Securities Investment Trust and Consulting Act Article 62

An operator of discretionary investment businesses shall create a separate account for each individual customer and record, on a daily basis the trading activities of the customer's assets, and the balance of the discretionary investment assets by volume and monetary amount.A customer may request to examine the data referred to in the preceding paragraph and the appointed securities investment trust enterprise or securities investment consulting enterprise may not refuse such a request.Any service fees returned or other benefits paid by a securities firm, futures broker, or other trading counterparty when investment assets are used for trading of securities, securities-related products, or other items that may be invested in or traded as provided by the competent authority, shall be applied to offset the customer's transaction costs.An operator of discretionary investment businesses shall produce monthly reports detailing each customer's asset trading record and current status and deliver the reports to the customers.When losses on the net asset value of the discretionary investment assets of a customer reach a certain percentage of the original discretionary investment assets, the securities investment trust enterprise or securities investment consulting enterprise shall within two business days from the date of occurrence of the event produce a report referred to in the preceding paragraph and deliver the report to the customer. The same shall subsequently apply each time losses reach a certain percentage of the net asset value specified in the previous report.The "certain" percentages in the preceding paragraph shall be prescribed by the Competent Authority.In the case of a discretionary investment business customer who meets conditions set by the competent authority, the securities investment trust enterprise or securities investment consulting enterprise and the customer may between themselves agree on matters including the custody of the discretionary investment assets, matters required to be done before signing a contract, and account processing, and are exempted from application of the provisions of the preceding four paragraphs, paragraph 1 of Article 53, and Article 60, and of paragraph 1 of the preceding Article regarding the signing of a mandate or trust contract between a customer and a custodian.