| Article 44 |
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| Article 45 |
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| Article 46 |
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| Article 47 |
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| Article 48 |
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| Article 49 |
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| Article 50 |
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| Article 51 |
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| Article 52 |
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| Article 53 |
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| Article 54 |
Associated persons employed by securities firms whose duties relate to the securities business shall be twenty years of age or over and possess the qualifications required by relevant acts and regulations, and shall not fall within one of the following categories:
1.having been adjudged bankrupt and not reinstated.
2.concurrently holding a position with another securities firm, provided that this restriction shall not apply when there is an investment relationship and the Competent Authority has granted approval allowing concurrent holding of the position of director or supervisor at the invested securities firm.
3.(deleted)
4.having been sentenced to a criminal penalty of severity equal to or greater than a term of imprisonment for fraud, breach of trust, or violation of laws governing business and industry, and three years have not elapsed since the date of completion of the sentence execution, the expiration of suspension of sentence, or the pardon of such punishment.
5.falling under any of the situations specified in either subparagraphs 2 through 4 or subparagraph 6 of the preceding Article.
6.having violated orders issued by the competent Authority in accordance with this Act.
The job title of the associated persons referred to in the preceding paragraph shall be prescribed by the Competent Authority. |
| Article 55 |
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| Article 56 |
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| Article 57 |
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| Article 58 |
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| Article 59 |
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| Article 60 |
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| Article 61 |
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| Article 62 |
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| Article 63 |
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| Article 64 |
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| Article 65 |
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| Article 66 |
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| Article 67 |
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| Article 68 |
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| Article 69 |
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| Article 70 |
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