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Article 55
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For any offshore fund that was the subject of investment consulting by a SICE prior to the issuance of these Regulations, the offshore fund institution shall comply with the provisions of Article 28 hereof within 1 year. If the report has not been completed within that time, with the exception investors in Taiwan who are investing under purchase plans with payment by periodic account deduction operations, which may continue, new purchases of the offshore fund shall not be permitted. The FSC also may void or revoke the approval for investment consulting in connection with the fund.
Under the circumstances in the preceding paragraph, the SICE may continue to provide necessary information to offshore fund investors who have not redeemed their holdings or who continue to make periodic payments.
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