established and registered with the SEC Office to promote and develop securities business in the category of investment management. (3) in the case where the REIT invests in debt instrument or an agreement
association related to securities business which is licensed by and registered with the SEC Office with the objective to promote and develop 3 Repealed by the Notification of the Capital Market Supervisory
from the SEC Office; (18) “ association ” means an association related to securities business which is licensed by and registered with the SEC Office with the objective to promote and develop securities