Data Source:Laws and Regulations Retrieving System of the Banking Bureau


Titleļ¼š Regulations Governing the Scope and Ratio of Current Assets of Collectively Managed Money Trusts (2001.09.25 Announced)
Article    1 These Regulations are adopted pursuant to Article 36 of the Trust Enterprise Act (the "Act").
Article    2 In carrying out collective management and employment of trust funds as contemplated in Article 28 of the Act, a trust enterprise shall maintain appropriate liquidity. The scope of its holdings regarded as current assets is as follows:
1.Cash and cash in banks.
2.Government bonds.
3.Short-term bills.
4.Other assets for which the Ministry of Finance, in consultation with the Central Bank, has granted consent.
Article    3 In carrying out collective management and employment of trust funds as contemplated in Article 28 of the Act, the current assets held by a trust enterprise in accordance with the provisions of Article 2 shall account for no less than 5 percent of the net asset value of any given collectively managed trust account.
Where a trust enterprise fails to reach the ratio set forth in the preceding paragraph, it shall make adjustments forthwith.
Article    4 The Ministry of Finance may as necessary and after consultation with the Central Bank adjust the ratio adopted in paragraph 1 of the preceding article.
Article    5 These Regulations shall enter into force from the date of promulgation.