No. 16656
Promulgation Date 2019-11-26
Financial Services Commission
ALL
CHAPTER I GENERAL PROVISIONS
Article 1 (Purpose)
Article 2 (Definitions)
Article 3 (Relationship to Other Statutes)
CHAPTER II REGISTRATION OF ONLINE INVESTMENT-LINKED FINANCIAL BUSINESSES
Article 4 (Prohibition of Business Operations without Registration)
Article 5 (Registration)
Article 6 (Requirements for Qualification of Executive Officers)
Article 7 (Registration of Changes)
Article 8 (Company Name)
CHAPTER III RULES ON BUSINESS ACTIVITIES
Article 9 (Duty of Good Faith)
Article 10 (Public Disclosure of Information about Online Investment-Linked Financial Business Entities)
Article 11 (Collection of Fees by Online Investment-Linked Financial Business Entities)
Article 12 (Obligations Relating to Online Investment-Linked Financial Business)
Article 13 (Business)
Article 14 (Report on Concurrent Business and Incidental Business)
Article 15 (Business Entrustment of Online Investment-Linked Financial Business Entities)
Article 16 (Accounting Standards)
Article 17 (Internal Control Standards)
Article 18 (Management of Conflicts of Interest)
Article 19 (Advertising)
CHAPTER IV ONLINE INVESTMENT-LINKED FINANCIAL BUSINESS
Article 20 (Verification of Information about Borrowers)
Article 21 (Verification of Information about Investors)
Article 22 (Information to Be Provided to Investors)
Article 23 (Conclusion of P2P Investment Agreements)
Article 24 (Conclusion of P2P Loan Agreements)
Article 25 (Establishment and Amendment of Terms and Conditions)
Article 26 (Management of Invested Funds and Repaid Loans)
Article 27 (Management of P2P Loans)
Article 28 (Isolation of P2P Loans from Bankruptcy)
Article 29 (Collection of P2P Loans)
Article 30 (Protection of Credit Information and Personal Information)
Article 31 (Liability for Damage)
Article 32 (Limits on Loan and Limits on Investment)
Article 33 (Central Record Management Agency)
Article 34 (Transfer and Acquisition of Rights to Receive Principal and Interest Payments)
Article 35 (Special Cases concerning P2P Investment by Financial Institutions)
Article 36 (Special Case concerning Documents)
CHAPTER V ONLINE INVESTMENT-LINKED FINANCE ASSOCIATION
Article 37 (Establishment of Online Investment-Linked Finance Association)
Article 38 (Business Activities)
Article 39 (Articles of Association)
Article 40 (Membership)
Article 41 (Supervision over Association)
Article 42 (Application Mutatis Muntandis of the Civil Act)
CHAPTER VI SUPERVISION AND DISPOSITIONS
Article 43 (Supervision)
Article 44 (Inspection)
Article 45 (Power of Financial Supervisory Service to Issue Order to Take Measures)
Article 46 (Submission of Business Report)
Article 47 (Requesting Online Investment-Linked Financial Business Entities to Submit Materials)
Article 48 (Entrustment of Authority)
Article 49 (Suspension of Business Operations and Revocation of Registration)
Article 50 (Penalty Surcharge on Online Investment-Linked Financial Business Entities)
Article 51 (Petition for Objection)
Article 52 (Extension of Payment Deadline for Penalty Surcharges and Installment Payment)
Article 53 (Collection of Penalty Surcharges and Disposition on Delinquency)
Article 54 (Refund of Overpayment or Erroneous Payment)
CHAPTER VII PENALTY PROVISIONS
Article 55 (Penalty Provisions)
Article 56 (Joint Penalty Provisions)
Article 57 (Administrative Fines)
ADDENDA <Act No. 16656, Nov. 26, 2019>