Article 42
When a securities enterprise acting as a master agent for an offshore fund institution
sells the funds or mandates its sub-distributors to handle the offering and sale of the
offshore funds, the related receipt/payment shall be handled according to the following
rules:
1.When the investor pays and receives funds directly to and from an offshore account
designated by the offshore fund institution, the related receipt/payment for purchase
and redemption between the investor and the offshore fund institution shall be made in
foreign currency.
2.When the investor purchases the offshore fund through the account opened by the master
agent at a domestic bank in the name of the offshore fund institution, or a bank
account designated by the centralized securities depository enterprise, or a
non-discretionary money trust managed by a trust enterprise, or a foreign securities
brokerage agreement by a securities enterprise, the following applies:
(1)When the purchase is paid in NTD, relevant receipt/payment shall be made in NTD.
(2)When the purchase is paid in foreign currency, relevant receipt/payment shall be made
in foreign currency.
(3)Upon receiving purchase payments and redemption proceeds that involve exchange
settlement against NTD, the securities enterprise shall carry out exchange settlement
promptly and remit the payments out to the offshore fund institution or remit the
proceeds into the account designated by the investor.
3.When an investor purchases an offshore fund with foreign currency, and then switches
into another offshore fund with a different currency, the investor may be paid with
the denominated currency of the fund at the time of redemption.