Where the securities investment trust contract stipulates that the beneficiary is entitled to request redemption of the beneficial interest certificate unless the Competent Authority has provided otherwise, the beneficiary may request in writing or by other stipulated means that the securities investment trust enterprise redeem the beneficial interest certificate, and the securities investment trust enterprise may not refuse to do so; payment of the redemption price may not be delayed.
The Competent Authority shall prescribe regulations governing the calculation of the redemption price, the time limit for payment of the redemption price, issuance of a new beneficial interest certificate upon partial redemption, the temporary suspension of calculation of redemption price, delayed payment of the redemption price, and other compliance requirements with respect to securities investment trust funds.