Based on the fact that the funds in the securities investment trust businesses and discretionary investment businesses operated by securities investment trust enterprises (SITEs) and securities investment consulting enterprises (SICEs) come from the investing public and customers, the FSC on 22 March 2022 issued a directive to the effect that investments made by SITEs and SICEs in securities investment trust funds and discretionary investment assets may not be used to intervene in battles for control of enterprises in which a SITE or SICE has invested or the investee companies’ direct or indirect investment business, nor may they help other parties to obtain or consolidate control over such enterprises. This prohibition is intended to ensure that SITEs and SICEs operate in keeping with the way their enterprise funds are utilized, to safeguard investors, and to uphold the public interest.