Regulations Governing Futures Trust Funds Article 49
A futures trust enterprise offering a futures trust fund to unspecified persons shall utilize the futures trust fund assets in accordance with these Regulations and the provisions of the futures trust deed, and shall observe the following conditions unless the competent authority provides otherwise:1.The futures trust enterprise may not invest in non-listed or non-OTC-listed stocks, privately-placed securities, or the beneficial certificates of a futures trust fund offered to persons meeting certain eligibility requirements.2.The aggregate amount of all margins and premiums collected and paid in relation to the trades under Article 38, paragraph 1, subparagraphs 1 and 2 may not be lower than a certain percentage of the net asset value of the futures trust fund prescribed by the competent authority.3.The futures trust enterprise may not make loans or provide security. This restriction shall not apply to futures trust enterprises in compliance with Article 25 of the Regulations Governing Futures Trust Enterprises.4.The futures trust enterprise may not engage in securities margin transactions.5.The futures trust enterprise may not engage in trading of futures and securities with the various other futures trust funds, securities investment trust funds, mutual trust funds, discretionary investment accounts, or accounts for the trading of securities with self-owned funds under the common management of the futures trust enterprise. This restriction does not apply, however, when such trading results from trades made through centralized exchange markets or through a securities firm's place of business, and was not produced deliberately.6.The futures trust enterprise may not invest in securities issued by the futures trust enterprise itself or an interested company, with the exception of fund beneficial certificates, fund shares, and investment units.7.When the futures trust fund is utilized to invest in any other futures trust fund or securities investment trust fund managed by the same futures trust enterprise, a management fee may not be charged.8.The futures trust enterprise may not use a futures trust fund to purchase the beneficial certificates of that same fund. This restriction shall not apply in the case of requests by beneficial owners for redemption of beneficial certificates, or when beneficial certificates are redeemed due to the discontinuance of all or some part of the fund.9.The total amount invested by any fund in the stocks, corporate bonds, or financial bonds of any single listed or OTC-listed company may not exceed ten percent of the net asset value of the fund.10.The total amount invested by any futures trust fund in the shares of any single listed or OTC-listed company may not exceed ten percent of the total issued and outstanding shares of that company; the total amount invested by all futures trust funds and securities investment trust funds under the common management of a futures trust enterprise in the shares of any single listed or OTC-listed company may not exceed ten percent of the total issued and outstanding shares of that company.11.The total amount invested by any futures trust fund in an underwriting of shares of any single listed or OTC-listed company may not exceed one percent of the total shares underwritten; the total amount invested in any single underwriting by all futures trust funds and securities investment trust funds under the common management of a futures trust enterprise may not exceed three percent of the total of shares being underwritten.12.The total amount invested by any futures trust fund in beneficial certificates of securities investment trust funds may not exceed 10 percent of the futures trust fund's net asset value; the total investment by all of the futures trust funds and securities investment trust funds under the common management of a futures trust enterprise in the beneficial units of any single futures trust fund or securities investment trust fund may not exceed twenty percent of the number of beneficial units already issued by the invested fund.13.The total amount invested by any futures trust fund in the unsecured corporate bonds of any single company may not exceed ten percent of the unsecured corporate bonds issued by that company.14.The securities held by a futures trust fund may not be loaned to another person. This restriction shall not apply to loans meeting the conditions of Article 53.15.Proxy forms for shareholders' meetings of an issuing company whose shares are purchased by a fund may not be sold or transferred.16.For the stock transactions and futures transactions engaged in by any futures trust fund, assess the counterparty risks, and adopt measures related to risk measurement, diversification, and control.17.The total amount that a futures trust fund may invest in a bills finance company's guaranteed bills may not exceed ten percent of the fund's net asset value nor exceed 500 million New Taiwan Dollars.18.The total amount invested by any futures trust fund in the bonds of any single international financial institution approved for domestic issuance by the competent authority may not exceed ten percent of the fund's net asset value, nor may it exceed ten percent in the total monetary amount of the international financial institution bonds issued within Taiwan by the given international financial institution.19.The futures trust enterprise may not engage in any improper trading activity and thereby affect the net asset value of a fund under its management.20.The futures trust enterprise may not engage in any other acts prohibited by the competent authorityWhen a futures trust enterprise utilizes a futures trust fund offered to unspecified persons for investment in an underwriting of stock, the amount of the investment shall be calculated as an aggregate share number or monetary amount inclusive of the shares of exchange-listed and OTC-listed companies of a similar type already held, and the ceiling on investment ratios shall be based on those aggregate figures. Investments in depository receipts shall be calculated as an aggregate share number or monetary amount inclusive of the shares of the issuer of the depository receipts already held, and the ceiling on investment ratios shall be based on those aggregate figures"Corporate bonds" as referred to in paragraph 1, subparagraphs 9 and 13 shall include common corporate bonds, convertible corporate bonds, exchangeable corporate bonds, and corporate bonds with warrants.
