Regulations Governing Managed Futures Enterprises Article 32
The scope within which a managed futures enterprise allocates discretionary assets to engage in trades and investments shall comply with the following provisions:1. Futures trades that futures commission merchants are permitted to handle on a brokerage basis as announced by the Competent Authority pursuant to Article 5 of the Act.2. Off-exchange futures trades derived from currencies, securities, interest rates, indices, or other products, as approved by the Competent Authority.3. Beneficial interest certificates of a futures trust fund issued by another futures trust enterprise or a futures fund offered or managed by a foreign fund management institution.4. Securities other than those of the preceding subparagraph.5. Futures-related spot commodities other than securities.The term "securities" in the preceding paragraph means securities under Article 6 of the Securities and Exchange Act; trading in foreign securities shall be limited to the following:1. Stocks, warrants, beneficial interest certificates, depositary receipts, and other securities traded on a foreign securities market.2. Bonds with an appropriate rating or higher as rated by a credit rating company recognized by the Competent Authority.3. Offshore funds that are approved by or effectively registered with the Competent Authority for domestic offering and sale.4. Other securities approved by the Competent Authority."Foreign securities market" in subparagraph 1 of the preceding paragraph means any organized securities trading market administered by the competent securities authority of that country, including securities exchanges and OTC markets.The bonds referred to in paragraph 2, subparagraph 2 do not include the subject matters set forth in Article 5, paragraph 2 of the Regulations Governing Trading of Foreign Securities by Securities Firms.The Competent Authority shall prescribe ratios and regulations relating to trades and investments utilizing discretionary assets in which managed futures enterprises engage under the subparagraphs of paragraph 1.Before allocating discretionary assets to engage in any investment under paragraph 1, subparagraph 5, a managed futures enterprise shall submit an investment and risk-management plan to the Competent Authority and obtain its approval.
中文原文 期貨經理事業管理規則第32條
期貨經理事業運用全權委託資產從事交易或投資，其範圍應符合下列規定：
一、經主管機關依本法第五條公告期貨商得受託從事之期貨交易。
二、經主管機關核准非在交易所進行衍生自貨幣、有價證券、利率、指數或其他商品之期貨交易。
三、由其他期貨信託事業所發行之期貨信託基金受益憑證或外國基金管理機構所募集或經理之期貨基金。
四、除前款外之有價證券。
五、有價證券以外之期貨相關現貨商品。
前項所稱有價證券指依證券交易法第六條規定之有價證券；買賣外國有價證券，以下列為限：
一、外國證券巿場交易之股票、認股權證、受益憑證、存託憑證及其他有價證券。
二、經主管機關認可之信用評等公司評等為適當等級以上之債券。
三、經主管機關核准或申報生效在國內募集及銷售之境外基金。
四、其他經主管機關核定之有價證券。
前項第一款所稱外國證券市場，係指任何有組織且受該國證券主管機關管理之證券交易市場，包括證券交易所及店頭市場。
第二項第二款之債券，不含證券商受託買賣外國有價證券管理規則第五條第二項規定之標的。
期貨經理事業運用委託資產從事第一項各款之交易或投資之比率及相關規範，由主管機關定之。
期貨經理事業運用全權委託資產從事第一項第五款之投資前，應檢具投資與風險管理計畫，經主管機關核准後始得辦理。
一、經主管機關依本法第五條公告期貨商得受託從事之期貨交易。
二、經主管機關核准非在交易所進行衍生自貨幣、有價證券、利率、指數或其他商品之期貨交易。
三、由其他期貨信託事業所發行之期貨信託基金受益憑證或外國基金管理機構所募集或經理之期貨基金。
四、除前款外之有價證券。
五、有價證券以外之期貨相關現貨商品。
前項所稱有價證券指依證券交易法第六條規定之有價證券；買賣外國有價證券，以下列為限：
一、外國證券巿場交易之股票、認股權證、受益憑證、存託憑證及其他有價證券。
二、經主管機關認可之信用評等公司評等為適當等級以上之債券。
三、經主管機關核准或申報生效在國內募集及銷售之境外基金。
四、其他經主管機關核定之有價證券。
前項第一款所稱外國證券市場，係指任何有組織且受該國證券主管機關管理之證券交易市場，包括證券交易所及店頭市場。
第二項第二款之債券，不含證券商受託買賣外國有價證券管理規則第五條第二項規定之標的。
期貨經理事業運用委託資產從事第一項各款之交易或投資之比率及相關規範，由主管機關定之。
期貨經理事業運用全權委託資產從事第一項第五款之投資前，應檢具投資與風險管理計畫，經主管機關核准後始得辦理。