Regulations Governing Offshore Funds Article 24
When a master agent submits an application (or filing) for the offering and sale of an offshore fund, the offshore fund manager of the offshore fund, other than an offshore ETF, shall meet the following conditions:1. The total net asset value of all funds under the management of the fund manager (which may include its controlling and subsidiary institutions) raised by public offering and invested in securities exceeds US$2 billion or the equivalent in other foreign currencies. The calculation of the "net asset value" excludes pension funds and discretionary investment accounts.2. The fund manager has not been sanctioned in connection with the handling of asset management business, with a record, by the competent authority of its home country during the past 2 years in any case in which it furthermore still has not remedied the issue.3. The fund manager has been established for at least 2 years.4. The fund manager or a member of the same corporate group has made concrete contributions, in compliance with FSC regulations, that further asset management business in Taiwan, and has been recognized by the FSC. The fund manager, however, may be exempted from this requirement if the place of registration of the fund and the home country of the offshore fund manager have been recognized and publicly announced by Taiwan.
中文原文 境外基金管理辦法第24條
總代理人申請（報）境外基金之募集及銷售，除境外指數股票型基金外，該境外基金之境外基金管理機構，應符合下列條件：
一、基金管理機構（得含其控制或從屬機構）所管理以公開募集方式集資投資於證券之基金總資產淨值超過二十億美元或等值之外幣者。
所稱總資產淨值之計算不包括退休基金或全權委託帳戶。
二、最近二年未因辦理資產管理業務受當地主管機關處分並有紀錄在案，且迄未改善者。
三、成立滿二年以上者。
四、基金管理機構或其集團企業對增進我國資產管理業務有符合本會規定之具體貢獻，且經本會認可者。
但基金註冊地與基金管理機構所在地為我國承認且公告者，得不受限制。
一、基金管理機構（得含其控制或從屬機構）所管理以公開募集方式集資投資於證券之基金總資產淨值超過二十億美元或等值之外幣者。
所稱總資產淨值之計算不包括退休基金或全權委託帳戶。
二、最近二年未因辦理資產管理業務受當地主管機關處分並有紀錄在案，且迄未改善者。
三、成立滿二年以上者。
四、基金管理機構或其集團企業對增進我國資產管理業務有符合本會規定之具體貢獻，且經本會認可者。
但基金註冊地與基金管理機構所在地為我國承認且公告者，得不受限制。