Chapter 1 General Principles |
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1. The Financial Supervisory Commission (FSC) established these Directions in support of the Asian Asset Management Center implementation policy to enhance financial competitiveness by conducting trials of specific financial businesses at specific locations under appropriate risk management. |
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2. Matters not specified in these Directions shall be governed by the "Operation Directions of Financial Institutions Applying for Business Trial". |
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3. The terms used in these Directions are defined as follows:
(1) Financial institutions: They include banks, securities investment trust enterprises, securities investment consulting enterprises, securities firms, and insurance enterprises.
(2) Local asset management zone (hereinafter referred to as a "Zone"): An area designated or assigned by the municipal or county (city) governments (hereinafter referred to as "local government").
(3) Zone business trial item: Business items and exemptions that financial institutions apply for business trials in the Zone.
(4) Zone operating unit: The operating unit approved by the FSC for the business trials in the Zone. |