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Introduction

The sevices of domestic mutual fund are as follows:

1.Domestic Fund Transaction Platform Service

Following the guidance of Financial Supervisory Commission (FSC), TDCC established the “Offshore Fund Observation Post System (OFOPS) - Information Transmission and Cash Payment Platform” in accordance with the provisions of the Offshore Fund Management Regulations drawn up in line with the requirements of the Securities Investment Trust and Consulting Act. The Platform is used to provide transaction information, receipts and payments services for master agents and distributors when undertaking offshore fund subscription and redemption.

(1) Applicable Organizations

The above services are provided to master agents and distributors engaged in offshore fund subscription and redemption which has been approved by regulatory authorities.

(2) Service Hours

From 9 a.m. to 5 p.m., Monday to Friday (national holidays excluded) The dates on which TDCC’s offices are closed basically the same as Taiwan’s banks. However, TDCC reserves the right to change these dates when necessary (or at the recommendation of the Securities Investment Trust & Consulting Association of R.O.C.) with the approval of the regulatory authorities.

2. Fund Order-Routing Service

To improve the current manual operation of master agents, sub-distributors, and insurer-entrusted custodians (collectively referred to as “user” hereunder) placing orders for funds by fax, TDCC has established a fund order-routing platform that provides automated transmission service to enable users to transmit order information on the subscription, redemption and transfer of funds (collectively referred to as “order information” hereunder) to domestic securities investment trust firms (SITEs) and offshore fund institutions and receive order status report and transaction confirmation from them. This platform provides automated transmission service not only for the order of domestic funds, but also for the order of offshore funds through collaboration with information transmission service providers. It provides domestic users a single window for the transmission of order information, thereby reducing their manual operation risks, while improving the operating efficiency of the fund market.

3. Open-End Beneficiary Certificate Dematerialized Issuance Service

Following the promulgation of the Securities Investment Trust and Consulting Act in 2004, which stated that issuers may choose to not produce beneficiary certificates in hard copy, and instead deliver the certificates to investors in book entry, TDCC has engaged in the promotion of dematerialized registration of open-end beneficiary certificates in Taiwan since March 2005 in a bid to help issuers convert paper certificates into electronic ones for registration, consequently resolving the problems of forgery, loss or damage of certificates once and for all, and thereby markedly reducing the operating and administrative costs. This has paved the way for dematerialized registration of open-end beneficiary certificates to become the mainstream practice. The enactment of Regulations Governing Futures Trust in July 2007 has made it compulsory to issue and deliver beneficiary certificates of futures trust funds electronically, marking a new era of dematerialized issuance of onshore funds. Investors are rid of the risks of certificate loss or damage and this is exactly what the policy of dematerialized issuance intends to achieve.

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Regulations Announcement
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