Financial Asset Securitization Act Article 87

Law:: Financial Asset Securitization Act
Chinese:: 金融資產證券化條例第87條

The utilization of the SPC's own property and the idle funds derived from the Assets transferred to it shall be limited to the following.Article 13 and Article 15 of the Company Act shall not apply:1. bank deposits;2. purchase of government bonds or financial bonds;3. purchase of treasury bills or negotiable certificate of time deposit;4. purchase of commercial papers with a credit rating above a certain level or guaranteed or accepted by banks with a rating above a certain level set by the competent authority; and5. other utilizations with the approval of the competent authority.

中文原文金融資產證券化條例第87條

特殊目的公司之自有財產及因其所受讓之資產而生閒置資金，其運用範圍以下列各款為限，不適用公司法第十三條及第十五條之規定：
一、銀行存款。
二、購買政府債券或金融債券。
三、購買國庫券或銀行可轉讓定期存單。
四、購買經主管機關規定一定評等等級以上之銀行保證、承兌或經一定等級以上信用評等之商業票據。
五、其他經主管機關核准之運用方式。

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