Regulations Governing Mergers or Consolidations, General Assumptions, or General Assignments Between Foreign Financial Institutions and Domestic Financial Institutions Article 3

Articles 5 to 7 and Articles 16 and 17 of the Act shall apply mutatis mutandis to a merger or consolidation, general assumption, or general assignment between a foreign financial institution and a domestic financial institution.Subject to the preceding paragraph, when a merger or consolidation, general assumption, or general assignment is conducted between a foreign financial institution and a domestic financial institution, the procedures for related resolutions, notices or public announcements, and protection of the rights and interests of the shareholders and creditors shall be handled by the foreign financial institution under the applicable laws and regulations of the home country of its head office, and by the domestic financial institution under the applicable provisions of the Act.