Due to the wide variety of offshore funds, the FSC (Financial Supervisory Commission) implemented the “Regulations Governing Offshore Funds” on November 1, 2004 which stipulates that the master agent shall publicly conduct the announcement and notification persuade to the regulations and complete the reporting and announcement by inputting the information through the designated information transmission system. The FSC has issued a notice appointing TDCC and “FUNDCLEAR” as the designated reporting agency and information transmission system.

There’s no need to apply. The Announcement Platforms on FUNDCLEAR are accessible to all investors. Investors just need a personal computer that can connect to the Internet to inquire about relevant information on the platform.

Investors can access the “FUNDCLEAR” platform by clicking on the “FUNDCLEAR” link on TDCC’s homepage or entering the direct website URL: https://www.fundclear.com.tw/into their browser.

Investors can inquire information on master agents, mutual fund overviews, basic organization information, the sub-distributors, indicated NAV, prospectus, investor information summary, public announcements, interest/proceeds and ESG fund information, etc..

The FUNDCLEAR Announcement Platform is currently available in the organization's basic information enquiry area, providing investors with a list of sub-distributor categorized by institution type (such as banks and securities investment firms).

As a post-trade service provider of the mutual fund market, TDCC provides investors, sub-distributors, securities investment trust firms, futures trust firms, and master agents with onshore and offshore mutual fund transaction services while processing payment operations and information transmission in connection with subscription, redemption, switching, interest/proceeds, and liquidation etc..

1. TDCC processes the mutual fund order-routing and payment operation pursuant to Article 33 of the Regulations Governing Offshore Funds and the supervisory authority’s orders. If and when the investor agrees to subscribe to the mutual fund under the name of the sub-distributor, the settlement payment for subscription, redemption, switching, interest/proceeds, and liquidation will be handled through TDCC's dedicated cash account at its designated financial institution. The investor's rights and interests are guaranteed.
2. In accordance with the other relevant regulations, upon termination of its agency or its offering and sale business for an offshore fund, a sub-distributor shall assist customers with subsequent redemption, switching, or other relevant matters until another fund sub-distributor takes over the operation. If a sub-distributor goes out of business for any reason, the sub-distributor must transfer customer data to other sub-distributor before suspension of business operations. The investor can apply to the successive sub-distributor for redemption after the transfer, and the investor's rights and interests will not be affected.

No. The mutual fund Trading Platform is for sub-distributors only; investors must subscribe and redeem mutual funds through sub-distributors. The sub-distributors shall notify TDCC by inputting relevant transaction information into the Trading Platform and proceed to the transaction with master agents or securities investment trust firms through the omnibus account.

1. Before processing the application for subscription of an offshore fund, the investor must first sign an agreement with the sub-distributor, and retain relevant basic information and financial institution cash account for the subsequent payment for redemption, interest/proceeds, and liquidation.
2. Investors must also fill out the debit payment agreement and submit it to the sub-distributor for seal verification or otherwise initiate debit authorization online provided by the sub-distributor to effect debit payment.

1. Investors applying for the redemption must submit the application to the sub-distributors which they subscribed.
2. The valuation date and net asset value per unit are subject to the information notified by the fund’s master agents, securities investment trust firms or the futures trust firms.
3. For investors subscribing in NTD, TDCC will handle the redemption payment in NTD; for investors subscribing in foreign currency, t TDCC will process the payment for redemption to the investors in the original foreign currency.
4. After the calculation of the fund redemption price is settled, TDCC will notify the designated payment bank to deduct the remittance fee from the investor’s redemption amount (the NTD cross-bank transfer fee is between 30 to 210 NTD, and the foreign currency account wire fee is 220 NTD per sum) to the dedicated redemption account at the bank designated by the investor at the time of opening the account with the sub-distributor (the remittance fee is exempt in the case where the dedicated redemption account at the bank designated by the investor is the bank which conducted an agreement with TDCC). If there are insufficient funds for the payable remittance fee, the remittance will be delayed until there are sufficient funds to pay the remittance to the investor.
5. When the redemption payment is made to the foreign currency account in the designated bank, the investor should still pay attention to whether the bank has remitted related expenses.

After subscribing to the mutual funds through the sub-distributors on Trading Platform, in addition to get the transaction information through the sub-distributors, because the sub-distributors uses TDCC’s mutual fund platform to process the trade information transmission and payment operation, so investors can find their onshore and offshore fund balance via following channels:

1. File the application to sub-distributors to access TDCC’s "Account and Fund Information Inquiry System" (https://taq.tdcc.com.tw/QRY/mainc.jsp) webpage. After obtaining an account and initial password, investors can go to the website to find relevant transaction information.
2. Use TDCC’s e-Passbook app to check the transaction information. If investors haven’t opened up the e-Passbook, they could apply with securities companies to get the permission to the app.

1 Article 32, Item 2 of the Securities Investment Trust and Consulting Act stipulates that beneficial interest certificates may be issued in scripless form and transferred by the book-entry method. In accordance with Article 34, Item 4 of the same law, book-entry transfer or registration should be handled in accordance with the Regulations Governing Book-Entry Operations for Centrally Deposited Securities. 2 Article 59, Item 2 of the Regulations Governing Futures Trust Funds stipulates that beneficial certificates shall be issued in dematerialized form and shall be delivered by registry and book-entry transfer.

After issuing onshore funds in dematerialized form, the application process for subscription and redemption does not change, and the beneficiary can still apply for subscription and redemption through onshore mutual fund issuing firms or sub-distributors. The onshore mutual fund issuing firm can then register with TDCC through a computer connection.

In the case of a securities investment trust enterprise that wants to issue dematerialized beneficiary certificates, it shall open a TDCC depository account and sign a contract with TDCC in accordance with the provisions of Article 80-1 of Operating Rules of the Taiwan Depository & Clearing Corporation to enable TDCC to perform book-entry transfer and payment /receipt of funds for the issuance of dematerialized beneficiary certificate.

The investor (pledger) needs to open a central depository account with the securities firm and apply to the securities investment trust firm for book-entry transfer. The securities investment trust firm facilitates the 671 transaction, transferring the amount of beneficiary certificate units to the investor’s (pledger’s) centralized depository account. Then the securities firm can facilitate the 310 transaction and complete the process of pledge creation.