Regulations Governing Information to be Recorded in the Prospectus by a Trustee Offering Beneficial Securities in a Real Estate Investment Trust or Real Estate Asset Trust Article 24
The investment risk disclosure shall list the following risk factors:1.Risk of illiquidity in the market for beneficial securities.2.Risk of illiquidity in the real estate market.3.Risk of change in expected returns on the trust assets.4.Risk of over-concentration of trust assets.5.Risk of interest rate fluctuation.6.Other risks.7.Suitability of subscribers (the following texts shall be printed prominently):A."REAT beneficial securities are not an appropriate investment vehicle for everyone. A subscriber should have sufficient professional knowledge and experience to assess the value and the risks of the beneficial securities and all of the information included in this prospectus.B."A subscriber must personally assess the potential influence of the economic environment and other factors on investment returns."C."A subscriber must possess sufficient financial resources and liquidity to bear all risks associated with beneficial securities."
中文原文 受託機構募集不動產投資信託或資產信託受益證券公開說明書應行記載事項準則第24條
投資風險揭露應記載下列風險要素事項：
一、受益證券市場流動性不足之風險。
二、不動產市場流動性不足之風險。
三、信託財產預期收益變動之風險。
四、信託財產過度集中之風險。
五、利率變動之風險。
六、其他風險。
七、應募人適宜性（以顯著方式刊印下列文字）：
（一）不動產資產信託受益證券並非適合所有人之投資工具，應募人需有足夠之專業知識與經驗來評估受益證券之價值及風險，以及包含於本公開說明書中之所有資訊。
（二）應募人需自行評估經濟環境及其他因素可能對投資收益造成之影響。
（三）應募人需有足夠財力及流動性來承擔受益證券所有相關之風險。
一、受益證券市場流動性不足之風險。
二、不動產市場流動性不足之風險。
三、信託財產預期收益變動之風險。
四、信託財產過度集中之風險。
五、利率變動之風險。
六、其他風險。
七、應募人適宜性（以顯著方式刊印下列文字）：
（一）不動產資產信託受益證券並非適合所有人之投資工具，應募人需有足夠之專業知識與經驗來評估受益證券之價值及風險，以及包含於本公開說明書中之所有資訊。
（二）應募人需自行評估經濟環境及其他因素可能對投資收益造成之影響。
（三）應募人需有足夠財力及流動性來承擔受益證券所有相關之風險。