Regulations Governing the Conduct of Discretionary Investment Business by Securities Investment Trust Enterprises and Securities Investment Consulting Enterprises Article 19
In addition to abiding by applicable laws and regulations, a SITE or SICE and its directors, supervisors, managerial officers, associated persons, and employees may not commit any of the following acts in providing discretionary investment services:1. Using information gained in the course of professional duties to engage in trading of securities or securities-related products for their own account or for any party other than the customer.2. Undertaking a trade damaging to the rights and interests of the customer when using the customer's discretionary investment assets to trade securities or securities-related products.3. Signing any agreement with the customer to share proceeds or losses resulting from investment in securities or securities-related products, provided that this restriction does not apply where the FSC has otherwise made provision for performance compensation.4. Purchasing or selling securities for the benefit of themselves or any other person when using the customer’s discretionary investment assets to trade securities or securities-related products.5. Investing the discretionary investment assets of a customer in a cross trade involving the enterprise's own funds or the discretionary investment assets of another customer, provided that this restriction does not apply to unintentional cross trades that occur on a centralized securities exchange market or at a securities firm's place of business.6. Using a customer's account to trade securities or securities-related products on the enterprise's own account or the account of another party.7. Outsourcing the whole or a part of the discretionary investment services contract to another party to perform, or assigning such a contract to another party, provided that this restriction does not apply if the FSC provides otherwise.8. Using the customer's discretionary investment assets to trade securities or securities-related products and, without legitimate reason, changing an executed order on the customer's discretionary investment account into an order on the enterprise's own account, the account of another party, or another discretionary investment account, or changing an order on another account into an order on the customer's discretionary investment account.9. Making an investment decision not based on an investment analysis report, or based on an investment analysis report lacking a reasonable analytical basis or source data, provided that this restriction does not apply when a reasonable basis for the decision can be furnished.10. Any other act prejudicial to the operation of the enterprise or the rights and interests of the customer.
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19條
證券投資信託事業或證券投資顧問事業及其董事、監察人、經理人、業務人員及受僱人辦理全權委託投資業務，除應遵守相關法令規定外，並不得有下列行為：
一、利用職務上所獲知之資訊，為自己或客戶以外之人從事有價證券及其相關商品買賣之交易。
二、運用委託投資資產買賣有價證券及其相關商品時，從事足以損害客戶權益之交易。
三、與客戶為投資有價證券及其相關商品收益共享或損失分擔之約定。
但本會對績效報酬另有規定者，不在此限。
四、運用委託投資資產買賣有價證券及其相關商品時，為自己或他人之利益買入或賣出。
五、運用客戶之委託投資資產，與自己資金或其他客戶之委託投資資產，為相對委託之交易。
但經由證券集中交易市場或證券商營業處所委託買賣成交，且非故意發生相對委託之結果者，不在此限。
六、利用客戶之帳戶，為自己或他人買賣有價證券及其相關商品。
七、將全權委託投資契約之全部或部分複委任他人履行或轉讓他人。
但本會另有規定者，不在此限。
八、運用客戶委託投資資產買賣有價證券及其相關商品時，無正當理由，將已成交之買賣委託，自全權委託帳戶改為自己、他人或其他全權委託帳戶，或自其他帳戶改為全權委託帳戶。
九、未依投資分析報告作成投資決策，或投資分析報告顯然缺乏合理分析基礎與根據者。
但能提供合理解釋者，不在此限。
十、其他影響事業經營或客戶權益者。
一、利用職務上所獲知之資訊，為自己或客戶以外之人從事有價證券及其相關商品買賣之交易。
二、運用委託投資資產買賣有價證券及其相關商品時，從事足以損害客戶權益之交易。
三、與客戶為投資有價證券及其相關商品收益共享或損失分擔之約定。
但本會對績效報酬另有規定者，不在此限。
四、運用委託投資資產買賣有價證券及其相關商品時，為自己或他人之利益買入或賣出。
五、運用客戶之委託投資資產，與自己資金或其他客戶之委託投資資產，為相對委託之交易。
但經由證券集中交易市場或證券商營業處所委託買賣成交，且非故意發生相對委託之結果者，不在此限。
六、利用客戶之帳戶，為自己或他人買賣有價證券及其相關商品。
七、將全權委託投資契約之全部或部分複委任他人履行或轉讓他人。
但本會另有規定者，不在此限。
八、運用客戶委託投資資產買賣有價證券及其相關商品時，無正當理由，將已成交之買賣委託，自全權委託帳戶改為自己、他人或其他全權委託帳戶，或自其他帳戶改為全權委託帳戶。
九、未依投資分析報告作成投資決策，或投資分析報告顯然缺乏合理分析基礎與根據者。
但能提供合理解釋者，不在此限。
十、其他影響事業經營或客戶權益者。