The correlation Among the Deveopment Trend of Securities Investment Trust Enterprise, the Uniform Invesment Fund Contract and Investors Protection

• Main Authors: Lin, Huey-mei, 林惠美
• Other Authors: MR. Lin Cherng-ehl
• Format: Others
• Language: zh-TW
• Published: 1995
• Online Access: http://ndltd.ncl.edu.tw/handle/82824678538010491792

碩士 === 東吳大學 === 法律學研究所 === 83 === Individual investors play a main role in the securities market of Taiwan. To increase the ratio of institutional investor and to implement the Executive Yuan''s "Plan for Introducing Foreign and Overseas Chinese Capital into the Securities Market of Taiwan"，the ROC goverment uplifted the restriction of the establishment of securities investment trust enterprise in 1991. The major function of the enterprise is to raise fund from the public and engages in portfolio management for the investors who purchase beneficiary certificates from the enterprise which divides the raised fund into several shares in a form of certificates through which the interest of the whole fund is by all the investors. There are mainly two typical types of securities investment enterprise, namely, the corporate type and the contract type. The securities investment trust in Taiwan, the Republic of China was first established by adopting the contract type in Japan and Korea. In Japan, it is called the "truster company " and in Korea it is in a name of company" while in the USA it is the "invesment company." In Korea and the USA, the enterprise are all regulated by a law in Taiwan, the regulation is by executive orders under the authorization of the the Securities Exchange Law. In recent years , both Japan and the USA have several amendments and suggestions concerning the regulation of securities investment trust With a much shorter history of securities investment trust in , it is rather crucial to learn management experiences from other countries.