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Article 45
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A securities firm shall operate the securities business within the category to which it belongs under Article 16 and may not operate securities business beyond its own category. However, if it obtains approval from the Competent Authority, this restriction shall not apply.<br/>A securities firm shall not be operated concurrently by another enterprise. However, a financial institution with permission from the Competent Authority may concurrently operate a securities business.<br/>A securities firm shall not invest in another securities firm except with the approval of the Competent Authority.
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