Standards Governing the Establishment of Securities Investment Trust Enterprises Article 29

A futures trust enterprise intending to use the assets of its futures trust fund to purchase and hold securities with an aggregate market value representing 40 percent or greater of the net asset value of the futures trust fund shall make a prior application to concurrently operate securities investment trust business in accordance with FSC requirements. The same shall not apply, however, in the case of offering and issuance of a futures trust fund-of-funds or a principal protection futures trust fund.