fund supervisor of the juristic persons under the first paragraph shall have qualifications as specified in (2) and (3). In cases where branches of foreign banks or foreign life insurance companies

long term, such as damage on building or place of business or branches, a failure of information technology system, inaccessibility or unusability of building or personnel unable to come for work in both

September 2006. To clarify the provision under the first paragraph (3) “Financial Institution” means: (a) Commercial banks, branches of foreign bank licensed to undertake full branch commercial bank business

, investment or capital market product analysis, investment management, or managing branches of an applicant ; (c) duties concerning control, supervision, and administration of operation of business units, work

branches or representative offices anywhere. SECTION 19.4 The SEC Office has the power and duty to: (1) perform any act for the implementation of the SEC’s resolutions; (2) supervise compliance and