Regulations Governing the Preparation of Financial Reports by Securities Firms Article 4

A securities firm shall establish, and amend when necessary, an accounting system based on the nature of its accounting matters, the actual status and development of its business, and its management needs.The accounting system referred to in the preceding paragraph shall, based on the nature of the securities firm's business operations, and in a way that meets the needs of preparation of the consolidated financial reports and uniformity in the accounting policies of the securities firm and its subsidiaries, separately provide a general description of the accounting system, descriptions and uses of accounting items, accounting documents, account books, and accounting reports, and accounting procedures.A securities firm shall see to it that its subsidiaries establish their accounting systems in accordance with the preceding paragraph.