Regulations Governing Responsible Persons and Associated Persons of Securities Investment Trust Enterprises Article 14

Unless otherwise provided by an act or regulation, from the time that a SITE decides to utilize a securities investment trust fund to trade in a certain corporate stock or equity derivative until such time as the securities investment trust fund no longer holds that corporate stock or equity derivative, no responsible person, department head, branch unit managerial officer, or fund manager of the SITE, or any of such person's spouse, minor child, or other person in whose name that person transacts, may trade in such corporate stock or equity derivative.A responsible person, department head, branch unit managerial officer, or fund manager of a SITE shall report to the employing SITE on the circumstances in which, and if such a person or any related party thereof has traded in corporate stocks or equity derivatives.The scope of information to be reported pursuant to the preceding paragraph, and of eligible investment instruments, shall be prescribed by the FSC.The term "related party" in paragraph 2 refers to any of the following:1. In the case of a natural person, the person's spouse, blood relatives within the second degree of kinship, or any enterprise of which the person or the person's spouse is a responsible person.2. In the case of a juristic person, a juristic person controlled from the same source or with which the juristic person has a relationship of mutual control.The provisions from paragraph 2 to the preceding paragraph shall apply mutatis mutandis to any of the SITE's investment managers who conduct discretionary investment business.