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Article 20
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The TFSR, in consultation with the trade association of the trustee or sub-distributor, will prescribe the review procedure and method, review criteria, review periods, review fees, handling of objections, information disclosure and other rules and submit it to the FSC for approval; the preceding provision applies to subsequent amendments of these rules.<br/>For the review of offshore structured products, a trustee or sub-distributor shall set up a product review team composed of at least the following personnel:<br/>1. One independent director or one director;<br/>2. Finance officer;<br/>3. Legal and compliance officer; and<br/>4. Risk management officer.<br/>Where the trustee or sub-distributor does not have directors, its responsible person in the Republic of China shall act as the member of the product review team specified in Subparagraph 1 of the preceding paragraph.<br/>To conduct the review specified in Paragraph 1 of the preceding article, the trade association of the trustee or sub-distributor may separately or jointly with other trade associations, set up a product review team composed of at least two experts/scholars in each field of finance, law and risk management.
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