On March 19, 2020, the order published by the FSC in accordance with Article 83, Paragraph 2, Subparagraph 3 of the “Regulations Governing Futures Trust Funds,” when any of the following circumstances applies to the net asset value of a futures trust fund, the futures trust contract may be terminated after being approved by the FSC:

1.For a futures trust fund offered to unspecified persons:

(1)It is a fund other than a futures ETF for which the average net asset value per unit over the previous 30 business days has fallen by a cumulative 70% or more from the initial net asset value per unit, or the average net asset value per unit over that period was below NT$20 million.

(2)It is a futures ETF for which the average net asset value per unit over the previous 30 business days has fallen by a cumulative 90% or more from the initial net asset value per unit, or the average net asset value per unit over that period was below NT$20 million.

(3)Where the net assets value fluctuates substantially due to domestic or foreign financial and economic conditions or events, the futures trust enterprises may file an application being approved by the FSC, and within a certain period of time the restrictions from the aforementioned provision are exempted notwithstanding.

2.It is a futures trust fund offered to persons meeting certain eligibility requirements and its net asset value is lower than the threshold for termination of the futures trust deed as adopted by the futures trust enterprise when it applied for approval to offer the fund.