Regulations Governing Securities Investment Trust Enterprises Article 20
After approval and issuance of a business license to a SITE, the SITE shall apply to publicly offer a securities investment trust fund within 1 month. The fund shall be publicly offered in accordance with the Regulations Governing the Public Offering of Securities Investment Trust Funds by Securities Investment Trust Enterprises.Where a SITE has failed to apply for or publicly offer a fund in accordance with the provisions of the preceding paragraph, its business approval will be voided and it will be notified to surrender its business license within a prescribed period. The license will be cancelled by FSC announcement if the SITE fails to surrender the business license within the given period.Where an enterprise other than a trust enterprise concurrently operates securities investment trust business but has failed to apply for (or give notification of) the public offering of a securities investment trust fund within a 2-year period after FSC approval and registration, its approval for operation of securities investment trust fund business will be voided.Where a securities investment consulting enterprise ("SICE") concurrently operates securities investment trust business with the FSC's permission, but has not applied for, publicly offered and established a securities investment trust fund pursuant to Article 7 of the Regulations Governing the Public Offering of Securities Investment Trust Funds by Securities Investment Trust Enterprises within 2 years after its new business license was issued, its permission for concurrent business operations shall be revoked.A SITE, or a securities investment trust business concurrently operated by another enterprise, that fails to publicly offer and establish a securities investment trust fund pursuant to paragraph 1, 3, or 4 herein may not privately place a securities investment trust fund.
中文原文 證券投資信託事業管理規則（931030訂定）第20條
證券投資信託事業經核發營業執照後，應於一個月內申請募集證券投資信託基金，並依證券投資信託事業募集證券投資信託基金處理準則規定辦理。
證券投資信託事業未依前項規定提出申請或募集成立基金者，廢止其營業之許可，並通知限期繳銷營業執照；屆期不繳銷者，由本會公告註銷之。
信託業兼營證券投資信託業務於經本會許可並完成登記後二年內，未申請（報）募集證券投資信託基金者，廢止其兼營業務之許可。
信託業以外之他業兼營證券投資信託業務於經本會許可並換發營業執照後二年內，未依證券投資信託事業募集證券投資信託基金處理準則第七條規定，申請並募集成立證券投資信託基金者，廢止其兼營業務之許可。
證券投資信託事業或他業兼營證券投資信託業務，未依第一項、第三項或第四項規定募集成立證券投資信託基金者，不得私募證券投資信託基金。
證券投資信託事業未依前項規定提出申請或募集成立基金者，廢止其營業之許可，並通知限期繳銷營業執照；屆期不繳銷者，由本會公告註銷之。
信託業兼營證券投資信託業務於經本會許可並完成登記後二年內，未申請（報）募集證券投資信託基金者，廢止其兼營業務之許可。
信託業以外之他業兼營證券投資信託業務於經本會許可並換發營業執照後二年內，未依證券投資信託事業募集證券投資信託基金處理準則第七條規定，申請並募集成立證券投資信託基金者，廢止其兼營業務之許可。
證券投資信託事業或他業兼營證券投資信託業務，未依第一項、第三項或第四項規定募集成立證券投資信託基金者，不得私募證券投資信託基金。