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A securities investment trust enterprise (SITE), futures trust enterprise ("futures trust enterprise"), or offshore fund manager or an institution designated thereby ("offshore fund institution"), that offers offshore exchange-traded funds ("ETFs"), under the Regulations Governing Securities Investment Trust Funds, Regulations Governing Offshore Funds, or Regulations Governing Futures Trust Funds, shall select liquidity providers ("liquidity providers") respectively for exchange-traded fund beneficial certificates (hereinafter all referred to as "ETF beneficial certificates"). An offshore fund institution may engage a general agent to report by letter to the TWSE.
An SITE shall appoint one of the liquidity providers of the beneficial certificates of an ETF securities investment trust fund as the liquidity provider of additional ETF beneficial certificates.
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