No Support JavaScript

Laws & Regulations Database of The Republic of China (Taiwan)

Print Time:2024/07/28 00:26
:::

Chapter Law Content

Title: Financial Asset Securitization Act CH
Category: Financial Supervisory Commission(金融監督管理委員會)
Chapter II: Special Purpose Trust
Section V: Rights and Obligations of the Trustee
Article 34
The Trustee shall keep at its principal office a duplicate or copy of the SPT contract and a roster of beneficiaries.
A beneficiary, the Trust Supervisor or a creditor of the obligation arising from the Trustee's acts for the SPT may request to review, copy or photocopy the documents described in the preceding paragraph.
Article 35
The Trustee may appoint a Servicer to manage and dispose of the trust property only when stated expressly in the asset trust securitization plan.
The Servicer shall periodically collect the principal of the trust property or its profits, interests, and other proceeds accrued therefrom and forward such collected amount to the Trustee for delivery to the beneficiaries. The Servicer shall also provide the Trustee with reports on payment by obligors, collectable payments, bad debts and other material information related to the trust property.
When the Servicer fails to perform its service obligations, a substitute Servicer shall continue to provide the service of asset management and disposal in accordance with the asset trust securitization plan or the approval of the competent authority.
Web site:Laws & Regulations Database of The Republic of China (Taiwan)