No. 19913
Promulgation Date 2024-01-02
Financial Services Commission
ALL
CHAPTER I GENERAL PROVISIONS
Article 1 (Purpose)
Article 2 (Definitions)
Article 3 (Scope of Application)
Article 4 (Relationship to Other Acts)
CHAPTER II EXECUTIVE OFFICERS
SECTION 1 Qualifications for Executive Officers
Article 5 (Qualifications for Executive Officers)
Article 6 (Qualifications for Outside Directors)
Article 7 (Reporting, etc. on Conformity with Qualifications for Executive Officers)
SECTION 2 Major Operating Officer
Article 8 (Appointment, Dismissal, etc. of Major Operating Officer)
Article 9 (Reporting by Major Operating Officer to Board of Directors)
SECTION 3 Concurrent Office of Executive Officers, etc.
Article 10 (Restriction on Concurrent Office)
Article 11 (Approval, Reporting, etc. of Concurrent Office)
CHAPTER III BOARD OF DIRECTORS
SECTION 1 Composition, Management, etc. of Board of Directors
Article 12 (Composition of Board of Directors)
Article 13 (Election, etc. of Chairperson of Board of Directors)
Article 14 (Management, etc. of Board of Directors)
Article 15 (Authority of Board of Directors)
SECTION 2 Committees within Board of Directors
Article 16 (Establishment and Composition of Committees within Board of Directors)
Article 17 (Committee for Recommendation of Candidates for Executive Officers)
Article 18 (Provision of Information about Outside Directors)
Article 19 (Composition of Audit Committee and Appointment, etc. of Audit Committee Members)
Article 20 (Assistance, etc. to Audit Committee or Auditor)
Article 21 (Risk Management Committee)
Article 22 (Remuneration Committee, Remuneration System, etc.)
Article 22-2 (Internal Control Committee)
Article 23 (Special Cases Concerning Wholly-Owned Subsidiaries, etc. of Financial Holding Companies)
CHAPTER IV INTERNAL CONTROLS, RISK MANAGEMENT, ETC.
Article 24 (Internal Control Standards)
Article 25 (Appointment, Dismissal, etc. of Compliance Officers)
Article 26 (Requirements for Qualification for Compliance Officers)
Article 27 (Risk Management Standards)
Article 28 (Appointment, Dismissal, etc. of Risk Managers)
Article 29 (Prohibition of Concurrent Office, etc.)
Article 30 (Duties of Financial Company to Compliance Officers and Risk Managers)
Article 30-2 (Duties to Manage Internal Control of Executive Officers)
Article 30-3 (Responsibility Chart)
Article 30-4 (Duties to Manage Internal Control of Representative Directors)
CHAPTER V MAINTENANCE OF SOUNDNESS OF MAJOR SHAREHOLDERS
Article 31 (Approval, etc. of Changes in Large Shareholders)
Article 32 (Examination, etc. of Qualifications for Largest Shareholder)
CHAPTER VI SPECIAL CASES CONCERNING EXERCISE OF MINORITY SHAREHOLDERS' RIGHTS
Article 33 (Minority Shareholders' Rights)
CHAPTER VII PROCEDURES FOR MEASURES AND SANCTIONS
Article 34 (Measures against Financial Company)
Article 35 (Disciplinary Measures against Executive Officers and Employees)
Article 35-2 (Disciplinary Measures against Violations of Duties to Manage Internal Control)
Article 36 (Hearings)
Article 37 (Special Cases concerning Petition for Objection)
Article 38 (Recording, Inquiry, etc.)
Article 39 (Charge for Compelling Compliance)
CHAPTER VIII SUPPLEMENTARY PROVISIONS
Article 40 (Entrustment of Authority)
Article 41 (Public Disclosure)
CHAPTER IX PENALTY PROVISIONS
Article 42 (Penalty Provisions)
Article 43 (Administrative Fine)
ADDENDA
ADDENDA <Act No. 13613, Dec. 22, 2015>
ADDENDA <Act No. 14129, Mar. 29, 2016>
ADDENDA <Act No. 14271, May 29, 2016>
ADDENDA <Act No. 14818, Apr. 18, 2017>
ADDENDA <Act No. 17799, Dec. 29, 2020.>
ADDENDA <Act No. 19700, Sep. 14, 2023.>
ADDENDUM <Presidential Decree No. 19913, Jan. 2, 2024>