Laws and Regulations Database of the Central Bank of the Republic of China(Taiwan)

 Article 9

(Non-discretionary NTD trust funds for investment in foreign securities)
9. Financial institutions authorized to engage in New Taiwan dollar
　 non-discretionary trust funds for investment in foreign securities shall 
　 abide by the following provisions:
(1) Trust funds shall be received and redeemed in New Taiwan dollars instead of 
　　foreign currencies.
(2) Trustors are limited to the followings:
 i. A domestic natural person or a foreign natural person who holds a Certificate 
　　of Residence in Taiwan or an Alien Resident Certificate.
 ii.A domestic legal entity or a foreign legal entity recognized by the ROC 
　　government.
iii. People of Mainland China who are permitted to visit Taiwan and have opened New 
　　Taiwan dollar deposit accounts at domestic banks in accordance with regulations 
　　stipulated by the Financial Supervisory Commission (hereinafter referred to as 
　　the "FSC").
iv. Other entities approved by the FSC or the Bank.
(3) Reporting the relevant business information: Financial institutions engaged in 
　　the business shall file reports in accordance with the online procedure of 
　　" New Taiwan Dollar Non-discretionary Trust Funds for Investment in Foreign 
　　Securities Business."

 Article 10

(Foreign-currency non-discretionary trust funds for investment in foreign securities)
10. Financial institutions authorized to engage in foreign currency non-discretionary 
　　trust funds for investment in foreign securities shall abide by the following 
　　provisions:
 (1) Foreign currency trust certificates issued shall not be used as a collateral
　　 for loaning New Taiwan dollar.
 (2) Counterparties shall first open foreign currency deposit accounts at the 
　　 authorized bank.
 (3) Trust funds shall be received and redeemed in the same foreign currency.
 (4) Trustors of trust funds are limited to the followings:
　i. Persons indicated in Items 1, 2, and 4, Subparagraph 2, Direction 9.
 ii. People of Mainland China who are permitted to visit Taiwan and have opened 
　　 foreign currency deposit accounts at authorized banks in accordance with 
　　 regulations stipulated by the FSC.
 (5) Reporting the relevant business information: Financial institutions engaged in 
　　 the business shall file reports in accordance with the online procedure of 
　　 " Foreign-currency Non-discretionary Trust Funds for Investment in Foreign 
　　 Securities Business."