Regulations Governing Announcement Methods of Trust Enterprises about Asset Trust from Political Parties or Political Organizations

These Regulations are enacted pursuant to Paragraph 3, Article 22 of the Trust Enterprise Act.

The term “asset trust from political parties or political organizations” as used in these Regulations shall mean a political party or other political organization declaring its property to the trust of a trust enterprise.

When accepting asset trust from a political party or political organization, a trust enterprise shall, within ten (10) days after the conclusion of a trust agreement, publicly announce the following information in a local newspaper or in a manner designated by the Competent Authority, and report same to the competent authority administering over political parties or other political organizations for recordation, and send a copy of the same to the Competent Authority:1. Name and address of trustor;2. Purpose of trust;3. Types and quantities of trust property;4. Recipients, time and methods for the calculation and distribution of trust income;5. Disposition of trust property when the trust relationship ends;6. Date of agreement signing and term of trust; and7. Other information as prescribed by the Competent Authority.

While a trust enterprise manages an asset trust from a political party or political organization, the trust enterprise shall, within four (4) months after the end of each fiscal year, publicly announce the following information in a local newspaper or in a manner designated by the Competent Authority, and report same to the competent authority administering over political parties or other political organizations for recordation, and send a copy of the same to the Competent Authority:1. Name and address of trustor;2. Types and quantities of trust property of the trustor as of end of the previous fiscal year;3. Total income earned on the trust property of the trustor as of end of previous fiscal years and recipients and amount of distribution; and4. Other information as prescribed by the Competent Authority

After a trust enterprise has accepted asset trust from a political party or political organization, if the trust agreement entered therebetween is revoked, terminated or has changes to any of the items provided under subparagraphs of Article 3 herein, the trust enterprise shall, within ten (10) days after the change, revocation or termination of the agreement, publicly announce the reason(s) and date for the change, revocation or termination in a local newspaper or in a manner designated by the Competent Authority, and report same to the competent authority administering over political parties or other political organizations for recordation, and send a copy of the same to the Competent Authority

These Regulations shall take effect on the date of promulgation.