Important Measures
The FSC allows Securities Investment Trust Enterprises (SITEs) to set up a PE fund through a subsidiary, to manage a PE fund under mandate and to introduce investors to participate in the PE Fund
2017-09-06
In order to expand the business scope of SITEs and encourage domestic institutional investors to invest in domestic real industries in an effort to drive domestic economic development, the FSC issued an order to allow SITEs to apply for approval to engage in the following business activities related to PE funds on August 3, 2017.
1. SITEs can invest in domestic/foreign subsidiary which serve as GP (General Partner), set up a PE fund with co-investors (as LP, Limited Partner) and take charge of the fund’s operation.
2. SITEs can manage a PE fund under mandate and shall establish a specialized unit dedicated to the management activities. As a PE Fund may involve in operation and management of invested companies, the SITEs may assign its personnel of such unit to the managed PE Fund or the invested companies it manages to assume specific positions.
3.SITEs can introduce institutional investors specified in Article 4 of the Financial Consumer Protection Act to participate in the managed PE Fund and provide related services.
- Visitor： 444
- Update： 2017-09-06
