Regulations Governing Announcement Methods of Trust Enterprises about Asset Trust from Political Parties or Political Organizations
2009-12-18
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Article 1
These Regulations are enacted pursuant to Paragraph 3, Article 22 of the Trust Enterprise Act.
Article 2
The term “asset trust from political parties or political organizations” as used in these Regulations shall mean a political party or other political organization declaring its property to the trust of a trust enterprise.
Article 3
When accepting asset trust from a political party or political organization, a trust enterprise shall, within ten (10) days after the conclusion of a trust agreement, publicly announce the following information in a local newspaper or in a manner designated by the Competent Authority, and report same to the competent authority administering over political parties or other political organizations for recordation, and send a copy of the same to the Competent Authority:
1. Name and address of trustor;
2. Purpose of trust;
3. Types and quantities of trust property;
4. Recipients, time and methods for the calculation and distribution of trust income;
5. Disposition of trust property when the trust relationship ends;
6. Date of agreement signing and term of trust; and
7. Other information as prescribed by the Competent Authority.
1. Name and address of trustor;
2. Purpose of trust;
3. Types and quantities of trust property;
4. Recipients, time and methods for the calculation and distribution of trust income;
5. Disposition of trust property when the trust relationship ends;
6. Date of agreement signing and term of trust; and
7. Other information as prescribed by the Competent Authority.
Article 4
While a trust enterprise manages an asset trust from a political party or political organization, the trust enterprise shall, within four (4) months after the end of each fiscal year, publicly announce the following information in a local newspaper or in a manner designated by the Competent Authority, and report same to the competent authority administering over political parties or other political organizations for recordation, and send a copy of the same to the Competent Authority:
1. Name and address of trustor;
2. Types and quantities of trust property of the trustor as of end of the previous fiscal year;
3. Total income earned on the trust property of the trustor as of end of previous fiscal years and recipients and amount of distribution; and
4. Other information as prescribed by the Competent Authority
1. Name and address of trustor;
2. Types and quantities of trust property of the trustor as of end of the previous fiscal year;
3. Total income earned on the trust property of the trustor as of end of previous fiscal years and recipients and amount of distribution; and
4. Other information as prescribed by the Competent Authority
Article 5
After a trust enterprise has accepted asset trust from a political party or political organization, if the trust agreement entered therebetween is revoked, terminated or has changes to any of the items provided under subparagraphs of Article 3 herein, the trust enterprise shall, within ten (10) days after the change, revocation or termination of the agreement, publicly announce the reason(s) and date for the change, revocation or termination in a local newspaper or in a manner designated by the Competent Authority, and report same to the competent authority administering over political parties or other political organizations for recordation, and send a copy of the same to the Competent Authority
Article 6
These Regulations shall take effect on the date of promulgation.