Financial Asset Securitization Act Article 5

After the approval from or an effective registration with the competent authority pursuant to Article 9, paragraph 1 or Article 73, paragraph 1 hereof and prior to the entrustment or the transfer of the Assets, the Originator shall make announcements of the variety, quantity, and content of the major Assets entrusted to the Trustee or transferred to the SPC in accordance with the provisions of this Act for three consecutive days in the daily local newspapers circulated at the place of its principal office or in other ways prescribed by the competent authority.The form and content of the announcement referred to in the preceding paragraph shall be prescribed by the competent authority.The Originator, which fails to make the announcement as described in paragraph 1, or has made announcements not in compliance with the requirement prescribed by the competent authority, shall not hold the trust or transfer against a third party.