in the contract is paid to the buyer. 2.2 Risk of Loss from Options Trading A buyer of options may choose to offset his position or exercise the options or can simply allow the options to lapse. If the

offered, the management company shall arrange widespread dissemination of the information on the offering to the general public as well. Clause 31 If the management company wishes to terminate the

form specified in the Licensing Manual for the Public. In this regard, the license under regulatory sandbox shall expire within a period no longer than one year from the receipt date of the license under

this Notification shall lapse in the following cases: (1) expiration of the participation period of the regulatory sandbox under Clause 4(4) unless an approval is granted by the SEC Office to terminate

this Notification shall lapse in the following cases: (1) expiration of the participation period of the regulatory sandbox under Clause 3(4) unless an approval is granted by the SEC Office to terminate

in the operation may cause a material impact or damage to investors or the overall capital market. Clause 8 The approval for participation in a regulatory sandbox under this Notification shall lapse in

where the claimant does not make correction or addition within such period of time, it shall be deemed that the claimant no longer intends to proceed the arbitral process and the Office shall terminate

or right of a person arising from derivatives trading. “close out a derivatives position” means to discharge an obligation or terminate rights under derivatives an equal and opposite trade which

within one year, unless such condition has been waived by the SEC Office; 2. the financial lease contract which a derivatives broker , as lessee, is entitled to prematurely terminate without the condition

maturity date within 1 year, unless such condition has been waived by the SEC Office; 2. financial lease contract which a securities company , as lessee, would be able to terminate the contract before the