| Article 17 |
A securities firm, unless concurrently operated by a financial institution, shall not borrow funds from a non-financial/non-insurance institution. However, this rule shall not apply to the following:<br/>1. Issuance of commercial paper.<br/>2. Issuance of corporate bonds.<br/>3. Meeting urgent capital needs of the company.<br/>When borrowing funds to meet urgent capital needs as referred to in subparagraph 3 of the preceding paragraph, a securities firm shall report to the FSC within 2 days from the date of occurrence of the event. |
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