the derivatives business by means of arbitration by the SEC Office. 4The provisions of Paragraph 1 shall not apply to the case where the client is an institutional investor. Clause 11 In case the
necessary for investors to make the decision to enter into a contract for derivatives fund management; In case the investor is a mutual fund and the statements relating to investment policy, investment
necessary for investors to make the decision to enter into a contract for derivatives fund management; (Translation) 3 In case the investor is a mutual fund and the statements relating to investment policy
and may engage in the affiliated transaction for the fund only when an approval is granted by the mutual fund supervisor for the case specified in Clause 14, the conditions specified in Clause 15 are
company shall act in the interests of the fund and may engage in the affiliated transaction for the fund only when an approval is granted by the mutual fund supervisor for the case specified in Clause 14
with those standards as well. In case the association specifies the guideline, having obtained an approval from the SEC Office, regarding operational standards of intermediary ’s personnel, the
information as prescribed in Clause 31 in order to provide corresponding services with such ability of the client. In case the client’ s ability to perform servicing agreement is unable to be assessed or it