Clauses of the Real Estate Securitization Act Article 15
When a trustee publicly offers beneficiary securities according to the REIT plan, the trustee shall provide the subscribers or purchasers with a prospectus in a manner prescribed in the Securities and Exchange Act.When a trustee privately places beneficiary securities, the trustee shall provide the subscribers or purchasers with an investment memorandum in a manner prescribed by the competent authority.The guidelines for information to be published in the prospectus in paragraph 1 hereof and the investment memorandum as referred to in the preceding paragraph shall be prescribed by the competent authority.
中文原文 不動產證券化條例第15條
受託機構依不動產投資信託計畫募集受益證券時，受託機構應依證券交易法規定之方式，向應募人或購買人提供公開說明書。
受託機構私募受益證券時，受託機構應依主管機關規定之方式，向應募人或購買人提供投資說明書。
第一項公開說明書及前項投資說明書之應行記載事項，由主管機關以準則定之。
受託機構私募受益證券時，受託機構應依主管機關規定之方式，向應募人或購買人提供投資說明書。
第一項公開說明書及前項投資說明書之應行記載事項，由主管機關以準則定之。