Regulations Governing Management and Utilization of Collective Investment Trust Funds Article 2

The term "management and utilization of collective investment trust funds" as used in these Regulations shall mean a trust enterprise being entrusted with a money trust, and in accordance with the provisions of a trust agreement and with the consent of the trustor, pooling, managing and utilizing the trust monies together with trust monies from other trustors having the same scope or method of operations with the establishment of a collective investment trust account.The term "collective investment trust account" ("collective trust account") as used in these Regulations shall mean an account set up by a trust enterprise for purposes of collective management and utilization of trust monies having the same scope or method of operations.The term "beneficiary rights to a collective trust account" as used in these Regulations shall mean the entitlement of a beneficiary to the proceeds of a collective trust account established by a trust enterprise after the trustor entrusts the trust enterprise with his/her funds for collective management and utilization, which are recorded by the trust enterprise by book-entry.The term "beneficiary"as used in these Regulations shall mean a beneficiary entitled to beneficiary rights in accordance with the ratio of beneficiary rights held in a collective trust account.The provisions of Paragraph 3 and Paragraph 4, Article 3 of the Regulations Governing Offshore Structured Products shall apply to the terms "professional investor" and "non-professional investor" as used in these Regulations.