Securities Investment Trust and Consulting Act Article 45
In any of the following events, a securities investment trust contract shall be terminated after approval has been given by the Competent Authority:1.The securities investment trust enterprise or fund custodian is dissolved, bankrupted, or its approval is withdrew or revoked, or its management or custodianship of the securities investment trust fund is obviously unsound, and the Competent Authority has ordered that it be replaced, such that it is unable to continue executing its duties, and there is no other suitable securities investment trust enterprise or fund custodian to assume the rights and obligations of the original enterprise or institution.2.A beneficiaries meeting resolves to replace the securities investment trust enterprise or fund custodian, and no other suitable securities investment trust enterprise or fund custodian assumes the rights and obligations of the original enterprise or institution.3.The net asset value of the fund is lower than the standard set by the Competent Authority.4.The securities investment trust fund is unable to continue operating because of market conditions, the characteristics or scale of the fund, or other legal or factual reasons.5.A beneficiaries meeting resolves to terminate the contract.6.The securities investment trust enterprise or fund custodian is unable to accept a resolution of a beneficiaries meeting, and no other suitable securities investment trust enterprise or fund custodian assumes the rights and obligations of the original enterprise or institution.7.Another other reason for termination as set forth in the securities investment trust contract.Where it is desirable to terminate the securities investment trust contract to protect the public interest or the rights and interests of beneficiaries, the Competent Authority may order its termination.Where a securities investment trust contract is terminated because of expiration of the duration thereof, a report shall be filed with the Competent Authority for recordation within two days from expiration.A securities investment trust enterprise shall publicly announce the termination of a securities investment trust contract within two days from the date of filing for recordation or of approval.
中文原文 證券投資信託及顧問法第45條
證券投資信託契約有下列情事之一者，應經主管機關核准後予以終止：
一、證券投資信託事業或基金保管機構有解散、破產、撤銷或廢止核准之情事，或因對證券投資信託基金之經理或保管顯然不善，經主管機關命令更換，致不能繼續執行職務，而無其他適當之證券投資信託事業或基金保管機構承受原事業或機構之權利及義務。
二、受益人會議決議更換證券投資信託事業或基金保管機構，而無其他適當之證券投資信託事業或基金保管機構承受原事業或機構之權利及義務。
三、基金淨資產價值低於主管機關所定之標準。
四、因市場狀況、基金特性、規模，或其他法律上或事實上原因致證券投資信託基金無法繼續經營。
五、受益人會議決議終止契約。
六、受益人會議之決議，證券投資信託事業或基金保管機構無法接受，且無其他適當之證券投資信託事業或基金保管機構承受原事業或機構之權利及義務。
七、其他依證券投資信託契約所定終止事由。
基於保護公益或受益人權益，以終止證券投資信託契約為宜者，主管機關得命令終止之。
證券投資信託契約因存續期間屆滿而終止者，應於屆滿二日內申報主管機關備查。
證券投資信託契約之終止，證券投資信託事業應於申報備查或核准之日起二日內公告之。
一、證券投資信託事業或基金保管機構有解散、破產、撤銷或廢止核准之情事，或因對證券投資信託基金之經理或保管顯然不善，經主管機關命令更換，致不能繼續執行職務，而無其他適當之證券投資信託事業或基金保管機構承受原事業或機構之權利及義務。
二、受益人會議決議更換證券投資信託事業或基金保管機構，而無其他適當之證券投資信託事業或基金保管機構承受原事業或機構之權利及義務。
三、基金淨資產價值低於主管機關所定之標準。
四、因市場狀況、基金特性、規模，或其他法律上或事實上原因致證券投資信託基金無法繼續經營。
五、受益人會議決議終止契約。
六、受益人會議之決議，證券投資信託事業或基金保管機構無法接受，且無其他適當之證券投資信託事業或基金保管機構承受原事業或機構之權利及義務。
七、其他依證券投資信託契約所定終止事由。
基於保護公益或受益人權益，以終止證券投資信託契約為宜者，主管機關得命令終止之。
證券投資信託契約因存續期間屆滿而終止者，應於屆滿二日內申報主管機關備查。
證券投資信託契約之終止，證券投資信託事業應於申報備查或核准之日起二日內公告之。