. In the case where a securities trading center arranges to have a clearing and settlement system provided by a securities clearing house which operates under a regulatory sandbox , the securities

derivatives clearing house, either directly or through a third party. In the case where the approved person for operation under a regulatory sandbox in the same manner as a derivatives exchange arranges a

which information have not been confirmed yet. Clause 39 5 In the case where an intermediary arranges for foreign personnel to give investment advice to clients, the intermediary shall comply with the