Standards Governing the Establishment of Securities Firms Article 40-1

In the event that a securities firm or a financial institution that concurrently operates securities business only applies to add the business of proprietary trading in government bonds, its application for the permit under Article 39 may be exempted from submission of the documentation required under subparagraph 2; its application for the business license under Article 40 may be exempted from submission of the documentation required under subparagraph 3.