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Article 22
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The securities firm shall adopt procedures for reviewing funds prior to launching them on the trading platform and conduct pre-launch reviews.
The review procedures under the preceding paragraph shall include at least the following:
- The investment objectives and policies, operational strategies, risk and return, and past performance of the fund.
- The reasonableness of the fees associated with the fund.
- Types of customers suitable for the fund.
- The adequacy of disclosure of information in documents including the fund prospectus and the investor information summary.
The net asset value of a fund under paragraph 1 must be NT$300 million or greater.
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