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Title: Rules Governing Securities Investment Trust Enterprises CH
Category: Financial Supervisory Commission(行政院金融監督管理委員會)
Chapter V Supplementary Provisions
Article 55
Persons holding the positions of general manager, assistant general manager, department head, branch manager, or business personnel at a SITE prior to amendment and enforcement of these Rules on 17 October 2001 who do not meet the qualifications set forth under Article 18, Paragraph 1, Article 19, Paragraph 1, Article 25, or Article 26 shall remedy such situation within two years after the amended Rules become effective; where remedy has not been effected by the end of that period, such persons may not hold the position of a SITE general manager, assistant general manager, department head, or branch manager, or undertake the matters set forth under Article 21, Paragraph 1, Subparagraphs 1-6.
Article 56
Where a SITE approved for establishment prior to amendment and enforcement of these Rules on 17 October 2001 does not conform with the provisions of Article 6 or Chapter 4, such situation shall be remedied within one year from the date on which the amended Rules become effective; where a SITE approved for establishment does not conform with the provisions of Article 7, remedy shall be effected within two years from the date on which the amended Rules become effective. Where remedy is not effected within the prescribed time periods, the SFC may revoke approval for SITE establishment.
Article 57
These Rules shall become effective on the date of promulgation.