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Article 11
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A securities firm shall prepare consolidated financial reports in accordance with Chapter II of these Regulations and IFRS 10, and shall prepare annual parent company only financial reports in accordance with Chapter IV of these Regulations.<br/>A securities firm that does not have a subsidiary shall prepare individual financial reports in accordance with Chapter II of these Regulations, and when preparing annual financial reports shall follow the provisions of Articles 27 to 32 of these Regulations.<br/>A securities firm that prepares an annual report in accordance with the Regulations Governing Information to be Published in Annual Reports of Public Companies and discloses in that annual report the content set out in Articles 28 to 31 herein may be exempted from the requirements of Articles 28 to 32 with respect to its annual financial report.<br/>A securities firm preparing interim financial reports shall follow the provisions of Chapters II and III of these Regulations as well as IAS 34. A securities firm, when preparing semi-annual financial reports, shall also prepare semi-annual parent company only financial reports pursuant to Articles 25 to 27, or semi-annual individual financial reports pursuant to Article 27.
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