Regulations Governing Futures Trust Funds Article 3

Other terms used in these Regulations are defined as follows:1."Futures trust deed" means a trust deed signed between a futures trust enterprise as the settlor and a fund custodian as the trustee for purposes of regulating the mutual rights and obligations between the futures trust enterprise, the fund custodian, and the beneficial owners.2."Fund custodian" means a trust company, or a bank that concurrently operates trust business, that on the basis of a trust relationship established pursuant to the Futures Trading Act serves as the trustee pursuant to a futures trust contract and handles the custody, disposition, and collections and payments of a futures trust fund according to the instructions of the futures trust enterprise, and conducts the business of fund custody in accordance with these Regulations and the futures trust contract.3."Beneficial owner" means a person who, under the provisions of the futures trust deed, is entitled to benefit from the futures trust fund.4."Beneficial certificates" means securities issued for purposes of offering a futures trust fund and serving to represent the rights enjoyed by the beneficial owners of the futures trust fund.5."Futures contract" means one of the categories of futures trades publicly announced by the competent authority pursuant to Article 5 of the Futures Trading Act.6."Futures-related spot instruments" means foreign or overseas spot instruments that are related to futures contracts and whose trading has been approved by the competent authority.7."Securities" means securities as defined under Article 6 of the Securities and Exchange Act.8."Business day" means a trading day on the futures or securities markets.