Regulations Governing the Public Offering of Securities Investment Trust Funds by Securities Investment Trust Enterprises Article 10

After a SITE has obtained application approval (or effective registration) to publicly offer, or make a follow-on offering of, a securities investment trust fund, the FSC may void or revoke the approval or effective registration if it discovers any of the following circumstances:1. The public offering did not commence or [the fund] was not established by the deadline set forth in Article 7 herein, calculated from the date on which the SITE received notification of application approval or effective registration.2. Violation of the provisions of Article 8 of the SITC Act.3. Violation of the provisions of Article 6 herein.4. The SITE fails to act in accordance with the provisions of Article 81 of the SITC Act by announcing, and reporting to the FSC, matters having a material impact on the rights and interests of investors within 2 days of occurrence of the fact.5. Other violation of these Regulations, or of the restrictions or prohibitions of the FSC in force at the time of application approval or effective registration.When a SITE's approval or effective registration is voided or revoked, it shall handle the relevant matters as stipulated in the securities investment trust contract.