Regulations Governing the Management of Collective Trust Funds Article 26
In utilizing a collective trust fund, a trust enterprise shall comply with the Act and the following provisions:1. The fund may not be used to make a guarantee or provide security.2. The fund may not be used to engage in securities margin trading.3. The trust enterprise may not engage in transactions between different collective trust funds that it manages.4. The total bank deposits of the fund may not exceed 20 percent of the fund assets with the exception of money market collective trust funds.5. The aggregate amount of investment in the stocks, depositary receipts, corporate bonds, financial debentures and short term bills issued by any exchanged-listed or OTC-listed company may not exceed 10 percent of the fund's net asset value on the date of investment.6. The aggregate amount of investment by any collective trust fund in the stocks, corporate bonds, financial debentures and short-term bills issued by any exchanged-listed or OTC-listed company may not exceed 10 percent of the company's paid-in capital on the date of investment.7. The aggregate investment in the beneficial units of any fund described in Subparagraph 10, Paragraph 2 of Article 23 herein by any collective trust fund may not exceed 10 percent of the collective trust fund's net asset value on the date of investment or 10 percent of total beneficial units already issued by the invested fund; the aggregate investment in the beneficial units of any fund described in Subparagraph 10, Paragraph 2 of Article 23 herein by all collective trust funds offered by the trust enterprise may not exceed 20 percent of the total beneficial units already issued by the invested fund.8. The aggregate amount of deposits at the same financial institution, investment in the financial debentures it issues and in the corporate bonds and short-term bills it guarantees may not exceed 20 percent of the collective trust fund's net asset value or 10 percent of the financial institution's networth on the date of investment. 9. Unless a trust enterprise has been approved by the competent authority to concurrently engage in futures trust business, the total market value of the open positions in futures trading contracts as defined in Article 3 of the Futures Trading Act held by a collective trust fund may not exceed 40 percent of the fund's net asset value on the date of the transaction.10. The aggregate amount of investment in securitized products issued under the same securitization issuance plan by a collective trust fund may not exceed 10 percent of the fund's net asset value on the date of the investment.11. The aggregate amount of investment in any securitized products plus investment in the stocks, corporate bonds, financial debentures, and short-term bills issued by the originator of the securitized product by a collective trust fund may not exceed 20 percent of the fund's net asset value on the date of the investment.12. When a trust enterprise has an interested party relationship as defined in Article 7 of the Act with the originator, trustor, trustee or special-purpose company in association with a securitized product, the trust enterprise may not utilize a collective trust fund to invest in said securitized product.13. The types of foreign futures products and exchanges at which futures trading may take place shall be limited to those publicly announced by the competent authority pursuant to Article 5 of the Futures Trading Act.14. Investment by a collective trust fund in instruments set out in any subparagraph under Paragraph 2 of Article 23 herein shall be denominated in foreign currency provided it is an offshore investment; Subparagraph 3, Article 17 of the Regulations Governing Offshore Structured Products shall apply mutatis mutandis to instruments that an overseas financial derivative may not be linked to.15. Where necessary, the competent authority may prescribe additional provisions for compliance in investment in movables, real estate, or other investments approved by the competent authority.16. The trust enterprise may not engage in activities prohibited by other laws or regulations or by the competent authority.When utilizing a collective trust fund to invest in underwritten stocks, a trust enterprise shall combine the shares of exchange-listed or OTC-listed stocks of the same type held by the fund into the calculation of total shares or aggregate dollar amount to determine whether the investment ceiling allowed is reached; when investing in depositary receipts, the trust enterprise shall combine the shares of underlying stock held by the fund into the calculation of aggregate dollar amount or total shares to determine whether the investment ceiling allowed is reached.The provisions of Subparagraphs 4 ~ 11 of Paragraph 1 hereof and Article 27 herein do not apply to any collective trust fund in the first three months of the fund's establishment or in the month prior to the fund's expiration.
