Regulations Governing Futures Trust Funds Article 19

After approval or effective registration of a futures trust enterprise's application or filing for the offering or follow-on offering of a futures trust fund, the competent authority may void or revoke the approval under any of the following circumstances:1.The futures trust enterprise fails to begin offering or to establish the fund from the date of its receipt the approval letter until the deadline prescribed in Article 15.2.The futures trust enterprise has engaged in false, fraudulent, or other misleading activities when operating a futures trust enterprise, fund custody business, or other businesses authorized by the Futures Trading Act, or when a financial report or any other related business document reported or publicly announced by the futures trust enterprise or the fund custodian contains a misrepresentation or nondisclosure.3.The futures trust enterprise is in violation of Article 14.4.The futures trust enterprise experiences an event with a material impact on the rights and interests of beneficial owners and fails to act as prescribed in Article 10 of the Regulations Governing Futures Trust Enterprises by publicly announcing the matter or informing the beneficial owners within two days of the event and reporting the event to the competent authority.5.There have been other violations of these Regulations or the restrictions or prohibitions set by the competent authority at the time of approval of the application or effective registration.When the approval or effective registration granted to a futures trust enterprise is voided or revoked, fund-related matters shall be carried out by the futures trust enterprise in accordance with the futures trust deed.