| Article 19-1 |
The FSC shall prescribe the total amount limits, and methods for calculation thereof, on the positions held in foreign securities and the expenditures on derivative financial product transactions of a securities firm operating the business of proprietary trading of foreign securities.<br/>When a securities firm operates the business of proprietary trading of foreign securities as referred to in the preceding paragraph, if such trading is for purposes other than its own capital investment or hedging needs, it shall apply to the Central Bank for permission for any inward or outward remittances involved, and any proprietary trading of foreign bonds shall be done in compliance with the provisions of the TPEx. |
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