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Q&A for Multi-Currency Funds Including NTD and Foreign Currencies I. Multi-Currency Funds incl. NTD and Foreign Currencies Are the IPO procedures for Multi-currency funds including NTD and foreign currencies (hereafter multi-currency fund(s) incl. NTD) the same as the procedures for single-currency funds? What are the procedures for NTD funds expanding into multi-currency funds incl. NTD? Ans: According to the Regulations Governing the Public Offering of Securities Investment Trust Funds by the Securities Investment Trust Enterprises, enterprises intending to issue new IPOs of multi-currency funds incl. NTD must lodge an application for approval or file the required information with the competent authority for official registration. Applications for IPOs will be forwarded by us (FSC) to the Central Bank for approval, and the security investment trust enterprises (enterprises) intending to register will be required to obtain approval from the Central Bank after the registration takes effect before the IPOs can be launched into the market. Based on the FSC Securities and Futures Bureau Letter No. 1010047366 issued on October 11th 2012, existing NTD funds expanding into multi-currency funds must be conducted through contract amendment without beneficiary meetings. However, an attorney’s letter of opinion attesting to the claim of no significant changes to the rights of the investors must be filed with the FSC. The FSC then forwards the matter to the Central Bank for approval before granting an approval to the enterprise for the amendment to the funds. After obtaining a joint foreign currency quota for a multi-currency fund from the Central Bank, an enterprise intending to upgrade or downgrade the foreign currency class, but not involving an increase in the aforementioned joint foreign currency quota, may directly request an amendment to the contract from the FSC and forward an attorney’s letter of opinion. Review by the Central Bank is not required. What is the