Regulations Governing the Conduct of Discretionary Investment Business by Securities Investment Trust Enterprises and Securities Investment Consulting Enterprises Article 14
Except where the FSC provides otherwise, a SITE or a SICE providing discretionary investment services shall observe the following provisions:1. The SITE or SICE may not invest in securities other than those named in Article 6 of the Securities and Exchange Act.2. The SITE or SICE may trade only securities-related products.3. The SITE or SICE may not provide loans.4. The SITE or SICE may not engage in trading of securities or securities-related products between any of the funds, collective trust funds, other discretionary investment or futures trading accounts, or proprietary securities trading or proprietary futures trading accounts under its own management. This restriction shall not apply, however, to cross trades that unintentionally result from orders placed and transacted through a centralized exchange market or a securities firm's place of business.5. The SITE or SICE may not invest in any stocks, corporate bonds, or financial bonds issued by the SITE or SICE itself.6. The SITE or SICE may not engage in any of the following activities, except by express written consent or contractual agreement with the customer:A. Investing in call (put) warrants issued by the SITE or SICE itself.B. Investing in any stocks, corporate bonds, or financial bonds issued by a company having an interest relationship with the SITE or SICE.C. Investing in securities underwritten by a securities underwriter having an interest relationship with the SITE or SICE.D. Engaging in margin trading.E. Lending or borrowing securities.7. The SITE or SICE may not invest in securities underwritten by the SITE or SICE itself except when it has clearly informed the customer of related conflicts of interest and control measures and obtained written consent from the customer for each subsequent investment, in which the amount of investment permitted shall be explicitly stated.8. Investments in foreign securities may not violate the scope or the types of investment prescribed by the FSC.9. The SITE or SICE may not engage in conduct prohibited by any other law or regulation or any regulation of the FSC.The meaning of "any of the funds" in subparagraph 4 of the preceding paragraph includes publicly or privately offered securities investment trust funds and futures trust funds.The term "securities underwritten" in subparagraphs 6 and 7 of paragraph 1 includes securities obtained but not yet disposed of by a securities underwriter as a result of firm-commitment underwriting.Except where otherwise provided by law or regulation, when a SITE or a SICE providing discretionary investment services invests in exchange-listed or OTC-listed securities, it shall place an order with a securities broker to perform the transaction on a centralized securities market or at a securities firm's place of business.
中文原文 證券投資信託事業證券投資顧問事業經營全權委託投資業務管理辦法第14條
證券投資信託事業或證券投資顧問事業經營全權委託投資業務，除本會另有規定外，應遵守下列規定：
一、不得投資於證券交易法第六條規定以外之有價證券。
二、不得從事證券相關商品以外之交易。
三、不得為放款。
四、不得與本事業經理之各基金、共同信託基金、其他全權委託投資或期貨交易帳戶、自有資金帳戶、自行買賣有價證券帳戶或期貨自營帳戶間為證券或證券相關商品交易行為。
但經由集中交易市場或證券商營業處所委託買賣成交，且非故意發生相對交易之結果者，不在此限。
五、不得投資於本事業發行之股票、公司債或金融債券。
六、非經客戶書面同意或契約特別約定者，不得為下列行為：
（一）投資本事業發行之認購（售）權證。
（二）投資與本事業有利害關係之公司所發行之股票、公司債或金融債券。
（三）投資與本事業有利害關係之證券承銷商所承銷之有價證券。
（四）從事證券信用交易。
（五）出借或借入有價證券。
七、非經明確告知客戶相關利益衝突及控管措施後取得客戶逐次書面同意，並敘明得投資數量者，不得投資本事業承銷之有價證券。
八、投資外國有價證券，不得違反本會規定之種類及範圍。
九、不得為其他法令或本會規定之禁止事項。
前項第四款所稱各基金，包含募集或私募之證券投資信託基金及期貨信託基金。
第一項第六款及第七款所稱承銷之有價證券，包含證券承銷商因包銷所取得未處分之有價證券。
證券投資信託事業或證券投資顧問事業經營全權委託投資業務，為上市或上櫃有價證券投資，除法令另有規定外，應委託證券經紀商，於集中交易市場或證券商營業處所為之。
一、不得投資於證券交易法第六條規定以外之有價證券。
二、不得從事證券相關商品以外之交易。
三、不得為放款。
四、不得與本事業經理之各基金、共同信託基金、其他全權委託投資或期貨交易帳戶、自有資金帳戶、自行買賣有價證券帳戶或期貨自營帳戶間為證券或證券相關商品交易行為。
但經由集中交易市場或證券商營業處所委託買賣成交，且非故意發生相對交易之結果者，不在此限。
五、不得投資於本事業發行之股票、公司債或金融債券。
六、非經客戶書面同意或契約特別約定者，不得為下列行為：
（一）投資本事業發行之認購（售）權證。
（二）投資與本事業有利害關係之公司所發行之股票、公司債或金融債券。
（三）投資與本事業有利害關係之證券承銷商所承銷之有價證券。
（四）從事證券信用交易。
（五）出借或借入有價證券。
七、非經明確告知客戶相關利益衝突及控管措施後取得客戶逐次書面同意，並敘明得投資數量者，不得投資本事業承銷之有價證券。
八、投資外國有價證券，不得違反本會規定之種類及範圍。
九、不得為其他法令或本會規定之禁止事項。
前項第四款所稱各基金，包含募集或私募之證券投資信託基金及期貨信託基金。
第一項第六款及第七款所稱承銷之有價證券，包含證券承銷商因包銷所取得未處分之有價證券。
證券投資信託事業或證券投資顧問事業經營全權委託投資業務，為上市或上櫃有價證券投資，除法令另有規定外，應委託證券經紀商，於集中交易市場或證券商營業處所為之。