Regulations Governing Futures Trust Funds Article 56

A futures trust enterprise that utilizes a futures trust fund for investment in the overseas securities of Article 38, paragraph 1, subparagraph 4 may authorize a professional institution that provides consulting services for overseas investment or a member of its own group that provides centralized market trading services to place a trading order on its behalf through an overseas securities firm.When futures trust enterprise authorizes a company providing it with consulting services for overseas investment or a member of its own group that provides centralized market trading services to place a trading order on its behalf through an overseas securities firm, it shall adopt risk monitoring and management measures for such transactions as a part of its internal control system, as well as setting out the standards for selection of a company to provide consulting services for overseas investment; those measures and standards shall be submitted to the board of directors for approval.The term "member of its own group," as used in the preceding paragraph, means a holding company to which the futures trust enterprise belongs that has shareholdings in excess of 50 percent in the futures trust enterprise, or a subsidiary in which the futures trust enterprise has shareholdings in excess of 50 percent, or a subsidiary belonging to the same holding company in which the holding company has shareholdings in excess of 50 percent.