Securities Investment Trust and Consulting Act Article 61

A securities investment trust enterprise or securities investment consulting enterprise operating discretionary investment businesses shall sign a discretionary investment contract with the customer specifying the various rights and obligations arising between it and the customer as a result of the mandate or trust relationship, and the customer and the custodian also shall separately sign a mandate or trust contract. Provided, this restriction shall not apply to one who, under this Act, is permitted to keep the discretionary investment assets in its own custody.Where discretionary investment assets involve idle funds, the utilization and scope thereof shall be prescribed by the Competent Authority.The particulars required to be included in a discretionary investment contract under paragraph 1 shall be prescribed by the Competent Authority.A template for discretionary investment contracts under paragraph 1 shall be drafted by the Securities Investment Trust and Consulting Association and submitted to the Competent Authority for ratification.