Regulations Governing Securities Investment Trust Funds Article 39
Given compliance with the following provisions, a SITE investing a passive ETF may borrow domestic securities and provide fund assets as collateral without regard for the restrictions of Article 10, paragraph 1, subparagraph 2 herein:1. Only when the purpose of borrowing securities, as set forth in the passive ETF securities investment trust agreement, is to meet an insufficiency in the fund shareholdings needed for in-kind delivery in redemptions.2. The total value of securities borrowed by a passive ETF may not exceed ten percent of the net asset value of the fund.A SITE borrowing domestic securities against fund assets shall do so in accordance with the applicable TWSE and GTSM regulations.
中文原文 證券投資信託基金管理辦法（931030訂定）第39條
證券投資信託事業運用指數股票型基金，符合下列條件者，得借入國內有價證券並以基金資產提供為擔保品，不受第十條第一項第二款限制：
一、借入有價證券之目的，以指數股票型基金證券投資信託契約所定，基金所持有之有價證券不足因應實物買回所需有價證券之事由為限。
二、每一指數股票型基金借入有價證券之總金額，不得超過本基金淨資產價值之百分之十。
證券投資信託事業運用基金借入國內有價證券，應依證券交易所及證券櫃檯買賣中心相關規定辦理。
一、借入有價證券之目的，以指數股票型基金證券投資信託契約所定，基金所持有之有價證券不足因應實物買回所需有價證券之事由為限。
二、每一指數股票型基金借入有價證券之總金額，不得超過本基金淨資產價值之百分之十。
證券投資信託事業運用基金借入國內有價證券，應依證券交易所及證券櫃檯買賣中心相關規定辦理。