Financial Asset Securitization Act Article 28

In order to protect the rights and interests of the beneficiaries, the Trustee may appoint a Trust Supervisor in accordance with the SPT contract.The Trust Supervisor may take any litigious or non-litigious act related to the trust in his/her own name for the interest of the beneficiaries or the trustor, except for the following rights:1. releasing the Trustee from any liability;2. altering or terminating the SPT contract;3. agreeing on the resignation of the Trustee, removing the Trustee or applying for a court order to remove the Trustee;4. appointing, or applying to the court for an order to appoint, a new Trustee; and5. other rights the Trust Supervisor shall not exercise in accordance with the SPT contract.When appointing the Trust Supervisor in accordance with paragraph 1, the Trustee shall inform all beneficiaries in written form within ten (10) days after the appointment
中文原文 金融資產證券化條例第28條
受託機構為保護受益人之權益,得依特殊目的信託契約之約定,選任信託監察人。
信託監察人得以自己名義,為受益人及委託人為有關信託之訴訟上或訴訟外之行為。
但下列權利,不適用之:
一、解除受託機構之責任。
二、變更或終止特殊目的信託契約。
三、同意受託機構之辭任、解任受託機構或聲請法院解任受託機構。
四、指定或聲請法院選任新受託機構。
五、其他依特殊目的信託契約約定信託監察人不得行使之權利。
受託機構依第一項規定選任信託監察人時,應自選任之日起十日內以書面通知各受益人。

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