Regulations Governing Securities Investment Trust Funds Article 59
Given either of the following circumstances, an institution may not serve as the custodian institution of a fund:1. The FSC has issued a disposition against the institution pursuant to Article 115 of the Securities Investment Trust and Consulting Act and the effective period of the disposition has not yet lapsed.2. The institution does not have a credit rating at or above a prescribed level by an FSC-approved or recognized credit-rating institution.Given any one of the following circumstances, a trust enterprise or a bank that concurrently operates trust business may not serve as the custodian institution for a fund managed by the respective SITE:1. The trust enterprise or bank is invested in ten percent or more of the total issued shares of the SITE.2. The trust enterprise or bank serves as director or supervisor of the given SITE; or a director or supervisor of the trust enterprise or bank also serves as a director, supervisor, or manager of the given SITE.3. The SITE is invested in ten percent or more of the total issued shares of the trust enterprise or bank.4. The SITE or its representative is a director or supervisor of the given trust enterprise or bank.5. The trust enterprise or bank serves as the fund's certification agency.6. The trust enterprise or bank and the SITE are each subsidiaries of the same financial holding company, or are affiliated enterprises.7. Any other circumstance exists in which the FSC, for the public interest, deems it inappropriate to serve as the custodian institution of a fund.The provisions of subparagraph 2 of the preceding paragraph apply mutatis mutandis to the representative or designated representative of a juristic person director or supervisor who executes the duties of the juristic person."Subsidiary" as used in paragraph 2, subparagraph 6, has the meaning given in Article 4 of the Financial Holding Company Act.A SITE shall adopt and implement a set of standards governing selection of the custodian institution of a fund.
中文原文 證券投資信託基金管理辦法（931030訂定）第59條
有下列情形之一者，不得擔任基金保管機構：
一、經本會依本法第一百十五條規定處分，處分期限尚未屆滿。
二、未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。
信託公司或兼營信託業務之銀行有下列情形之一，除經本會核准外，不得擔任各該證券投資信託事業之基金保管機構：
一、投資於證券投資信託事業已發行股份總數達百分之十以上。
二、擔任證券投資信託事業董事或監察人；或其董事、監察人擔任證券投資信託事業董事、監察人或經理人。
三、證券投資信託事業持有其已發行股份總數達百分之十以上。
四、由證券投資信託事業或其代表人擔任董事或監察人。
五、擔任基金之簽證機構。
六、與證券投資信託事業屬於同一金融控股公司之子公司，或互為關係企業。
七、其他經本會為保護公益規定不適合擔任基金保管機構。
董事、監察人為法人者，其代表或指定代表行使職務者，準用前項第二款規定。
第二項第六款所稱子公司，指金融控股公司法第四條所稱之子公司。
證券投資信託事業應訂定基金保管機構遴選標準，並執行之。
一、經本會依本法第一百十五條規定處分，處分期限尚未屆滿。
二、未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。
信託公司或兼營信託業務之銀行有下列情形之一，除經本會核准外，不得擔任各該證券投資信託事業之基金保管機構：
一、投資於證券投資信託事業已發行股份總數達百分之十以上。
二、擔任證券投資信託事業董事或監察人；或其董事、監察人擔任證券投資信託事業董事、監察人或經理人。
三、證券投資信託事業持有其已發行股份總數達百分之十以上。
四、由證券投資信託事業或其代表人擔任董事或監察人。
五、擔任基金之簽證機構。
六、與證券投資信託事業屬於同一金融控股公司之子公司，或互為關係企業。
七、其他經本會為保護公益規定不適合擔任基金保管機構。
董事、監察人為法人者，其代表或指定代表行使職務者，準用前項第二款規定。
第二項第六款所稱子公司，指金融控股公司法第四條所稱之子公司。
證券投資信託事業應訂定基金保管機構遴選標準，並執行之。