company shall have independent directors in the number of at least one-fourth of its board of directors. In cases where an independent director of a securities company deceases, resigns, or whose approval
work units. Clause 7 A securities company shall have independent directors in the number of at least one-fourth of its board of directors. In cases where an independent director of a securities company
4. A notifications of allegation, appointment, imposition of administrative sanction, consideration on appeal or any other matters shall be made in writing. Clause 5. In cases of urgency or where a
Board concerning the Selling of Newly Issued Debt Securities and Derivative Warrants of a Securities Issuer. Chapter 2 Authority of the SEC Office ____________________ Clause 8 In the cases it appears to
in cases where their capital is not sufficient for the operation or various risks pursuant to Paragraph 1. Clause 13 Each securities clearing house or central securities depository shall establish a
” means the day on which an offer for sale of securities is closed for a securities underwriter in general cases; (7) “date of providing over-allotment shares in full” means the day on which a provider of
which an offer for sale of securities is closed for a securities underwriter in general cases; (7) “date of providing over-allotment shares in full” means the day on which a provider of over-allotment
cases, the securities company shall comply with Advertising Rules as prescribed under Chapter 3. Chapter 2 Advertisement which must be approved ------------------ Clause 6. The following advertisement
which must be approved by the Office prior to distribution. (UNOFFICIAL TRANSLATION) 3 Clause 5. To advertise, in any cases, the securities company shall comply with Advertising Rules as prescribed under