Clauses of the Real Estate Securitization Act Article 13
The Trustee may conduct a private placement of REIT Beneficial Securities to the following objects:1. banking enterprises, finance bills enterprises, trust enterprises, insurance enterprises, securities enterprises or other juristic persons or institutions approved by the competent authority; or2. natural persons, juristic persons or funds that meet the requirements as prescribed by the competent authority.The total subscribers as referred to in subparagraph 2 of the preceding paragraph shall not exceed thirty-five (35) persons.The Trustee shall have the obligation of providing financial, business or other information regarding the private placement for the reasonable requirements made by the objects described in paragraph 1, subparagraph 2 prior to the completion of the private placement.The Trustee shall report to the competent authority for the record within fifteen (15) days after the date when the purchase price payment of REIT Beneficial Securities is completed.The transfer limitations of privately placed securities shall be explicitly noted on the REIT Beneficial Securities, and recorded in related written documents delivered to the subscriber or purchaser.Article 20, Article 43-7, and Article 43-8, paragraph 1 of the Securities and Exchange Act shall apply mutatis mutandis to the REIT Beneficial Securities privately placed.
中文原文 不動產證券化條例第13條
受託機構得對下列對象進行不動產投資信託受益證券之私募：
一、銀行業、票券業、信託業、保險業、證券業或其他經主管機關核准之法人或機構。
二、符合主管機關所定條件之自然人、法人或基金。
前項第二款之應募人總數，不得超過三十五人。
受託機構應第一項第二款對象之合理請求，於私募完成前負有提供與本次私募有關之財務、業務或其他資訊之義務。
受託機構應於不動產投資信託受益證券價款繳納完成日起十五日內，報請主管機關備查。
有關私募有價證券轉讓之限制，應於不動產投資信託受益證券以明顯文字註記，並於交付應募人或購買人之相關書面文件中載明。
證券交易法第二十條、第四十三條之七及第四十三條之八第一項之規定，於私募之不動產投資信託受益證券準用之。
一、銀行業、票券業、信託業、保險業、證券業或其他經主管機關核准之法人或機構。
二、符合主管機關所定條件之自然人、法人或基金。
前項第二款之應募人總數，不得超過三十五人。
受託機構應第一項第二款對象之合理請求，於私募完成前負有提供與本次私募有關之財務、業務或其他資訊之義務。
受託機構應於不動產投資信託受益證券價款繳納完成日起十五日內，報請主管機關備查。
有關私募有價證券轉讓之限制，應於不動產投資信託受益證券以明顯文字註記，並於交付應募人或購買人之相關書面文件中載明。
證券交易法第二十條、第四十三條之七及第四十三條之八第一項之規定，於私募之不動產投資信託受益證券準用之。