Regulations Governing Futures Trust Funds Article 39
A futures trust enterprise that utilizes a futures trust fund offered to unspecified persons to engage in trading referred to in paragraph 1, subparagraph 1 of the preceding article shall do so according to the following conditions, except with the approval of the competent authority:1.The sum of the initial margins necessary for open positions in futures contracts, futures option contracts ("futures options") and options contracts and the net amount of premiums paid and collected for trades of futures options and options contracts may not exceed 70 percent of the net asset value of the given futures trust fund.2.The initial margin required for open positions in the nearest and next-nearest contract months, respectively, of any single futures contract may not exceed 10 percent of the net asset value of the given futures trust fund; the initial margin required for open positions in any other contract month of the same single futures contract may not exceed 5 percent of the net asset value of the given futures fund.3.The sum of the amount of the initial margin required for an open position in a single options series and the net amount of premiums paid and collected for trades of the same options series may not exceed 10 percent of the net asset value of the given futures trust fund.4.The sum of the initial margin required for open positions in futures contracts, futures options and options contracts with a single underlying commodity or financial instrument and the net amount of premiums paid and collected for trades of futures options and options contracts with the same single underlying commodity or financial instrument may not exceed 20 percent of the net asset value of the given futures trust fund.The restrictions of subparagraphs 2 and 4 of the preceding paragraph shall not apply to a futures trust enterprise that utilizes a futures ETF offered to unspecified persons to engage in trades specified in paragraph 1, subparagraph 1 of the preceding article, and that discloses its relevant risk monitoring and control measures in the prospectus.The term "options series" as used in paragraph 1, subparagraph 3 means call and put options contracts of the given futures option and option contracts with the same underlying, maturity date, and strike price.
中文原文 期貨信託基金管理辦法第39條
期貨信託事業運用對不特定人所募集之期貨信託基金從事前條第一項第一款交易，除主管機關核准外，應符合下列規定：
一、持有期貨契約、期貨選擇權（以下簡稱期權）契約及選擇權契約未平倉部位所需原始保證金，加計從事期權與選擇權契約交易所支付與收取權利金淨額之合計數，不得超過本期貨信託基金淨資產價值之百分七十。
二、持有單一期貨契約，其最近及次近月份之未平倉部位所需原始保證金，分別不得超過本期貨信託基金淨資產價值之百分之十；持有相同單一期貨契約各其他月份之未平倉部位所需原始保證金，不得超過本期貨信託基金淨資產價值之百分之五。
三、持有單一選擇權序列之未平倉部位所需原始保證金，加計從事同一選擇權序列交易所支付與收取權利金淨額之合計數，不得超過本期貨信託基金淨資產價值之百分之十。
四、持有單一標的商品或金融工具期貨契約、期權契約及選擇權契約未平倉部位所需原始保證金，加計從事同一標的商品或金融工具期權契約與選擇權契約交易所支付與收取權利金淨額之合計數，不得超過本期貨信託基金淨資產價值之百分之二十。
期貨信託事業運用對不特定人所募集之指數股票型期貨信託基金從事前條第一項第一款交易，於公開說明書揭露相關風險監控措施者，不受前項第二款及第四款限制。
第一項第三款所稱選擇權序列，指具有相同標的物、到期日及履約價之期權及選擇權買權契約或賣權契約。
一、持有期貨契約、期貨選擇權（以下簡稱期權）契約及選擇權契約未平倉部位所需原始保證金，加計從事期權與選擇權契約交易所支付與收取權利金淨額之合計數，不得超過本期貨信託基金淨資產價值之百分七十。
二、持有單一期貨契約，其最近及次近月份之未平倉部位所需原始保證金，分別不得超過本期貨信託基金淨資產價值之百分之十；持有相同單一期貨契約各其他月份之未平倉部位所需原始保證金，不得超過本期貨信託基金淨資產價值之百分之五。
三、持有單一選擇權序列之未平倉部位所需原始保證金，加計從事同一選擇權序列交易所支付與收取權利金淨額之合計數，不得超過本期貨信託基金淨資產價值之百分之十。
四、持有單一標的商品或金融工具期貨契約、期權契約及選擇權契約未平倉部位所需原始保證金，加計從事同一標的商品或金融工具期權契約與選擇權契約交易所支付與收取權利金淨額之合計數，不得超過本期貨信託基金淨資產價值之百分之二十。
期貨信託事業運用對不特定人所募集之指數股票型期貨信託基金從事前條第一項第一款交易，於公開說明書揭露相關風險監控措施者，不受前項第二款及第四款限制。
第一項第三款所稱選擇權序列，指具有相同標的物、到期日及履約價之期權及選擇權買權契約或賣權契約。