Financial Asset Securitization Act Article 17
When conducting a public offering of Beneficiary Securities to non-specific people in accordance with the asset trust securitization plan, the Trustee shall provide a pubic prospectus to the subscriber or purchaser in a form prescribed by the competent securities authority.When making the public offering described in the preceding paragraph, the Trustee shall apply for an approval from or file an effective registration with the competent securities authority. The public offering guidelines and the content of the prospectus shall be promulgated by the competent securities authority after consultation with the competent authority.If the Trustee issues Beneficiary Securities to specific people through private placement, the Trustee shall provide an investment memorandum to the subscriber or purchaser in accordance with the methods prescribed by the competent authority, and shall annotate so on the Beneficiary Securities with conspicuous language and state so in other relevant documents provided to the subscriber or purchaser.The scope of the specific people, the content of the investment memorandum, and the restriction on the transfer of Beneficiary Securities as referred to in the preceding paragraph shall be further prescribed by the competent authority.paragraphs 1 and 2 shall apply mutatis mutandis, where the specific people sell the held Beneficiary Securities through a public offering to non-specific people.In addition to the requirements of the competent securities authority or the competent authority, the content of the prospectus as referred to in paragraph 1 or the investment memorandum as referred to in paragraph 3 shall completely disclose the following matters:1. the Beneficiary Securities are irrelevant to the deposit with the Originator or any of its debts, and are not protected by the deposit insurance of the Central Deposit Insurance Corporation;2. the Trustee does not guarantee the value of the trust property;3. the relevant rights and potential investment risks of the holders of the Beneficiary Securities; and4. critical items of the SPT contract.
中文原文 金融資產證券化條例第17條
受託機構依資產信託證券化計畫，對非特定人公開招募受益證券時，受託機構應依證券主管機關規定之方式，向應募人或購買人提供公開說明書。
受託機構辦理前項公開招募時，應向證券主管機關申請核准或申報生效，其處理準則及公開說明書之記載事項，由證券主管機關洽商主管機關定之。
受託機構向特定人私募受益證券時，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，並應於受益證券以明顯文字註記，於提供應募人或購買人之相關書面文件中載明。
前項特定人之範圍、投資說明書之內容及受益證券轉讓之限制，由主管機關定之。
特定人出售所持有之受益證券，而對非特定人公開招募者，準用第一項及第二項之規定。
第一項之公開說明書或第三項投資說明書之內容，除依證券主管機關或主管機關之規定外，應充分揭露下列事項：
一、受益證券與創始機構之存款或其他負債無關，亦不受中央存款保險公司存款保險之保障。
二、受託機構不保證信託財產之價值。
三、受益證券持有人之可能投資風險，以及其相關權利。
四、特殊目的信託契約之重要事項。
受託機構辦理前項公開招募時，應向證券主管機關申請核准或申報生效，其處理準則及公開說明書之記載事項，由證券主管機關洽商主管機關定之。
受託機構向特定人私募受益證券時，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，並應於受益證券以明顯文字註記，於提供應募人或購買人之相關書面文件中載明。
前項特定人之範圍、投資說明書之內容及受益證券轉讓之限制，由主管機關定之。
特定人出售所持有之受益證券，而對非特定人公開招募者，準用第一項及第二項之規定。
第一項之公開說明書或第三項投資說明書之內容，除依證券主管機關或主管機關之規定外，應充分揭露下列事項：
一、受益證券與創始機構之存款或其他負債無關，亦不受中央存款保險公司存款保險之保障。
二、受託機構不保證信託財產之價值。
三、受益證券持有人之可能投資風險，以及其相關權利。
四、特殊目的信託契約之重要事項。