circumstances except for a money market fund (MMF), fund of funds (FoFs), feeder fund, an index fund, and exchange traded fund (ETF) : (2.1) The number of investment units redeemed exceeds two-thirds of the
Regulation. In case where license fee paid by the licensee under the first paragraph for the year this Ministerial Regulation comes into force, exceeds license fee payable under this Ministerial Regulation
under the first paragraph for the year this Ministerial Regulation comes into force, exceeds license fee payable under this Ministerial Regulation, the excess shall be deemed as advance payment, either