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Title: Regulations Governing Offshore Funds CH
Category: Financial Supervisory Commission(金融監督管理委員會)
Chapter V Supplementary Provisions
Article 55
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.
Article 56
For any dispute arising out of the offering and sale of offshore funds, the investor may file a compliant with the FSC or the institution appointed by the FSC, or may request conciliation through a protection institution in accordance with the Securities Investor and Futures Trader Protection Act.
Article 57
Agreements entered into in connection with the offering and sale of offshore funds may not make any stipulation excluding jurisdiction by Taiwan over judicial matters.
Article 58
The FSC shall publicly announce the formats for documents related to these Regulations.
Article 59
These Regulations shall enter into force from the date of issuance, with the exception of Articles 13 and 24, amended and issued on 13 October 2015, of which Article 13 shall enter into force from 15 April 2016 and Article 24 shall enter into force from 15 October 2016.