Section II Money Market Funds and Quasi-Money Market Funds Within the Category of Bond Funds |
| Article 36 | A securities firm using funds from the cash management account to invest in funds shall do so in compliance with the following:
- Its investment in beneficial certificate units of any single securities investment trust fund may not exceed 10% of the net asset value of that fund.
- Its investment in beneficial units of securities investment trust fund(s) offered and issued by any single securities investment trust enterprise may not in total exceed 20% of the total amount of invested funds.
- Its investment in quasi-money market funds within the category of bond funds may not in total exceed 10% of the total amount of invested funds.
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| Article 37 | A securities firm using funds from the cash management account to invest in funds issued in certificated form may not take or receive the physical beneficial certificates; if it uses such funds to invest in funds issued in dematerialized form, it shall deposit the fund units in the accounts opened by the relevant securities investment trust enterprises with the TDCC.
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| Article 38 | A securities firm using funds from the cash management account to invest in beneficial certificate units shall obtain written consent from customers for matters that are required by law or regulation to be approved by the beneficial owners or unitholders of the fund but that exceed the scope of customer authorization stated in the agreement for the business contemplated hereunder.
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| Article 39 | A securities firm shall in its internal control system specify matters relating to the method for preserving trade confirmation statements, reconciliation statements, notices issued by fund companies, and any other relevant vouchers, records, and documents in relation to its investment in beneficial certificate units, and shall regularly check the balance of beneficial units in funds whose trading involves the use of funds from the cash management account against the number of beneficial units on hand, and prepare and maintain written verification records accordingly
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