〈Application to engage in collective investment trust account business〉
Article 43
Before establishing a foreign currency denominated collective investment trust
account for the first time, a securities enterprise concurrently conducting
trust business that engages in foreign currency denominated collective
investment trust account business shall apply to the Bank for approval by
submitting documents provided in Article 7 herein, and in addition, the
following documents:
1.A FSC approval letter, but exempted for the collective investment trust
accounts that accept funds from professional investors only, provided it is
stated so in the application letter and reported to the FSC for record in
accordance with the “Regulations Governing Management and Utilization of
Collective Investment Trust Funds”;
2.A management and utilization plan for the foreign currency denominated
collective investment trust account;
3.The risk level of the collective investment trust account and the risk
tolerance level of investors who could bear the risk of the account, but
exempted for the collective investment trust accounts that accept funds from
professional investors only, provided it is stated so in the application
letter; and
4.Terms and conditions of the collective investment trust account agreement.
A securities enterprise establishing a NTD denominated collective investment
trust account that involves foreign exchange settlement against NTD shall apply
to the Bank for permission to carry out foreign exchange settlement by
submitting documents provided in Subparagraphs 1 and 4 of the preceding
paragraph, a declaration statement and an account asset schedule.