Regulations Governing the Management of Collective Trust Funds Article 24

The trust assets of a money market collective trust fund may only be used to invest in instruments set out in Subparagraphs 1 ~ 8, Paragraph 2 of the preceding article and other investment instruments approved by the competent authority in consultation with the Central Bank.The total investment in bank deposits, short-term bills and repo trades made by a money market collective trust fund shall reach at least 70 percent of the fund's net asset value.For a collective trust fund that carries a name other than money market collective trust fund, its total investment in money market shall not exceed 30 percent of its approved offering amount.Unless a trust enterprise has been approved by the competent authority to concurrently engage in futures trust business, the total market value of futures trading contracts as defined in Article 3 of the Futures Trading Act held by a collective trust fund shall not exceed 40 percent of the fund's approved offering amount.In managing a collective trust fund, a trust enterprise shall maintain adequate liquidity and adjust the scope and ratio of its liquid assets prescribed by the competent authority pursuant to Article 36 of the Act.