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Article 9
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The term "associated persons employed by securities firms whose duties relate to the securities business" referred to in Article 54, paragraph 1and Article 18-1, paragraph 2 of the Act, and the persons employed by enterprises referred to in Article 18 of the Act shall include the following persons:
- Any persons employed by a securities underwriter to process the underwriting, trading negotiation, or trading implementation of securities.
- Any persons employed by a securities dealer to process the dealing and clearance and settlement of securities, stock business agency, or risk management and brokerage of derivative financial products.
- Any persons employed by a securities broker to process the account opening, credit search/review, solicitation, recommendation and introduction, commissioning, filing, clearance, and settlement of securities trading, margin lending and short selling, or the acceptance, delivery, and custody of securities and payment.
- Any persons employed by a securities finance enterprise to process the account opening, credit search/review, clearance and settlement of securities trading, or the acceptance and delivery of securities and payment.
- Any persons employed by a central securities depository to implement the custody or book entry transfer of securities, or process matters related to the custody of securities.
- Any accountant in charge, investment analysts, self-auditing personnel, legal compliance personnel, internal auditors, or personnel conducting other approved business, who are employed by the securities firms or securities services enterprises set forth in the preceding five subparagraphs.
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