Regulations Governing the Conduct of Discretionary Investment Business by Securities Investment Trust Enterprises and Securities Investment Consulting Enterprises Article 20
A SITE or a SICE providing discretionary investment services that collects performance compensation shall abide by the following provisions:1. The performance compensation shall be appropriate and reasonable.2. The performance compensation shall be jointly stipulated by the SITE or SICE and the customer, with terms defining the investment instrument, conditions for collection, fee type, and method of calculation; those terms shall be a part of the discretionary investment services contract.3. No performance compensation may be assessed or collected when the net asset value of the discretionary investment assets is lower than the amount of the assets originally provided.4. Contractual provisions regarding performance compensation may not require their assessment and collection on a profit sharing basis, and a definite ceiling shall be imposed; performance compensation as a specified ratio or amount may only be allocated when real operational performance exceeds a prior stipulated performance metric.5. The two parties may stipulate reduced compensation when real operational performance fails to meet a prior stipulated performance metric, but compensation may not be reduced to zero, nor may it be stipulated that the SITE or SICE bear a specified proportion of any loss.
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20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收取績效報酬者，應遵守下列規定：
一、績效報酬應適當合理。
二、績效報酬應由客戶與證券投資信託事業或證券投資顧問事業共同約定投資目標、收取條件、內容及計算方式，並列入全權委託投資契約。
三、委託投資資產之淨資產價值低於原委託投資資產時，不得計收績效報酬。
四、績效報酬之約定不得以獲利金額拆帳之方式計收，並應有一定之限額，且就實際經營績效超過所訂衡量標準時始能提撥一定比率或金額作為績效報酬。
五、實際經營績效如低於所訂衡量標準時，雙方可約定扣減報酬，惟不得扣減至零，或要求證券投資信託事業或證券投資顧問事業依一定比率分擔損失金額。
一、績效報酬應適當合理。
二、績效報酬應由客戶與證券投資信託事業或證券投資顧問事業共同約定投資目標、收取條件、內容及計算方式，並列入全權委託投資契約。
三、委託投資資產之淨資產價值低於原委託投資資產時，不得計收績效報酬。
四、績效報酬之約定不得以獲利金額拆帳之方式計收，並應有一定之限額，且就實際經營績效超過所訂衡量標準時始能提撥一定比率或金額作為績效報酬。
五、實際經營績效如低於所訂衡量標準時，雙方可約定扣減報酬，惟不得扣減至零，或要求證券投資信託事業或證券投資顧問事業依一定比率分擔損失金額。