Section I General Provisions |
| Article 93 | Special permission or permission shall be obtained from the Competent Authority before the establishment of a stock exchange is registered. The application procedures and other necessary matters shall be prescribed by an order of the Competent Authority. |
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| Article 94 | A stock exchange may be organized as either a membership organization or a company organization. |
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| Article 95 | The standards for the establishment of stock exchanges shall be prescribed by the Competent Authority.
Each stock exchange shall be limited to establishing one centralized securities exchange market. |
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| Article 96 | Except as provided in this Act, no person may engage in the operation of a business similar to that of a centralized securities exchange market. This shall also apply to the provision of premises or facilities for such purposes. |
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| Article 97 | The name of a stock exchange shall explicitly bear the words "stock exchange." No person other than a stock exchange may use a name similar to that of a stock exchange. |
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| Article 98 | The business of a stock exchange shall be to operate and provide a centralized securities exchange market. A stock exchange shall not operate other businesses nor invest in any other enterprise without the approval of the Competent Authority. |
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| Article 99 | A stock exchange shall deposit an operation bond with the National Treasury, the amount of which shall be prescribed by an order of the Competent Authority. |
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| Article 100 | The Competent Authority may withdraw the special permission or permission of an established stock exchange if it is found that the stock exchange had made any false statement in its application or any document in connection therewith or has otherwise violated a law or regulation. |
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| Article 101 | (Deleted) |
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| Article 102 | Matters relating to the direction and supervision of the business operation of a stock exchange and the regulation of its responsible persons and associated persons shall be prescribed by an order of the Competent Authority. |
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