Enforcement Rules Of The Financial Asset Securitization Act Article 6

The alterations of the asset securitization plan referred to in the proviso of Article 11, Paragraph 1 of the Act and those of the asset securitization plan referred to in Article 101 referring to the mutatis mutandis application of the proviso of Article 11, Paragraph 1 of the Act, which are considered to have no major influence on the interests of the beneficiaries or the Asset-Backed Securities holders are as follows:1.alterations implemented prior to public offering or private placement;2.the shortening of the duration of the special purpose trust contract or the execution period of the asset securitization plan, after the special purpose trust contract has been terminated and the cash from the disposition of the trust property has been allocated, or after the liabilities set forth in the asset securitization plan are repaid and the residual property distributed;3.alterations are made by a written consent of the entire beneficiaries or Asset-Backed Securities holders, in accordance with the entry in the asset trust securitization plan or asset securitization plan;4.amendments or supplements as agreed by the contracting parties of the special purpose trust contract, where they involve alterations to the requisite items to be included in the asset trust securitization plan. However, the amendments or supplements are limited to those for which an attorney-at-law issued legal opinions to determine that they corrected obvious mistakes in the original agreement, clarified ambiguity in the original agreement, or made supplements that did not contradict other agreements, and declared that there were no major influence on the beneficiaries; or5.other events as determined by the competent authority.