Regulations Governing Futures Trust Funds Article 37
A futures trust enterprise that utilizes a futures trust fund to engage in futures trading or investment in futures-related spot instruments shall do so in accordance with the regions, markets, categories of futures, and the scope set out in the futures trust deed and in accordance with the provisions of these Regulations.A futures trust enterprise that utilizes a futures trust fund to engage in futures trading or investment shall adopt measures relating to risk monitoring and control and accounting treatment as part of the internal control system to be passed by its board of directors.The risk monitoring and control measures of the preceding paragraph shall include individual assessments of each type of possible risk associated with the trades or investments of the futures trust fund and a thorough control plan. The methods, parameters, and standards for assessment of each type of risk shall accord with the related rules prescribed by the Futures Association.The board of directors of a futures trust enterprise shall review at least every quarter the overall level of risk exposure, the method of calculating risk, and the maximum possible losses associated with all futures trust funds under its management and all futures trust funds for which it has granted other professional institutions discretionary authority for utilization.When a futures trust enterprise or its fund custodian discovers that the average net asset value per unit of a fund for the most recent three business days has fallen by a cumulative 40% or more from the initial net asset value per unit of the fund:1.For funds other than futures ETFs, it shall immediately report the matter to the competent authority and the Futures Association. The futures trust enterprise shall also immediately formulate a concrete plan for improvement, and report it to the board of directors.2.For futures ETFs, it shall immediately report the matter to the competent authority, the Futures Association, and the Taiwan Stock Exchange Corporation (TWSE) or the Taipei Exchange (TPEx). The futures trust enterprise shall also provide a concrete description of the cause.The beneficial owners of a futures trust fund are responsible only for payment of the price of subscription at the time they subscribe to a fund. When the net asset value of the fund is negative, the futures trust enterprise shall bear responsibility for the amount of the shortfall in the net asset value.
中文原文 期貨信託基金管理辦法第37條
期貨信託事業運用期貨信託基金從事期貨交易與期貨相關現貨商品之投資時，應依期貨信託契約所載得投資地區、市場、種類及範圍，並適用本辦法相關規定。
期貨信託事業運用期貨信託基金從事交易或投資，應於董事會通過之內部控制制度中訂定風險監控管理措施及會計處理事宜。
前項風險監控管理措施應針對期貨信託基金從事之交易或投資，分別衡量可能之各類型風險，訂定完善之控管計畫。
各類型風險之評量方式、參數及評量標準，應依同業公會所定相關規範辦理。
期貨信託事業之董事會至少應每季檢視所經理之所有期貨信託基金及全權委託其他專業機構運用期貨信託基金之總風險暴露程度、計算風險之方式及最大可能損失。
期貨信託事業或基金保管機構發現期貨信託基金最近三個營業日之平均單位淨資產價值較基金最初單位淨資產價值累積跌幅達百分之四十時：
一、非屬指數股票型期貨信託基金者，應立即通報主管機關及同業公會；期貨信託事業並應即擬具改善計畫提報董事會。
二、屬指數股票型期貨信託基金者，應立即通報主管機關、同業公會及臺灣證券交易所股份有限公司（以下簡稱證券交易所）或財團法人中華民國證券櫃檯買賣中心（以下簡稱證券櫃檯買賣中心），期貨信託事業並應提出具體原因說明。
期貨信託基金受益人之責任僅限於申購時所支付之申購價款，期貨信託基金之淨資產價值為負數時，該差額應由期貨信託事業負擔。
期貨信託事業運用期貨信託基金從事交易或投資，應於董事會通過之內部控制制度中訂定風險監控管理措施及會計處理事宜。
前項風險監控管理措施應針對期貨信託基金從事之交易或投資，分別衡量可能之各類型風險，訂定完善之控管計畫。
各類型風險之評量方式、參數及評量標準，應依同業公會所定相關規範辦理。
期貨信託事業之董事會至少應每季檢視所經理之所有期貨信託基金及全權委託其他專業機構運用期貨信託基金之總風險暴露程度、計算風險之方式及最大可能損失。
期貨信託事業或基金保管機構發現期貨信託基金最近三個營業日之平均單位淨資產價值較基金最初單位淨資產價值累積跌幅達百分之四十時：
一、非屬指數股票型期貨信託基金者，應立即通報主管機關及同業公會；期貨信託事業並應即擬具改善計畫提報董事會。
二、屬指數股票型期貨信託基金者，應立即通報主管機關、同業公會及臺灣證券交易所股份有限公司（以下簡稱證券交易所）或財團法人中華民國證券櫃檯買賣中心（以下簡稱證券櫃檯買賣中心），期貨信託事業並應提出具體原因說明。
期貨信託基金受益人之責任僅限於申購時所支付之申購價款，期貨信託基金之淨資產價值為負數時，該差額應由期貨信託事業負擔。