. Chapter 3 Communicating, Soliciting, and Giving Advice to Clients ___________________________ Clause 17 6 Paragraph 1 shall be repealed. In case of providing services to a client with regard to trading of

person giving investment consultation to investors, relating to solicitation for investment or providing consultation for trading or investing in capital market product, without planning or analyzing of

Thor. 35/2556 Re: Standard Conduct of Business, Management Arrangement, Operating Systems and Providing Services to Clients of Securities Companies and Derivatives Intermediaries dated 6 September 2013

/or admitted to trading. B. Entities Providing Liquidity. If any entity has made a firm commitment to act as intermediary for the debt securities in secondary market trading, such as market maker

, orders and circular letters issued under or providing guidelines for compliance with the said Notification of the Securities and Exchange Commission, which were effective prior to the effective date of

of Mutual Funds and Private Funds, dated 10 June 2004, including all applicable notifications of the Office, orders and circular letters issued under or providing guidelines for compliance with the

of Mutual Funds and Private Funds, dated 10 June 2004, including all applicable notifications of the Office, orders and circular letters issued under or providing guidelines for compliance with the

Office under this Notification. Clause 19. All notifications, orders and circular letters issued under or providing guidelines for compliance with the Notification of the Office of the Securities and

Office shall be the approval date granted by the Office under this Notification. (Translation) 8 Clause 19. All notifications, orders and circular letters issued under or providing guidelines for

Office shall be the approval date granted by the Office under this Notification. (Translation) 8 Clause 19. All notifications, orders and circular letters issued under or providing guidelines for