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Article 17
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If any of the circumstances listed below occurs at an OTC trading enterprise, it shall file a report with the Competent Authority:
- Temporary suspension of securities trading on the OTC market due to an event of force majeure; also, resumption of trading in such cases.
- Malfunction or interruption of the trading system or trading information transmission system.
- Tardiness or inability by a securities firm to carry out performance or settlement.
- Signing or termination of an OTC trading contract with a securities firm.
- Utilization of the clearing and settlement fund deposited by a securities firm with the OTC trading enterprise.
- The signing of a cooperation agreement or memorandum of understanding with a foreign exchange, self-regulatory organization, or other institution.
- Adoption of a resolution at a shareholders or board of directors meeting.
- Preparation and submission of an audit report and notification of the supervisors pursuant to Article 15, paragraph 2 of the Regulations Governing the Establishment of Internal Control Systems by Service Enterprises in Securities and Futures Markets.
- Any other matter that the Competent Authority requires to be reported.
The circumstances in subparagraphs 1 to 3 of the preceding paragraph shall be reported to the Competent Authority on the day following the occurrence of the fact; the circumstances in subparagraphs 4 to 7 shall be reported to the Competent Authority within five days following the occurrence of the fact or any change in the status thereof.
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