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Ceilings on the Percentage and Amount of the Publicly Offered and Issued Value of a REIT Fund That May Be Invested in Securities Defined in Article 6 of the Securities and Exchange Act
Promulgated on 19 September 2003 per Order Ref. Tai-Tsai-Rong-(IV)-0924000779
1. The percentage and amount invested by a real estate investment trust (REIT) fund in securities as defined in Article 6 of the Securities and Exchange Act may not exceed 40 percent of the publicly offered and issued value of the fund or NT$600 million; however, these restrictions do not apply to investments set out in Article 17, paragraph 1, subparagraph 3, of the Real Estate Securitization Act.
2. Adopted pursuant to Article 17, paragraph 3, of the Real Estate Securitization Act. |