Standards Governing the Establishment of Securities Investment Trust Enterprises Article 2

Each line of business that a securities investment trust enterprise ("SITE") may operate is subject to a separate approval by the Financial Supervisory Commission, Executive Yuan (FSC) pursuant to the SITC Act, and, once approved, shall be specified on its business license; no SITE may operate a line of business that has not been approved and specified on its business license.A SITE applying to operate discretionary investment business under Article 3, paragraph 3, subparagraph 2 of the SITC Act shall do so in compliance with the Regulations Governing the Conduct of Discretionary Investment Business by Securities Investment Trust Enterprises and Securities Investment Consulting Enterprises.A trust enterprise intending to establish, in accordance with Article 8, paragraph 2 of the Trust Enterprise Act, a collective trust fund for investment in the securities under Article 6 of the Securities and Exchange Act, shall apply to concurrently operate securities investment trust business if the condition specified in Article 15 is fulfilled.A futures trust enterprise intending to offer a futures trust fund for investment in the securities under Article 6 of the Securities and Exchange Act shall apply to concurrently operate securities investment trust business if the condition specified in Article 29 is fulfilled.An enterprise in another line of business that concurrently operates securities investment trust business shall do so in accordance with the provisions of Chapter III. A trust enterprise that concurrently operates such business shall, except as otherwise provided in the Trust Enterprise Act, also do so in accordance with the provisions of Chapter III.