Regulations Governing Use of Insurer's funds in Special Projects, Public Investments and Social Welfare Enterprises Article 9
An insurer intending to use its funds on special projects, or public investments or social welfare enterprises shall apply for approval from the competent authority by submitting the following documents; the same shall apply if the insurer changes on its own the investment plan and purpose after obtaining approval, thereby affecting the overall financial assessment of the project or exceeding the scope or criteria originally approved by the competent authority:1. Investment plan and objectives (including objectives, method, market analysis, cost analysis, analysis of long-term and short-term return on investment, composition of shareholders or partners’ structure of the limited partnership enterprise and management team). This document can be replaced by a letter of opinion on the financial adequacy of the investment project issued by a certified public accountant and a letter of legal opinion on the legitimacy of the investment project issued by a qualified lawyer where the investment is made onto an enterprise with the items enumerated under Articles 3 and 4.2. Details of the funds used for the special project, or the public investment or social welfare enterprise, and analysis of return (including analysis of return on investment in each phase with explanatory notes)3. Financial statements of the invested entity. This document is not required provided the invested entity has been established for less than one year, or the invested entity and its subordinate companies having a controlling-subordinate relationship with the entity based on the entity’s shareholding in the company do not have substantial operating activities.4. Summary of the limited partnership agreement draft if the invested entity is the limited partnership enterprise provided in Paragraph 2 of Article 5.5. Documents regarding decisions resolved or powers authorized by the board of directors.6. Post-investment management methods and evaluation and plans for the response measures. If the invested entity is an enterprise listed in Article 3 or Article 4 and requires environmental impact assessment report in accordance with the Environmental Impact Assessment Act, insurer shall explain Post-investment management methods of environmental impact assessment items.7. If the invested entity is listed in Subparagraph 2, Article 2, provide the fundraising plans and investment decision-making mechanisms, post-loan management, information disclosure, and mechanisms for preventing conflicts of interest.8. If the invested entity is an enterprise listed in Article 3 or Article 4, provide an explanation of the list of directors and supervisors it has appointed, management mechanisms for ensuring proper exercise of rights, material decisions, and post-investment management mechanisms. If the total number of directors appointed by the insurer exceeds half of all directors, it must provide explanation documents for the criteria for the independence of directors specified in Paragraph 4, Article 6.9. An opinion statement issued and signed by the head office chief compliance officer undertaking that the use of funds and/or investment complies with applicable regulations and internal rules.10. Documents evidencing insurer’s use of funds complies with applicable regulations and supervision / management methods, provided the invested entity invests in a project under Articles 2 ~ Article 4 herein through a subordinate company having a controlling-subordinate relationship with the entity based on the entity’s shareholding in it.11. Letters of approval issued by the relevant authorities.12. Other information specified by the competent authority.Where, after the date of receipt of the application package for use of funds for a special project or for investment in public or social welfare utilities submitted by the insurer, the competent authority makes no objection thereto or does not require for supplementary or explanatory documents within 15 working days, the application shall be deemed as approved.Where the aforementioned supplementary or explanatory documents are required by the competent authority, if the competent authority makes no objection within 15 working days after the date of receipt of the supplementary or explanatory documents, the application shall be deemed as approved.If an insurer’s investment in a special project or a public investment or social welfare enterprise has any significant changes below after the investment has obtained approval from the competent authority, the insurer shall, within 7 working days after the occurrence of event, report the reasons and relevant information to the competent authority:1. The invested entity has unexpected significant changes in its major business items or operational policies that the investment no longer aligns with the insurer’s original investment plan and purpose.2. Insurer’s investment amount increases NT$100 million or more than the originally approved amount and reaches 20% or more than the originally approved amount. Notwithstanding the foregoing, the provision does not apply if the insurer undergoes capital increase in accordance with Subparagraph 1, Paragraph 3 of Article 7 or Subparagraph 1, Paragraph 1 of Article 10 herein.3. The investment project’s time line falls behind the originally planned schedule or there are other situations that produce significant negative effect on financial assessment performed by the insurer.With regard to the report under the preceding paragraph, if the competent authority makes no objection, thereto or does not require supplementary information or explanations within 15 working days after the delivery of report to the competent authority, the report shall be deemed as being submitted for reference.When an insurer invests in an enterprise under Article 3 or Article 4 herein with approval of the competent authority, and there is a change to the enterprise’s director or supervisor appointed by the insurer or an independent director appointed by the invested enterprise, the insurer shall, within 7 working days after the occurrence of event, submit a report describing the changes and the compliance of such changes to the competent authority for reference.
