What are the qualifications for the mandated institution of overseas investment?

First, it must be established for three years or more. Second, it must be incorporated and registered to conduct business under the laws of the Republic of China or any of the foreign countries. Third, its clients’ assets under management must be no less than US$5 billion or the equivalent to other currencies up to the end of the quarter preceding the public tender date. Besides, the historical performance of the mandate type that the manager applies for shall not be less than three years. Finally, it must have branch institution(s), business operation venue(s) or service team(s) in the territory of the Republic of China. The detail is also regulated in the act of Mandated Management Guidelines for the Labor Funds.