Chapter I General Principles |
| Article 1 | These Regulations are prescribed in accordance with Articles 93, 95, 99, 102, 137, and 154 of the Securities and Exchange Act (the "Act").
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| Article 2 | A stock exchange may be organized in the form of either membership or company. In order to establish a stock exchange, a permit shall be obtained from the Financial Supervisory Commission (FSC ).
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| Article 3 | The term "associated persons" as used in these Regulations means managerial officers and the personnel who engage in the following businesses for a stock exchange:
- Examination of applications for securities to be listed.
- Audit of finance and business of listed companies.
- Transaction, monitoring, clearing, settlement and custodial service of the centralized securities exchange market.
- Computer operation and information management of the centralized securities exchange market.
- Audit of the finance and business of the stock exchange its members, securities brokers, and securities dealers.
- International affairs of the stock market.
- Other operations approved by the FSC.
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