Financial Asset Securitization Act Article 9

The Trustee shall file an application or make a registration, along with the following documents, with the competent authority for the approval or effective registration of the issue of Beneficiary Securities; the guidelines related thereto shall be prescribed by the competent authority:1. the asset trust securitization plan;2. the SPT contract;3. explanations regarding the methods of managing and disposing of the trust property; if a Servicer is appointed to manage and dispose of the trust property, the appointment agreement or other documentary proofs;4. relevant risk hedging plans and documents; and5. other documents as required by the competent authority.The Trustee shall not issue Beneficiary Securities without the approval from or effective registration with the competent authority.The Trustee shall operate the SPT business in accordance with the asset trust securitization plan approved by or effectively registered with the competent authority.The Originator and the Trustee shall not be the same affiliated enterprise, and the document and information related to the trust property shall be provided to the Trustee without false statements or concealments.The Originator violating the preceding paragraph shall compensate the acquirer or transferee of the Beneficiary Securities for the damages caused thereby.Articles 369-1 to 369-3, Article 369-9, and Article 369-11 of the Company Act shall apply to the scope of "affiliated enterprises" as referred to in paragraph 4.