Securities and Exchange Act Article 44-1

To facilitate the development of financial inclusion and financial technologies, applicants, not limited to securities firms and securities finance enterprises, may apply to conduct innovative experimentation in securities business pursuant to the Financial Technology Development and Innovative Experimentation Act.An innovative experiment under the preceding paragraph may be exempted from the application of the provisions of this Act within the period and scope approved by the Competent Authority.The Competent Authority shall reference the results of the implementation of the innovative experimentation under paragraph 1 to review the appropriateness of this Act and relevant financial laws and regulations.