Regulations Governing Required Qualifications for Responsible Persons and Required Trust Expertise or Experience for Operations and Managerial Personnel of Trust Enterprises Article 16

Trust enterprise associated persons shall meet one of the following requirements for trust-related expertise or experience:1. Having taken the professional examination for trust business given by the Trust Association or a financial training institution recognized by it and obtaining the certificate of qualification.2. Having passed the examination for associated persons of securities investment trust and consulting enterprises given by an organization commissioned by the Securities Investment Trust and Consulting Association of the R.O.C. (SITCA), and having passed the examination on trust laws and regulations given by the Trust Association or a financial training institution recognized by it.The associated persons of the preceding paragraph shall take part in the finance-related professional pre-job training and on-the-job training organized by the Trust Association or a financial training institution recognized by it, or organized by the trust enterprise at which they work. A newly employed associated person, or one who has been re-employed as such after a departure of 2 years or more, shall participate in a cumulative total of at least 12 hours of pre-job training within one-half year of commencing work; those already on the job shall participate in on-the-job training during the term of their employment for a cumulative total of at least 18 hours in every 3 years.At least one-third of the training hours that an associated person attends pursuant to the preceding paragraph shall be finance-related professional training held by the Trust Association or a financial training institution recognized by it.A person who has not completed the training described in paragraph 2 may not act in the capacity of associated person, and his or her registration as an associated person will be voided by the Trust Association.