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Article 16
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A securities firm shall adopt an effective internal control system for the conduct of business relating to custody and investment of funds on behalf of customers.
The internal control system under the preceding paragraph shall specify matters relating to regulatory filing of the securities firm's credit rating information, the securities firm's operational procedures for commencement, suspension, and resumption of the business contemplated herein, regulatory filing of the monetary amount in which the securities firm conducts the business hereunder, methods of transfer from the various sources of funds for custody and investment, methods of transfer when funds do not reach the agreed minimum investment level, compliance matters for investment of funds, distribution and transfer of income or loss on investment, distribution and transfer of interest on custodied funds, treatment of management fees and government taxes and fees, treatment of funds for settlement of customers' trades, customers' funds withdrawal requests, early termination of agreement by customers, receipt, release/payment, and investment of customer funds, and other matters relating to account administration and information transmission, and any other matters required by the competent authority.
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