Regulations Governing Required Qualifications for Responsible Persons and Required Trust Expertise or Experience for Operations and Managerial Personnel of Trust Enterprises Article 13

The operations and managerial personnel of a trust enterprise fall into three categories, based on the nature of their duties, as follows:1. Supervisory personnel: Includes general managers and general auditors, assistant general managers and deputy assistant general managers who supervise trust business, members of the trust property evaluation committee, and directors and supervisors under the provisions of Article 8 and Article 10.2. Managerial personnel: Includes managers, assistant managers, junior managers, section chiefs, and assistant section chiefs managing trust business.3. Associated persons: Includes personnel handling trust business other than those of subparagraphs 1 and 2 above.In the event that other laws or the articles of incorporation of a trust enterprise provide for positions with duties equivalent to those of the personnel of any subparagraph of the preceding paragraph, they shall be considered the same as the personnel of that subparagraph. Any of the following will be considered supervisory personnel:1. A manager or person with equivalent duties at a Taiwanese branch of any foreign bank or a foreign securities firm that concurrently conducts trust business in Taiwan who has been authorized by the given bank or securities firm's head office to oversee business at all of its branches in Taiwan.2. The head of the internal auditing department of any securities firm, securities investment trust enterprise, or securities investment consulting enterprise that concurrently conducts trust business.