Securities Investor and Futures Trader Protection Act Article 25

Mediation is successful when both parties to the mediation reach an agreement.If there is difficulty achieving agreement through mediation, the mediation committee may, considering all the circumstances and striving for a balance of both parties' interests, produce a mediation proposal upon the approval of a majority of the whole body of committee members and set a period of not more than 45 days during which it will advise both parties to agree to the proposal. When necessary, the period may be extended by 45 days.If the parties to the mediation express no dissent within the period set pursuant to the preceding paragraph, the mediation will be deemed successful with respect to both parties based on the mediation proposal.If, within the period set under paragraph 2, dissent is expressed by one or more persons belonging to a group with common interests comprising a party to the mediation, the mediation proposal will be void with respect to those dissenting, but mediation will be deemed successfully concluded based on the proposal with respect to all other parties. However, if the number of persons expressing dissent constitutes a majority of the members of the that party , the mediation will be deemed unsuccessful.When acting in an advisory capacity, as mentioned in paragraph 2, the mediation committee may make the mediation proposal public if it finds the case appropriate.