Trust Enterprise Act Article 18

Types of business to be conducted by a trust enterprise shall be submitted to the Competent Authority for approval, and amendments thereto shall also require such approval. A trust enterprise’s business related to foreign exchange shall be approved by the Central Bank of the Republic of China (Taiwan). If the business of the trust enterprise involves discretionary decision-making in the investment targets, where the trust property is utilized in securities as defined in Articles 6 of the Securities and Exchange Act or in futures as defined by Article 3 of the Futures Trading Act, and where certain conditions are met, shall apply to the Competent Authority to concurrently operate securities investment consulting services.A trust enterprise shall not conduct any business other than as approved by the Competent Authority.