中文原文 保險業資金辦理專案運用公共及社會福利事業投資管理辦法第9條
保險業辦理專案運用、公共及社會福利事業投資，須檢附下列書件，報經主管機關核准；其經核准後自行變更投資計畫及目的，致影響全案財務評估或逾原主管機關核准範圍、條件者，亦同：
一、投資計畫及目的（包括目的、方式、市場分析、成本分析、長短期投資效益分析、股東或有限合夥事業之合夥人結構及經營團隊）。
但被投資對象為第三條及第四條所列項目之事業，並檢附合格會計師出具投資案件財務評估允當之評估意見書及合格律師就其適法性出具法律意見書者，免附。
二、辦理資金專案運用、公共及社會福利事業投資之明細及其績效分析（包括各期投資績效分析及說明）。
三、被投資對象之財務報告。
但被投資對象設立未滿一年或被投資對象與該對象持股達到控制與從屬關係之從屬公司無實質營運活動者，免附。
四、被投資對象為依第五條第二項規定之有限合夥事業者，其有限合夥契約草案摘要。
五、董事會會議決議或其授權文件。
六、投資後管理方式及因應措施評估及規劃。
如被投資對象為第三條及第四條所列事業，且依環境影響評估法應實施環境影響評估者，保險業應另說明對該影響評估事項之投資後管理方式。
七、被投資對象為第二條第二款者，其籌資規劃及投資決策機制、投資後管理、資訊揭露及利益衝突防範機制。
八、被投資對象為第三條及第四條所列事業者，其派任董事、監察人名單，以及妥善行使職權之管理機制、重大事項決定、投資後管理機制之說明，且全體保險業所派任董事席次達半數者，應另檢附具獨立性董事符合第六條第四項所定條件之說明文件。
九、總機構法令遵循主管出具符合法令規章及內部規範，並經簽署負責之意見書。
十、被投資對象係透過其持股達到控制與從屬關係之從屬公司投資於第二條至第四條項目者，保險業資金運用範圍符合法令之證明文件及監督管理方式。
十一、有關機關之審核文件。
十二、其他主管機關指定之資料。
保險業辦理專案運用、公共及社會福利事業投資之申請，主管機關自申請書件送達之次日起十五個工作日內，未表示反對、要求補件或說明者，視為已核准。
前項申請經主管機關要求補件或說明者，主管機關自補件資料或說明書件送達之次日起十五個工作日內未表示反對者，視為已核准。
保險業經主管機關核准辦理專案運用、公共及社會福利事業投資後，被投資對象有下列重大變更情事之一，應於事實發生後七個工作日內檢具事由及相關資料向主管機關申報：
一、被投資對象之營業項目、營運政策等事項發生非預期之重大變動，已不符合保險業原投資計畫及目的者。
二、保險業投資金額較原核准投資金額增加逾新臺幣一億元以上且達原核准投資金額百分之二十。
但保險業依第七條第三項第一款及第十條第一項第一款規定辦理增資者，不在此限。
三、投資案件之時程較原規劃時程落後或有其他事由，對保險業之財務評估產生重大不利影響者。
前項申報事項，主管機關自書件送達之次日起十五個工作日內，未表示反對、要求補件或說明者，視為完成備查。
保險業經主管機關核准投資第三條及第四條所列事業，其派任之董事、監察人或被投資公司設置具獨立性之董事異動時，保險業應於事實發生後七個工作日內檢具異動情形及適法性說明書件報主管機關備查。
一、投資計畫及目的（包括目的、方式、市場分析、成本分析、長短期投資效益分析、股東或有限合夥事業之合夥人結構及經營團隊）。
但被投資對象為第三條及第四條所列項目之事業，並檢附合格會計師出具投資案件財務評估允當之評估意見書及合格律師就其適法性出具法律意見書者，免附。
二、辦理資金專案運用、公共及社會福利事業投資之明細及其績效分析（包括各期投資績效分析及說明）。
三、被投資對象之財務報告。
但被投資對象設立未滿一年或被投資對象與該對象持股達到控制與從屬關係之從屬公司無實質營運活動者，免附。
四、被投資對象為依第五條第二項規定之有限合夥事業者，其有限合夥契約草案摘要。
五、董事會會議決議或其授權文件。
六、投資後管理方式及因應措施評估及規劃。
如被投資對象為第三條及第四條所列事業，且依環境影響評估法應實施環境影響評估者，保險業應另說明對該影響評估事項之投資後管理方式。
七、被投資對象為第二條第二款者，其籌資規劃及投資決策機制、投資後管理、資訊揭露及利益衝突防範機制。
八、被投資對象為第三條及第四條所列事業者，其派任董事、監察人名單，以及妥善行使職權之管理機制、重大事項決定、投資後管理機制之說明，且全體保險業所派任董事席次達半數者，應另檢附具獨立性董事符合第六條第四項所定條件之說明文件。
九、總機構法令遵循主管出具符合法令規章及內部規範，並經簽署負責之意見書。
十、被投資對象係透過其持股達到控制與從屬關係之從屬公司投資於第二條至第四條項目者，保險業資金運用範圍符合法令之證明文件及監督管理方式。
十一、有關機關之審核文件。
十二、其他主管機關指定之資料。
保險業辦理專案運用、公共及社會福利事業投資之申請，主管機關自申請書件送達之次日起十五個工作日內，未表示反對、要求補件或說明者，視為已核准。
前項申請經主管機關要求補件或說明者，主管機關自補件資料或說明書件送達之次日起十五個工作日內未表示反對者，視為已核准。
保險業經主管機關核准辦理專案運用、公共及社會福利事業投資後，被投資對象有下列重大變更情事之一，應於事實發生後七個工作日內檢具事由及相關資料向主管機關申報：
一、被投資對象之營業項目、營運政策等事項發生非預期之重大變動，已不符合保險業原投資計畫及目的者。
二、保險業投資金額較原核准投資金額增加逾新臺幣一億元以上且達原核准投資金額百分之二十。
但保險業依第七條第三項第一款及第十條第一項第一款規定辦理增資者，不在此限。
三、投資案件之時程較原規劃時程落後或有其他事由，對保險業之財務評估產生重大不利影響者。
前項申報事項，主管機關自書件送達之次日起十五個工作日內，未表示反對、要求補件或說明者，視為完成備查。
保險業經主管機關核准投資第三條及第四條所列事業，其派任之董事、監察人或被投資公司設置具獨立性之董事異動時，保險業應於事實發生後七個工作日內檢具異動情形及適法性說明書件報主管機關備查。