Clauses of the Real Estate Securitization Act Article 23
To utilize the REIT fund, a trustee shall make investment decisions based on the investment analysis report, put them into execution, produce the investment decision records and implementation records, and submit the review reports to the board of directors periodically.The investment analysis report as referred to in the preceding paragraph shall contain analysis essentials, bases and suggestions. The investment decision record shall contain the types and quantities of invested objects and the timing of investment. The implementation record shall contain actual investments or the types, quantities, and prices of objects traded and the time of trading, and explain the reasons for the disparity between the decision and the actual investment or trading.With regard to the utilization of the REIT fund, whether the trust property is managed or disposed of by the trustee itself or an appointed real estate management institution, the trustee shall prepare a written management report according to the planning, acquisition, development, sale and operational phases, and shall submit the respective review report of each phase to the board of directors every quarter.The written information referred to in the preceding three paragraphs shall be recorded sequentially and retained in file by the trustee; the period of retention shall not be less than five (5) years from the expiration date of the trust.
中文原文 不動產證券化條例第23條
受託機構運用不動產投資信託基金，應依據投資分析報告作成投資決定，交付執行，作成投資決定紀錄及執行紀錄，並應定期向董事會提出檢討報告。
前項投資分析報告，應記載分析基礎、根據及建議；投資決定紀錄，應記載投資標的之種類、數量及時機；執行紀錄，應記載實際投資、或交易標的之種類、數量、價格及時間，並說明投資或交易差異原因。
受託機構運用不動產投資信託基金自行或委任不動產管理機構進行信託財產之管理或處分，應依計畫、取得、開發、銷售、經營等階段作成書面控管報告，並按季向董事會提出各階段之檢討報告。
前三項書面資料，受託機構應按時序記載並建檔保存；其保存期限，自信託期間屆滿日起不得少於五年。
前項投資分析報告，應記載分析基礎、根據及建議；投資決定紀錄，應記載投資標的之種類、數量及時機；執行紀錄，應記載實際投資、或交易標的之種類、數量、價格及時間，並說明投資或交易差異原因。
受託機構運用不動產投資信託基金自行或委任不動產管理機構進行信託財產之管理或處分，應依計畫、取得、開發、銷售、經營等階段作成書面控管報告，並按季向董事會提出各階段之檢討報告。
前三項書面資料，受託機構應按時序記載並建檔保存；其保存期限，自信託期間屆滿日起不得少於五年。