| 2003.09.02 |
Minimum Percentage Requirement for the Utilization of Real Estate Investment Trust Funds in Cash and Other Instruments Adopted and Promulgated (2 September 2003)
[Chinese]
|
Minimum Percentage Requirement for the Utilization of Real Estate Investment Trust Funds in Cash and Other Instruments Adopted and Promulgated (2 September 2003)
Order Ref. Tai-Tsai-Rong-(IV)-0924000790 of the Ministry of Finance
1. It is hereby provided that the amount of a real estate investment trust (REIT) fund invested in or applied to cash, government bonds, and the instruments of investment specified in Article 17, paragraph 1, subparagraphs 1 to 3 of the Real Estate Securitization Act shall be, in combined total, not less than 75 percent of the fund's net asset value; bank deposits are included within the scope of “applied to cash” hereinabove.
2. This provision is adopted pursuant to Article 17, paragraph 2, of the Real Estate Securitization Act.