Regulations Governing the Conduct of Discretionary Investment Business by Securities Investment Trust Enterprises and Securities Investment Consulting Enterprises Article 28
In utilizing discretionary investment assets to invest or trade, a SITE or SICE shall base its decisions on its analysis; it shall keep records of its execution thereof, and shall also submit a review on a monthly basis. Its analysis and decisions shall be founded on reasonable grounds and bases.The SITE or SICE shall include the analysis, decisions, execution, and review referred to in the preceding paragraph in the internal control system, and faithfully implement the system.The SITE or SICE shall keep records of the control activities under the preceding paragraph, and shall preserve them for not less than 5 years.When a SITE or a SICE conducts discretionary investment business, it shall establish an account for each individual customer in which it records daily the status of trading of customer assets and the customer's balance by volume and value.A customer may request to examine the data referred to in the preceding paragraph and the appointed SITE or SICE may not refuse such a request.A SITE or SICE using discretionary investment assets to trade securities, securities-related products, or any other instrument in which investment or transaction is permitted by the FSC, shall apply any transaction fees returned or other benefits paid by securities brokers, futures commission merchants, or other trading counterparties to offsetting the customer's transaction costs.If a discretionary investment business customer meets the conditions set out in Article 11, paragraph 6, the SITE or SICE and the customer may agree between themselves on the treatment of service fees returned or other benefits paid by trading counterparties, and are exempted from application of the provisions of the preceding paragraph.
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28條
證券投資信託事業或證券投資顧問事業運用委託投資資產投資或交易，應依據其分析作成決定，交付執行時應作成紀錄，並按月提出檢討，其分析與決定應有合理基礎及根據。
前項分析、決定、執行及檢討之方式，證券投資信託事業或證券投資顧問事業應訂定於內部控制制度，並確實執行。
前項控制作業應留存紀錄，其保存期限不得少於五年。
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時，應按客戶別設帳，按日登載客戶資產交易情形、委託投資資產庫存數量及金額。
客戶得要求查詢前項資料，受委託之證券投資信託事業或證券投資顧問事業不得拒絕。
證券投資信託事業或證券投資顧問事業運用委託投資資產買賣有價證券、證券相關商品或其他經本會規定得投資或交易項目者，應將證券經紀商、期貨經紀商或其他交易對手退還之手續費或給付之其他利益，作為客戶買賣成本之減少。
全權委託投資業務之客戶符合第十一條第六項所定條件者，證券投資信託事業或證券投資顧問事業得與該客戶自行約定自交易對手退還之手續費或給付之其他利益之處理方式，不適用前項規定。
前項分析、決定、執行及檢討之方式，證券投資信託事業或證券投資顧問事業應訂定於內部控制制度，並確實執行。
前項控制作業應留存紀錄，其保存期限不得少於五年。
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時，應按客戶別設帳，按日登載客戶資產交易情形、委託投資資產庫存數量及金額。
客戶得要求查詢前項資料，受委託之證券投資信託事業或證券投資顧問事業不得拒絕。
證券投資信託事業或證券投資顧問事業運用委託投資資產買賣有價證券、證券相關商品或其他經本會規定得投資或交易項目者，應將證券經紀商、期貨經紀商或其他交易對手退還之手續費或給付之其他利益，作為客戶買賣成本之減少。
全權委託投資業務之客戶符合第十一條第六項所定條件者，證券投資信託事業或證券投資顧問事業得與該客戶自行約定自交易對手退還之手續費或給付之其他利益之處理方式，不適用前項規定。