Chapter I General Principles |
| Article 1 | These Regulations are adopted pursuant to Article 18, paragraph 2 of the Securities Exchange Act ("the Act").
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| Article 2 | The term over-the-counter trading ("OTC trading") as used in these Regulations means trading at securities firms' places of business, or transaction on a platform established by an OTC trading enterprise, of securities and other financial products.
The term over-the-counter trading enterprise ("OTC trading enterprise") in these Regulations means an enterprise that establishes a venue and equipment for purposes of trading or transaction referred to in the preceding paragraph of securities and other financial products, and that regulates matters relating to the OTC trading of those products.
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| Article 3 | The operation of an OTC trading enterprise shall require the approval of the Competent Authority.
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| Article 4 | The business operated by OTC trading enterprises is as listed below:
- OTC trading of securities.
- OTC trading of other financial products.
- Other related business items as approved by the Competent Authority.
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