” means a securities business operator or a derivatives business operators, but not including a business operator which is a commercial bank under the law on financial institution, a life insurance company

person obtaining the commercial banking business license under the law on financial institutions. “ net capital ” means the liquid capital deducted by risk haircuts . “ liquid capital ” means liquid assets

person obtaining the commercial banking business license under the law on financial institutions. “net capital” means the liquid capital deducted by risk haircuts. “liquid capital” means liquid assets

person obtaining the commercial banking business license under the law on financial institutions. “net capital” means the liquid capital deducted by risk haircuts. “liquid capital” means liquid assets

academic expert or professional in accounting, finance, business administration, economics or law; (7) “Office” means the Office of the Securities and Exchange Commission. Clause 3 . An executive of any

academic expert or professional in accounting, finance, business administration, economics or law; (7) “Office” means the Office of the Securities and Exchange Commission. Clause 3 1 . An executive of any

or professional in accounting, finance, business administration, economics or law; (7) “Office” means the Office of the Securities and Exchange Commission. Clause 31. An executive of any securities

operating system that is appropriate for servicing customers and is consistent with practices set out under the rules prescribed by the law governing securities and exchange, and that its head office is able

established, the operating system that is appropriate for servicing customers and is consistent with practices set out under the rules prescribed by the law governing securities and exchange, and that its head

the law governing securities and exchange, and that its head office is able to supervise the operating system and the provision of services of the branch office. Clause 6. In granting permission to