Securities Investor and Futures Trader Protection Act Article 25-1

In a small-claim securities investment or futures trading dispute case, if the securities investor or futures trader applies to the protection institution for mediation and the counterparty, without due cause, fails to appear on the mediation date, the mediation committee members may, with consideration to the circumstances, put forward a mediation proposal upon the applicant's request or ex officio, and serve the proposal on the parties to the mediation.The mediation proposal of the preceding paragraph shall be passed by a majority of mediation committee members at a meeting of the mediation committee with a quorum of not less than three members. The proposal shall state the period prescribed in Article 25-2, paragraph 1, and the legal consequences of failing to express dissent within the statutory period.Provisions for the service of process through public announcement shall not apply to the service of the mediation proposal under paragraph 1.The amount limit of a "small-claim securities investment or futures trading dispute" referred to in paragraph 1 shall be proposed by the protection institution and reported to and approved by the competent authority.