Regulations Governing the Conduct of Discretionary Investment Business by Securities Investment Trust Enterprises and Securities Investment Consulting Enterprises Article 4

A SITE applying to provide discretionary investment services shall possess the following qualifications:1. Having already established a securities investment trust fund.2. A net worth per share not lower than par value in the CPA-audited and certified financial report for the preceding period. However, this requirement shall not apply to a SITE that has obtained its business licenses for less than 1 full fiscal year.3. Having received no sanction pursuant to Article 103, subparagraph 1 of the SITC Act, Article 100, paragraph 1, subparagraph 1 of the Futures Trading Act, or Article 66, subparagraph 1 of the Securities and Exchange Act within the preceding half-year.4. Having received no sanction equal to or greater than those under Article 103, subparagraphs 2 through 5 of the SITC Act, Article 100, paragraph 1, subparagraphs 2 through 4 of the Futures Trading Act, or Article 66, subparagraphs 2 through 4 of the Securities and Exchange Act within the preceding two years.5. Having made substantive corrections after being sanctioned pursuant to the preceding two subparagraphs and receiving an order to take corrective action.6. Other qualifications as may be prescribed by the FSC.