Regulations for Approving and Supervising Cultural Public-interest Trusts Article 7

The competent authority shall review the following matters with respect to the application made pursuant to Paragraph 1 of Article 5:1. whether the establishment of the trust is for purposes of the public interest;2. whether the content of such beneficial entrusted action will realize the purpose of the trust;3. whether the entrusted properties are properties that the trustor has a right to dispose of;4. whether the trustee(s) has the ability to manage or dispose of the entrusted properties;5. whether the supervisor of the trust has the ability to supervise the trust; and 6. whether the trust business plan and budget plan are appropriate.If the establishing purpose of the cultural public-interest trust is related to the business of other competent authorities, the primary competent authority may consult the opinion of such other competent authorities when reviewing the application.The competent authority shall issue the establishment permit and trustee(s) permit if it approves the application after reviewing in accordance with the preceding two paragraphs. Otherwise, a rejection notice with reasons therefore should be given to the applicant.