Regulations Governing Securities Investment Trust Funds Article 16
A SITE offering a fund for investment in real estate investment trust fund certificates of beneficial interest or real estate asset trust fund certificates of beneficial interest offered publicly pursuant to the Real Estate Securitization Act shall observe the following conditions:1. The fund shall be restricted to investment in closed-end real estate investment trust fund certificates of beneficial interest or real estate asset trust fund certificates of beneficial interest approved by the FSC.2. The total investment by any such fund in real estate investment trust beneficiary units issued by any single trustee institution may not exceed ten percent of the beneficiary units already issued.3. The total investment by any such fund in real estate asset trust beneficial securities issued by any single trustee institution may not exceed ten percent of the total value of the given issue (or tranche, where the issue is tranched).4. The total investment by any such fund in the real estate asset trust beneficial securities and real estate investment trust beneficial securities issued by any single trustee institution may not exceed ten percent of the fund's total asset value.5. The total monetary amount invested by a fund in the real estate asset trust beneficial securities issued by any single principal through entrusting real estate assets to a trustee organization, the beneficial securities or asset-backed securities issued by that principal through entrusting financial assets to a trustee organization or a special-purpose company, and the stocks, corporate bonds, or financial bonds issued by that principal may not exceed 10 percent of the net asset value of the fund.6. The real estate investment trust beneficial securities or real estate asset trust beneficial securities in which such a fund invests shall have a credit rating at or above a prescribed level issued by an FSC-approved or recognized credit-rating institution.When a SITE is an interested company as referred to in Article 10, paragraph 1 with respect to the trustee institution of a real estate investment trust beneficial security, or with respect to the principal or trustee institution of a real estate assets trust beneficial security, the SITE may not invest fund assets in those real estate investment trust beneficial securities or real estate assets trust beneficial securities.
中文原文 證券投資信託基金管理辦法（93.10.30 訂定）第16條
證券投資信託事業募集基金投資於依不動產證券化條例募集之不動產投資信託基金受益證券或不動產資產信託受益證券時，應遵守下列規定：
一、以經本會核准募集之封閉型不動產投資信託基金受益證券或不動產信託受益證券為限。
二、每一基金投資於任一受託機構發行之不動產投資信託基金之受益權單位總數，不得超過該不動產投資信託基金已發行受益權單位總數之百分之十。
三、每一基金投資於任一受託機構發行之不動產資產信託受益證券之總額，不得超過該受託機構該次（如有分券指分券後）發行之不動產資產信託受益證券總額之百分之十。
四、每一基金投資於任一受託機構發行之不動產投資信託基金受益證券及不動產資產信託受益證券之總金額，不得超過該基金淨資產價值之百分之十。
五、每一基金投資於任一委託人將不動產資產信託與受託機構發行之不動產資產信託受益證券、將金融資產信託與受託機構或讓與特殊目的公司發行之受益證券或資產基礎證券，及其所發行之股票、公司債、金融債券之總金額，不得超過本基金淨資產價值之百分之十。
六、所投資之不動產投資信託基金受益證券或不動產資產信託受益證券應符合經本會核准或認可之信用評等機構評等達一定等級以上者。
證券投資信託事業與不動產投資信託基金受益證券之受託機構或不動產資產信託受益證券之委託人或受託機構具有第十一條第一項所稱利害關係公司之關係者，證券投資信託事業不得運用基金投資於該不動產投資信託基金受益證券或不動產資產信託受益證券。
一、以經本會核准募集之封閉型不動產投資信託基金受益證券或不動產信託受益證券為限。
二、每一基金投資於任一受託機構發行之不動產投資信託基金之受益權單位總數，不得超過該不動產投資信託基金已發行受益權單位總數之百分之十。
三、每一基金投資於任一受託機構發行之不動產資產信託受益證券之總額，不得超過該受託機構該次（如有分券指分券後）發行之不動產資產信託受益證券總額之百分之十。
四、每一基金投資於任一受託機構發行之不動產投資信託基金受益證券及不動產資產信託受益證券之總金額，不得超過該基金淨資產價值之百分之十。
五、每一基金投資於任一委託人將不動產資產信託與受託機構發行之不動產資產信託受益證券、將金融資產信託與受託機構或讓與特殊目的公司發行之受益證券或資產基礎證券，及其所發行之股票、公司債、金融債券之總金額，不得超過本基金淨資產價值之百分之十。
六、所投資之不動產投資信託基金受益證券或不動產資產信託受益證券應符合經本會核准或認可之信用評等機構評等達一定等級以上者。
證券投資信託事業與不動產投資信託基金受益證券之受託機構或不動產資產信託受益證券之委託人或受託機構具有第十一條第一項所稱利害關係公司之關係者，證券投資信託事業不得運用基金投資於該不動產投資信託基金受益證券或不動產資產信託受益證券。