Regulations Governing the Public Offering of Securities Investment Trust Funds by Securities Investment Trust Enterprises Article 3
The Financial Supervisory Commission (FSC) shall employ either the application for approval system or the filing for effective registration system to review the public offering and issuance of securities investment trust funds."Application approval" in the preceding paragraph refers to where the FSC reviews the relevant documents provided by a SITE and grants approval if no irregularities are discovered."Effective registration" in paragraph 1 refers to where a SITE duly prepares all relevant documents and files them with the FSC for registration, with the registration becoming effective a prescribed number of business days after the date on which the FSC receives the registration documents unless the registration documents do not furnish all the required particulars, supplementation or explanation is required to protect the public interest, or the filing is rejected by the FSC."Business days" in the preceding paragraph means days on which trading takes place in securities markets.
中文原文 證券投資信託事業募集證券投資信託基金處理準則第3條
金融監督管理委員會（以下簡稱本會）審核證券投資信託基金之募集與發行兼採申請核准及申報生效制。
前項所稱申請核准，謂本會以證券投資信託事業所提出相關書件予以審查，如未發現異常情事即予以核准。
第一項所稱申報生效，謂證券投資信託事業依規定檢齊相關書件向本會提出申報，除因申報書件應行記載事項不充分、為保護公益有必要補正說明或經本會退回者外，其案件自本會收到申報書件即日起屆滿一定營業日即可生效。
前項所稱營業日，係指證券市場交易日。
前項所稱申請核准，謂本會以證券投資信託事業所提出相關書件予以審查，如未發現異常情事即予以核准。
第一項所稱申報生效，謂證券投資信託事業依規定檢齊相關書件向本會提出申報，除因申報書件應行記載事項不充分、為保護公益有必要補正說明或經本會退回者外，其案件自本會收到申報書件即日起屆滿一定營業日即可生效。
前項所稱營業日，係指證券市場交易日。