中文原文 期貨信託基金管理辦法第49條
期貨信託事業對不特定人募集期貨信託基金，應依本辦法及期貨信託契約之規定運用期貨信託基金資產，除主管機關另有規定外，並應遵守下列規定：
一、不得投資於未上市、未上櫃股票、私募之有價證券及對符合一定資格條件之人募集之期貨信託基金受益憑證。
二、從事第三十八條第一項第一款至第二款之交易所收取與支付之保證金及權利金合計，占期貨信託基金淨資產價值不得低於主管機關所定之一定比率。
三、不得為放款或提供擔保。
但符合期貨信託事業管理規則第二十五條規定者，不在此限。
四、不得從事證券信用交易。
五、不得與本期貨信託事業經理之其他各期貨信託基金、證券投資信託基金、共同信託基金、全權委託帳戶或自有資金買賣有價證券帳戶間為期貨與證券交易行為。
但經由集中交易市場或證券商營業處所委託買賣成交，且非故意發生相對交易之結果者，不在此限。
六、不得投資於本期貨信託事業或與本期貨信託事業有利害關係之公司所發行基金受益憑證、基金股份及投資單位以外之證券。
七、運用期貨信託基金投資於本期貨信託事業經理之其他各期貨信託基金或證券投資信託基金，不得收取經理費。
八、不得運用期貨信託基金買入本期貨信託基金之受益憑證。
但經受益人請求買回或因期貨信託基金全部或部分不再存續而收回受益憑證者，不在此限。
九、每一期貨信託基金投資於任一上市或上櫃公司股票及公司債或金融債券之總金額，不得超過本期貨信託基金淨資產價值之百分之十。
十、每一期貨信託基金投資於任一上市或上櫃公司股票之股份總額，不得超過該公司已發行股份總數之百分之十；所經理之全部期貨信託基金及證券投資信託基金投資於任一上市或上櫃公司股票之股份總額，不得超過該公司已發行股份總數之百分之十。
十一、每一期貨信託基金投資於任一上市或上櫃公司承銷股票之總數，不得超過該次承銷總數之百分之一；所經理之全部期貨信託基金及證券投資信託基金投資同一次承銷股票之總數，不得超過該次承銷總數之百分之三。
十二、每一期貨信託基金投資於證券投資信託基金受益憑證之總金額，不得超過本期貨信託基金淨資產價值之百分之十；所經理之全部期貨信託基金及證券投資信託基金投資於任一證券投資信託基金或任一期貨信託基金之受益權單位總數，不得超過被投資基金已發行受益權單位總數之百分之二十。
十三、每一期貨信託基金投資於任一公司所發行無擔保公司債之總額，不得超過該公司所發行無擔保公司債總額之百分之十。
十四、不得將期貨信託基金持有之有價證券借與他人。
但符合第五十三條規定者，不在此限。
十五、不得交付或出售基金所購入股票發行公司股東會之委託書。
十六、每一期貨信託基金委託買賣股票及從事期貨交易，應評估交易對象風險，訂定相關風險衡量、分散及控管措施。
十七、每一期貨信託基金投資於同一票券商保證之票券總金額，不得超過本期貨信託基金淨資產價值之百分之十，並不得超過新臺幣五億元。
十八、每一期貨信託基金投資於任一經主管機關核准於我國境內募集發行之國際金融組織所發行之國際金融組織債券之總金額，不得超過本期貨信託基金淨資產價值之百分之十，亦不得超過該國際金融組織於我國境內所發行國際金融組織債券總額之百分之十。
十九、不得從事不當交易行為而影響期貨信託基金淨資產價值。
二十、不得為經主管機關規定之其他禁止事項。
期貨信託事業運用對不特定人所募集之期貨信託基金投資承銷股票額度應與同種類上市上櫃公司股票之股份，合併計算總數額或總金額，以合併計算得投資之比率上限；投資存託憑證應與所持有該存託憑證發行公司發行之股票，合併計算總金額或總數額，以合併計算得投資之比率上限。
