時發行公司淨值百分之十；金融債券不得超過投資當時發行金融機構淨值百分之二十。
三、投資於單一受託機構或特殊目的公司發行之國內資產證券化商品，不得超過投資當時各該證券發行總額百分之十。
四、投資於單一權益證券之總額，不得超過投資當時各該證券發行總額百分之十。
五、投資於單一基金之總額，不得超過該基金已發行受益權單位數百分之十。
單一基金為指數股票型證券投資信託基金者，不得超過各該基金已發行受益權單位數百分之二十。
前項第二款及第三款之發行公司、保證機構或受託機構，應經國際知名或金融主管機關核准經營信用評等事業之機構評定為一定等級以上者。