An SPC shall be established by financial institutions and shall be a company limited by shares with only one shareholder.
The financial institutions referred to in the preceding paragraph and the Trustee shall not be the same affiliated enterprise.
The financial institutions may form an SPC overseas to engage in the asset securitization business with the approval of the competent authority. The guidelines for granting such approval shall be further prescribed by the competent authority.
An SPC shall expressly show that it is an SPC in its name.
A company that is not an SPC shall not show that it is an SPC in its name or use a name that is easy to make people mistake it for an SPC.

Article 27 of the Company Act shall not apply to the SPC.