, providing that the instrument?s features, the underlying assets, limitations and product risks will be in line with current financial institution?s practices.? ?We conducted public hearings and discussed with
granting of such approval shall be in accordance with the rules, conditions and procedures as specified by the SEC. The establishment of a branch office of a financial institution established in accordance
on securities and exchange(SC); □ A life insurance company under the law on life insurance business; □ A financial institution established under specific law according to the Notification of the
securities company under the law on securities and exchange(SC); □ A life insurance company under the law on life insurance business; □ A financial institution established under specific law according to the
agreement with accrued interests; (3) promisory notes and bill of exchange issued by financial institution under the Law on Loan Interest of Financial Institution ; (4) investments in securities, derivatives
which obtains the securities business license in the following categories, but exclude a securities company being a commercial bank under the Law on Financial Institution, a life insurance company under
Securities and Exchange Commission. Clause 3. Applicant for an approval to be a custodian under Clause 4 must be a financial institution in any of the following categories : (1) Commercial bank under the law