In what situations will the BLF retrieve part or whole of the mandate assets?
When the investment performance as measured by the annual regular evaluation fails to achieve the statutory guaranteed return of each fund or the return of benchmark commonly used in the market or the rate of return set forth by the BLF. And in any event that may potentially decrease the principal or return of the labor funds, such as the mandated institution breaches its duty of care as a good administrator and its fiduciary duty, breaches the agreement, or violates relevant laws or regulations and is admonished or punished by the competent authority of the Republic of China or any of the foreign countries, the BLF will retrieve part or whole of the mandate assets from the mandated institutions.
- From：Planning and Audit Division
- Last Update Date：2020-07-03
- Hit Rate：2253