Regulations Governing the Scope of Business, Restrictions on Transfer of Beneficiary Rights, Risk Disclosure, Marketing, and Conclusion of Contract by Trust Enterprises Article 23

A trust enterprise that conducts non-discretionary money trust or non-discretionary securities trust business and invests trust assets in foreign or domestic securities, short-term bills, or onshore structured products shall comply with the following:1. The trust enterprise may not first use its own funding to purchase the given foreign or domestic securities, short-term bills, or onshore structured products and then sell them to a trustor through the non-discretionary money trust or non-discretionary securities trust.2. The trust enterprise may not make any stipulations about early redemption or sale dates of investment subjects that differ from those given in the terms and conditions of issuance. The trust enterprise, however, shall fully disclose in the trust agreement and provide notification to the trustor of any adverse consequences of early redemption or sale, and may provide the trustor with recommendations on which the trustor may decide regarding means of reducing any such adverse consequences.