Regulations Governing Futures Trust Funds Article 53
Securities lending by the futures trust fund managed by a futures trust enterprise shall be carried out in accordance with the applicable regulations of the TWSE or TPEx, and must meet the following conditions:1.A futures trust fund may not loan any single security in an amount exceeding 50 percent of the total of that security held by the fund. This restriction shall not apply when the futures trust deed of a futures trust fund offered to persons meeting certain eligibility requirements stipulates otherwise.2.The period of a securities loan shall at most be six months from the beginning date of the lending transaction.3.When a loan of securities takes the form of a negotiated securities lending transaction, the types of collateral provided by the borrower shall be limited to cash, government bonds, and exchange-listed or OTC-listed stocks eligible for margin trading or short sale transactions. When the borrower's collateral is in the form of the above bonds or stocks, the futures trust enterprise may provide such a securities loan only after reporting its risk monitoring and control measures for collateral management to the competent authority and receiving its approvalThe provisions of subparagraph 3 of the preceding paragraph regarding collateral shall be applied with reference to the TWSE and TPEx regulations applicable to fixed-price trading and auction trading.A futures trust enterprise that loans securities held by one of its managed futures trust funds shall draft measures for the monitoring and management of risk in securities lending as a part of the internal control system to be passed by its board of directors.
中文原文 期貨信託基金管理辦法第53條
期貨信託事業經理期貨信託基金出借有價證券，應依證券交易所及證券櫃檯買賣中心相關規定辦理，並應符合下列條件：
一、每一期貨信託基金出借所持有任一有價證券數額不得超過所持有該有價證券數額之百分之五十。
但對符合一定資格條件之人募集，其期貨信託契約另有約定者，不在此限。
二、出借證券之借貸期間自借貸成交日起算，最長以六個月為限。
三、出借證券其交易型態屬議借交易者，借券人提供擔保品之種類，以現金、政府債券、得為融資融券交易之上市或上櫃公司股票為限。
但借券人提供擔保品之種類為政府債券、得為融資融券交易之上市或上櫃公司股票者，期貨信託事業應將擔保品管理之風險監控措施報經主管機關核准後，始得為之。
前項第三款有關擔保品之規定，應比照證券交易所及證券櫃檯買賣中心訂定之競價交易及定價交易規定辦理。
期貨信託事業運用期貨信託基金出借所持有之有價證券，應於董事會通過之內部控制制度中訂定期貨信託基金出借有價證券之風險監控管理措施。
一、每一期貨信託基金出借所持有任一有價證券數額不得超過所持有該有價證券數額之百分之五十。
但對符合一定資格條件之人募集，其期貨信託契約另有約定者，不在此限。
二、出借證券之借貸期間自借貸成交日起算，最長以六個月為限。
三、出借證券其交易型態屬議借交易者，借券人提供擔保品之種類，以現金、政府債券、得為融資融券交易之上市或上櫃公司股票為限。
但借券人提供擔保品之種類為政府債券、得為融資融券交易之上市或上櫃公司股票者，期貨信託事業應將擔保品管理之風險監控措施報經主管機關核准後，始得為之。
前項第三款有關擔保品之規定，應比照證券交易所及證券櫃檯買賣中心訂定之競價交易及定價交易規定辦理。
期貨信託事業運用期貨信託基金出借所持有之有價證券，應於董事會通過之內部控制制度中訂定期貨信託基金出借有價證券之風險監控管理措施。