Standards Governing the Establishment of Securities Investment Trust Enterprises Article 15

A trust enterprise intending to offer and issue a collective trust fund of which 50 percent or more of the offered and issued amount is to be invested in the securities set out in Article 6 of the Securities and Exchange Act, or from which NT$1 billion or higher are available for investment in the securities set out in Article 6 of the Securities and Exchange Act, shall file an application pursuant to the SITC Act for concurrent operation of securities investment trust business before it may carry out such offering. This requirement shall not apply, however, to the offering and issuance of a money market collective trust fund.