Chapter I General Provisions |
| Article 1 | These Standards are prescribed pursuant to Article 44, paragraph 4 of the Securities and Exchange Act ("the Act").
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| Article 2 | Each type of securities business which may be operated by a securities firm shall be approved separately by the Financial Supervisory Commission (FSC) under the Act and these Standards. The approved type of securities business shall be specified by the license of each securities company. The operation of securities business shall not be undertaken before it is approved and specified by the license.
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