Regulations Governing Securities Investment Trust Funds Article 79
The duration of a fund shall be as stipulated in the fund's securities investment trust agreement.Given any of the following circumstances, a securities investment trust agreement shall be terminated following FSC approval:1. When the SITE or the fund's custodian institution undergo dissolution or bankruptcy or their business approval is cancelled or voided, or where their management or custody of a fund are obviously deficient and an FSC ordered switch renders them unable to continue to execute their duties, while at the same time no existing SITEs or custodian institutions are suited for succession to the rights and obligation of the original SITE or custodian institution.2. When a beneficiaries' meeting resolves to switch SITEs or custodian institutions, and there is no other suitable SITE or custodian institution to succeed to the rights and obligations of the original SITE or custodian institution.3. When the net asset value of a fund drops below the FSC-prescribed standard.4. When market conditions, the nature or scale of the fund, or other legal or substantive conditions make the fund's continued operation impossible.5. When the beneficiaries' meeting resolves to terminate the securities investment trust agreement.6. When the beneficiaries' meeting resolves that its SITE or custodian institution is unacceptable, and there is no other suitable SITE or custodian institution to succeed to the rights and obligations of the original SITE or custodian institution.7. When there are other reasons for termination as stipulated in the securities investment trust agreement.The FSC may order the termination of a securities investment trust agreement when it deems such action warranted to protect the public interest or the rights and interests of beneficiaries.When a securities investment trust agreement is terminated because the fund's period of duration has lapsed, such fact shall be reported to the FSC for recordation within two days after the period has lapsed.A SITE shall announce the termination of a securities investment trust agreement within two days of the date on which the termination is reported for recordation or the termination is approved.
中文原文 證券投資信託基金管理辦法（931030訂定）第79條
基金之存續期間依證券投資信託契約之約定。
證券投資信託契約有下列情事之一者，應經本會核准後予以終止︰一、證券投資信託事業或基金保管機構有解散、破產、撤銷或廢止核准之情事，或因對基金之經理或保管顯然不善，經本會命令更換，致不能繼續執行職務，而無其他適當之證券投資信託事業或基金保管機構承受原事業或機構之權利及義務。
二、受益人會議決議更換證券投資信託事業或基金保管機構，而無其他適當之證券投資信託事業或基金保管機構承受原事業或機構之權利及義務。
三、基金淨資產價值低於本會所定之標準。
四、因市場狀況、基金特性、規模，或其他法律上或事實上原因致基金無法繼續經營。
五、受益人會議決議終止證券投資信託契約。
六、受益人會議之決議，證券投資信託事業或基金保管機構無法接受，且無其他適當之證券投資信託事業或基金保管機構承受原事業或機構之權利及義務。
七、其他依證券投資信託契約所定終止事由。
基於保護公益或受益人權益，以終止證券投資信託契約為宜者，本會得命令終止之。
證券投資信託契約因存續期間屆滿而終止者，應於屆滿二日內申報本會備查。
證券投資信託契約之終止，證券投資信託事業應於申報備查或核准之日起二日內公告之。
證券投資信託契約有下列情事之一者，應經本會核准後予以終止︰一、證券投資信託事業或基金保管機構有解散、破產、撤銷或廢止核准之情事，或因對基金之經理或保管顯然不善，經本會命令更換，致不能繼續執行職務，而無其他適當之證券投資信託事業或基金保管機構承受原事業或機構之權利及義務。
二、受益人會議決議更換證券投資信託事業或基金保管機構，而無其他適當之證券投資信託事業或基金保管機構承受原事業或機構之權利及義務。
三、基金淨資產價值低於本會所定之標準。
四、因市場狀況、基金特性、規模，或其他法律上或事實上原因致基金無法繼續經營。
五、受益人會議決議終止證券投資信託契約。
六、受益人會議之決議，證券投資信託事業或基金保管機構無法接受，且無其他適當之證券投資信託事業或基金保管機構承受原事業或機構之權利及義務。
七、其他依證券投資信託契約所定終止事由。
基於保護公益或受益人權益，以終止證券投資信託契約為宜者，本會得命令終止之。
證券投資信託契約因存續期間屆滿而終止者，應於屆滿二日內申報本會備查。
證券投資信託契約之終止，證券投資信託事業應於申報備查或核准之日起二日內公告之。