Regulations Governing Securities Investment Trust Funds Article 53

Within five days after receiving full payment of the price for the privately placed certificates of beneficial interest, a SITE shall submit the following documents to file for recordation with the FSC:1. The securities investment trust agreement.2. A record of deliberation at the board of directors' meeting on the resolution for private placement of a fund.3. A photocopy of documents showing qualification of the fund manager under the Regulations Governing Responsible Persons and Associated Persons of Securities Investment Trust Enterprises.4. An affidavit stating that none of the circumstances under Article 59 apply to the fund's custodian institution.5. An investment prospectus.6. An affidavit stating that the beneficiaries meet the qualifications required under Article 11, paragraph 1 of the Securities Investment Trust and Consulting Act.7. A bank deposit certificate for the fund's dedicated account.8. For funds placed privately overseas for domestic investment or for funds placed privately domestically for investment overseas, a photocopy of the Central Bank of China's letter of approval shall be included.Any change to the securities investment trust agreement for a privately placed fund shall be reported to the FSC within five days.