Trust Enterprise Act Article 27

A trust enterprise shall not conduct the following acts, except those acts which are conducted pursuant to the trust agreement, or an act of which the trust enterprise has notified the beneficiary in advance and to which it has acquired written consent from the beneficiary:1.Use trust property to purchase securities or notes brokered by such an enterprise’s banking department.2.Use trust property as deposits by depositing such trust property with its banking department or that of a related party, or for a transaction related to foreign exchange with the said banking department.3.Engage in transactions with itself or its related party other than transactions specified in Article 25, paragraph 1.The preceding paragraph does not apply to the term of a trust agreement, which states that a trust company is not entitled to the right to utilize the trust property. A trust enterprise shall fully notify the trustor of transaction circumstances as regards the trust property with itself, or transaction circumstances with respect to the trust property between it and a related party. If a beneficiary is identified, the trust enterprise shall also notify the beneficiary of the said information.The transactions related to foreign exchange as mentioned in paragraph 1, subparagraph 2, shall be subject to laws and regulations related to foreign exchange. A trustor shall be fully informed of risks related to foreign exchange. If a beneficiary is identified, he/she shall also be notified of the said information.A trust enterprise shall formulate written policies and procedures with respect to control measures of related party transactions.