) promisory notes and bills of exchange issued by financial institution under the law on loan interest of financial institution; (4) ivestments in securities, derivatives and other financial instruments; (5
) promisory notes and bills of exchange issued by financial institution under the law on loan interest of financial institution; (4) ivestments in securities, derivatives and other financial instruments; (5
general manager to the extent that the derivatives intermediary is a financial institution which has been regulated by other governmental agencies before having obtained an approval for undertaking 2
the clients as well; (9) “financial institution” means a financial institution having any of the following characteristics: (a) a commercial bank under the law on financial institution business 1 ; 1
the clients as well; (9) “financial institution” means a financial institution having any of the following characteristics: (a) a commercial bank under the law on financial institution business 1 ; 1
) “financial institution” means a financial institution having any of the following characteristics: (a) a commercial bank under the law on financial institution business 1 ; 1 law on financial institution
Exchange Commission. Clause 3. Applicant for an approval to be a custodian under Clause 4 must be a financial institution in any of the following categories: (1) Commercial bank under the law on commercial
“derivatives broker” means a person licensed to undertake derivative business in the category of derivatives brokerage, excluding a commercial bank under the law on financial institution business; (2) “net
licensed to undertake derivative business in the category of derivatives brokerage, excluding a commercial bank under the law on financial institution business; (2) “net capital” means liquid capital
to the accounting standards as specified by a professional institution approved by relevant government authorities and in accordance with additional regulations specified in the notification of the SEC.