中文原文 共同信託基金管理辦法第26條
信託業運用共同信託基金，應遵守本法及下列之規定：
一、不得運用於保證或提供擔保。
二、不得從事證券信用交易。
三、本身管理之各共同信託基金間不得互為交易。
四、銀行存款金額不得超過本共同信託基金資產百分之二十。
但貨幣市場共同信託基金不在此限。
五、運用於任一上市、上櫃公司發行之股票、存託憑證、公司債、金融債券及短期票券之總金額，不得超過投資當日該共同信託基金淨資產價值百分之十。
六、運用每一共同信託基金投資於任一上市、上櫃公司發行之股票、公司債、金融債券及短期票券之總金額，合計不得超過投資當日該公司實收資本額百分之十。
七、每一共同信託基金投資於第二十三條第二項第十款任一標的之受益權單位總數，不得超過投資當日該共同信託基金淨資產價值百分之十及被投資基金已發行受益權單位總數之百分之十；所募集之全部共同信託基金投資於第二十三條第二項第十款任一標的總金額不得超過被投資標的已發行受益權單位總數百分之二十。
八、存放於同一金融機構之存款、投資其發行之金融債券與其保證之公司債及短期票券金額，合計不得超過投資當日該共同信託基金淨資產價值百分之二十及該金融機構淨值百分之十。
九、信託業除經主管機關核准兼營期貨信託業務外，運用於期貨交易法第三條之期貨交易，其未沖銷部位期貨交易契約總市值不得超過交易當日共同信託基金淨資產價值百分之四十。
十、運用於同一證券化發行計畫之證券化商品總金額不得超過投資當日該共同信託基金淨資產價值百分之十。
十一、運用於任一證券化商品之金額，加計該商品創始機構發行之股票、公司債、金融債券及短期票券之總金額，不得超過投資當日該共同信託基金淨資產價值之百分之二十。
十二、信託業與證券化商品之創始機構、委託人、受託機構或特殊目的公司之任一機構具有本法第七條所稱利害關係人之關係者，信託業不得運用共同信託基金投資於該證券化商品。
十三、投資境外期貨之種類及交易所，以經主管機關依期貨交易法第五條所公告者為限。
十四、運用於第二十三條第二項之各款標的，屬境外投資者，應以外幣計價；屬境外之衍生性金融商品，其不得連結之標的，準用境外結構型商品管理規則第十七條第三款規定。
十五、運用於動產、不動產或主管機關核准之其他投資，應遵守之規定，主管機關必要時得另定之。
十六、不得為其他法令或主管機關規定之禁止事項。
信託業運用共同信託基金投資承銷股票額度應與同種類上市、上櫃公司股票之股份，合併計算總數額或總金額，以合併計算得投資之比率上限；投資存託憑證應與所持有該存託憑證發行公司發行之股票，合併計算總金額或總數額，以合併計算得投資之比率上限。
每一共同信託基金自基金成立屆滿三個月以前或存續期間屆滿日前一個月，不適用第一項第四款至第十一款及第二十七條規定。
一、不得運用於保證或提供擔保。
二、不得從事證券信用交易。
三、本身管理之各共同信託基金間不得互為交易。
四、銀行存款金額不得超過本共同信託基金資產百分之二十。
但貨幣市場共同信託基金不在此限。
五、運用於任一上市、上櫃公司發行之股票、存託憑證、公司債、金融債券及短期票券之總金額，不得超過投資當日該共同信託基金淨資產價值百分之十。
六、運用每一共同信託基金投資於任一上市、上櫃公司發行之股票、公司債、金融債券及短期票券之總金額，合計不得超過投資當日該公司實收資本額百分之十。
七、每一共同信託基金投資於第二十三條第二項第十款任一標的之受益權單位總數，不得超過投資當日該共同信託基金淨資產價值百分之十及被投資基金已發行受益權單位總數之百分之十；所募集之全部共同信託基金投資於第二十三條第二項第十款任一標的總金額不得超過被投資標的已發行受益權單位總數百分之二十。
八、存放於同一金融機構之存款、投資其發行之金融債券與其保證之公司債及短期票券金額，合計不得超過投資當日該共同信託基金淨資產價值百分之二十及該金融機構淨值百分之十。
九、信託業除經主管機關核准兼營期貨信託業務外，運用於期貨交易法第三條之期貨交易，其未沖銷部位期貨交易契約總市值不得超過交易當日共同信託基金淨資產價值百分之四十。
十、運用於同一證券化發行計畫之證券化商品總金額不得超過投資當日該共同信託基金淨資產價值百分之十。
十一、運用於任一證券化商品之金額，加計該商品創始機構發行之股票、公司債、金融債券及短期票券之總金額，不得超過投資當日該共同信託基金淨資產價值之百分之二十。
十二、信託業與證券化商品之創始機構、委託人、受託機構或特殊目的公司之任一機構具有本法第七條所稱利害關係人之關係者，信託業不得運用共同信託基金投資於該證券化商品。
十三、投資境外期貨之種類及交易所，以經主管機關依期貨交易法第五條所公告者為限。
十四、運用於第二十三條第二項之各款標的，屬境外投資者，應以外幣計價；屬境外之衍生性金融商品，其不得連結之標的，準用境外結構型商品管理規則第十七條第三款規定。
十五、運用於動產、不動產或主管機關核准之其他投資，應遵守之規定，主管機關必要時得另定之。
十六、不得為其他法令或主管機關規定之禁止事項。
信託業運用共同信託基金投資承銷股票額度應與同種類上市、上櫃公司股票之股份，合併計算總數額或總金額，以合併計算得投資之比率上限；投資存託憑證應與所持有該存託憑證發行公司發行之股票，合併計算總金額或總數額，以合併計算得投資之比率上限。
每一共同信託基金自基金成立屆滿三個月以前或存續期間屆滿日前一個月，不適用第一項第四款至第十一款及第二十七條規定。