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Enforcement Letter

Organisation: Financial Supervisory Commission
Issue No.: Financial-Supervisory-Securities-SITC-1110380579 
Issue Date: 2022/03/22
Content:     Order of the Financial Supervisory Commission

    Issue date: 22 March 2022
    Issue number: Financial-Supervisory-Securities-SITC-1110380579

  1. This Order is issued pursuant to Article 10, paragraph 1, subparagraph 20 and Article 54, paragraph 1, subparagraphs 9 and 10 of the Regulations Governing Securities Investment Trust Funds and Article 14, paragraph 1, subparagraph 9 of the Regulations Governing the Conduct of Discretionary Investment Business by Securities Investment Trust Enterprises and Securities Investment Consulting Enterprises.
  2. When securities investment trust enterprises and securities investment consulting enterprises operate securities investment trust business or discretionary investment business, their use of securities investment trust funds or discretionary investment assets to engage in investments may not entail any involvement in any dispute over management rights of an investee itself or of any enterprise that is directly or indirectly invested by the investee, or assist anyone in obtaining or consolidating management rights.
  3. This Order is effective from this day forward.