Clauses of the Real Estate Securitization Act Article 58

Law:: Clauses of the Real Estate Securitization Act
Chinese:: 不動產證券化條例第58條

If any of the following circumstances, the person(s) responsible for such act shall be punished with imprisonment for not less than one (1) year and not more than seven (7) years, and a criminal fine of not more than Ten Million New Taiwan Dollars (NT$ 10,000,000):1. an enterprise not qualified as a Trustee as provided for in Article 4, paragraph 2 hereof serves as a Trustee for the REIT or REAT and offers/issues Beneficial Securities; or2. the Trustee offers and issues Beneficial Securities without the approval of or effective registration with the competent authority, in violation of Article 6, paragraph 1 or Article 29, paragraph 1 hereof.

中文原文不動產證券化條例第58條

有下列情事之一者，其行為負責人處一年以上七年以下有期徒刑，得併科新臺幣一千萬元以下罰金：
一、非第四條第二項之受託機構而擔任不動產投資信託或不動產資產信託之受託人，且募集發行受益證券。
二、違反第六條第一項或第二十九條第一項規定，受託機構未經主管機關核准或向主管機關申報生效，而募集發行受益證券。

English translation for reference only; the Chinese text prevails. Not legal advice.