Regulations Governing Securities Investment Trust Funds Article 41-1

"Active ETF" refers to a fund for which the securities investment trust enterprise, based on a specific investment strategy, utilizes the fund to invest, actively engages in analysis and makes investment decisions, and trades on the securities exchange market, with subscriptions and redemptions carried out through delivery in-kind or by the methods prescribed in the securities investment trust agreement.The investment scope of an active ETF under the preceding paragraph includes stocks, bonds, and other securities approved by the FSC.Active ETFs shall be handled in accordance with these Regulations and the securities investment trust agreement and additionally shall comply with the following requirements:1. The term "active" shall be expressly indicated in the fund name of an active ETF.2. An active ETF that invests in stocks shall be subject, mutatis mutandis, to the provisions of Articles 25 and 26.3. An active ETF that invests in bonds shall be subject, mutatis mutandis, to the provisions of Articles 27 to 29.