第一項第九款及第十三款所稱公司債應包含該公司所發行之普通公司債、轉換公司債、交換公司債及附認股權公司債等債券。
一、不得投資於未上市、未上櫃股票、私募之有價證券及對符合一定資格條件之人募集之期貨信託基金受益憑證。
二、從事第三十八條第一項第一款至第二款之交易所收取與支付之保證金及權利金合計，占期貨信託基金淨資產價值不得低於主管機關所定之一定比率。
三、不得為放款或提供擔保。
但符合期貨信託事業管理規則第二十五條規定者，不在此限。
四、不得從事證券信用交易。
五、不得與本期貨信託事業經理之其他各期貨信託基金、證券投資信託基金、共同信託基金、全權委託帳戶或自有資金買賣有價證券帳戶間為期貨與證券交易行為。
但經由集中交易市場或證券商營業處所委託買賣成交，且非故意發生相對交易之結果者，不在此限。
六、不得投資於本期貨信託事業或與本期貨信託事業有利害關係之公司所發行基金受益憑證、基金股份及投資單位以外之證券。
七、運用期貨信託基金投資於本期貨信託事業經理之其他各期貨信託基金或證券投資信託基金，不得收取經理費。
八、不得運用期貨信託基金買入本期貨信託基金之受益憑證。
但經受益人請求買回或因期貨信託基金全部或部分不再存續而收回受益憑證者，不在此限。
九、每一期貨信託基金投資於任一上市或上櫃公司股票及公司債或金融債券之總金額，不得超過本期貨信託基金淨資產價值之百分之十。
十、每一期貨信託基金投資於任一上市或上櫃公司股票之股份總額，不得超過該公司已發行股份總數之百分之十；所經理之全部期貨信託基金及證券投資信託基金投資於任一上市或上櫃公司股票之股份總額，不得超過該公司已發行股份總數之百分之十。
十一、每一期貨信託基金投資於任一上市或上櫃公司承銷股票之總數，不得超過該次承銷總數之百分之一；所經理之全部期貨信託基金及證券投資信託基金投資同一次承銷股票之總數，不得超過該次承銷總數之百分之三。
十二、每一期貨信託基金投資於證券投資信託基金受益憑證之總金額，不得超過本期貨信託基金淨資產價值之百分之十；所經理之全部期貨信託基金及證券投資信託基金投資於任一證券投資信託基金或任一期貨信託基金之受益權單位總數，不得超過被投資基金已發行受益權單位總數之百分之二十。
十三、每一期貨信託基金投資於任一公司所發行無擔保公司債之總額，不得超過該公司所發行無擔保公司債總額之百分之十。
十四、不得將期貨信託基金持有之有價證券借與他人。
但符合第五十三條規定者，不在此限。
十五、不得交付或出售基金所購入股票發行公司股東會之委託書。
十六、每一期貨信託基金委託買賣股票及從事期貨交易，應評估交易對象風險，訂定相關風險衡量、分散及控管措施。
十七、每一期貨信託基金投資於同一票券商保證之票券總金額，不得超過本期貨信託基金淨資產價值之百分之十，並不得超過新臺幣五億元。
十八、每一期貨信託基金投資於任一經主管機關核准於我國境內募集發行之國際金融組織所發行之國際金融組織債券之總金額，不得超過本期貨信託基金淨資產價值之百分之十，亦不得超過該國際金融組織於我國境內所發行國際金融組織債券總額之百分之十。
十九、不得從事不當交易行為而影響期貨信託基金淨資產價值。
二十、不得為經主管機關規定之其他禁止事項。
期貨信託事業運用對不特定人所募集之期貨信託基金投資承銷股票額度應與同種類上市上櫃公司股票之股份，合併計算總數額或總金額，以合併計算得投資之比率上限；投資存託憑證應與所持有該存託憑證發行公司發行之股票，合併計算總金額或總數額，以合併計算得投資之比率上限。
第一項第九款及第十三款所稱公司債應包含該公司所發行之普通公司債、轉換公司債、交換公司債及附認股權公司債等債券。