type of securities license granted. 4.3 Using of scripless system by depository center for all types of securities and throughout the whole process • Licensed depository center can provide service
operator of the outcome of its consideration or does not give any order otherwise, it shall be deemed that the SEC Office has granted its approval on such application. 8 SECTION 23. In cases where the
has been granted, the person under (2) shall have the duty and responsibility for disclosing information and comply with the provisions under Chapter 2: Issuance of Securities and Chapter 3: Public
have the same duty and responsibility for disclosing information as the securities issuing company, and after the approval has been granted, the person under (2) shall have the duty and responsibility
granted an approval under Section 17 shall offer digital tokens to investors in categories and under the conditions as specified in the notification of the SEC only. Section 19. The offering of digital
accordance with the rules, procedures and conditions as specified in the notification of the SEC. Section 18. The offeror of digital tokens which has been granted an approval under Section 17 shall offer
the Office of the approval granted for such custodian. SECTION 138. All assets of the person authorizing the management of the private fund shall be in the name of the person authorizing such management
person shall not engage in any activities other than those specified in the approved project unless a relaxation is granted by the SEC. Section 14. If the operations of the special purpose juristic person
responsibility for disclosing information as the securities issuing company, and after the approval has been granted, the person under (2) shall have the duty and responsibility for disclosing information and