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

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.