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Article 14-3
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Where a securities firm files for offering and issuance of securities pursuant to Article 6 of the Regulations Governing the Offering and Issuance of Securities by Securities Issuers, it may refrain from engaging a lead securities underwriter to conduct assessment if it meets the following financial and operational requirements:<br/>1. None of the circumstances in Article 14-1, paragraph 1 exist.<br/>2. Its financial condition meets the provisions of Articles 13, 14, 16, 18, 18-1 and 19.<br/>3. Its regulatory capital adequacy ratio 6 months prior to the date of reporting is 200 percent or greater.
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