Regulations Governing Management and Utilization of Collective Investment Trust Funds Article 5

For a collective trust account established by a trust enterprise that accepts funds from non-professional investors, when there is change to any item in Subparagraphs 1 ~ 3, Paragraph 2 of Article 3 herein, the trust enterprise shall submit thechanges to the Trust Association for review, which, along with the review opinions, will be forwardedby the Trust Association to the competent authority for approval; when there is change of trust supervisor as provided in Subparagraph 5 of Paragraph 2 under the same article, the trust enterprise must report it to the competent authority for recordation.After the circumstance described in the preceding paragraph has been approved by or recorded with the competent authority, the trust enterprise shall immediately make public announcement in a manner prescribed in Article 39 of the Act for a certain time period for the trustors and beneficiaries to decide whether to continue to participate in or withdraw from the collective trust account; where the beneficiary is not specified or does not exist, the trustor will make the decision therefor.For a collective trust account established by a trust enterprise that accepts funds from professional investors only, when there is change to any item in Subparagraphs 1, Subparagraph 3 (terms and conditions), or Subparagraph 5, Paragraph 2 of Article 3 herein, the trust enterprise shall, within 5 business days after the change, report to the competent authority for recordation. The trust enterprise shall also notify the trustors and the beneficiaries, asking them to decide during a certain period of time whether to continue to participate in or withdraw from the collective trust account; where the beneficiary is not specified or does not exist, the trustor will make the decision therefor.