| Summary: | 碩士 === 東吳大學 === 法律學研究所 === 83 === Individual investors play a main role in the securities market
of Taiwan. To increase the ratio of institutional investor and
to implement the Executive Yuan''s "Plan for Introducing
Foreign and Overseas Chinese Capital into the Securities Market
of Taiwan"，the ROC goverment uplifted the restriction of the
establishment of securities investment trust enterprise in
1991. The major function of the enterprise is to raise fund
from the public and engages in portfolio management for the
investors who purchase beneficiary certificates from the
enterprise which divides the raised fund into several shares in
a form of certificates through which the interest of the whole
fund is by all the investors. There are mainly two typical
types of securities investment enterprise, namely, the
corporate type and the contract type. The securities investment
trust in Taiwan, the Republic of China was first established by
adopting the contract type in Japan and Korea. In Japan, it is
called the "truster company " and in Korea it is in a name of
company" while in the USA it is the "invesment company." In
Korea and the USA, the enterprise are all regulated by a law in
Taiwan, the regulation is by executive orders under the
authorization of the the Securities Exchange Law. In recent
years , both Japan and the USA have several amendments and
suggestions concerning the regulation of securities investment
trust With a much shorter history of securities investment
trust in , it is rather crucial to learn management experiences
from other countries.
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