Chapter 5
Securities Exchange
 
Division 3
Operation
 
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Section 178
 
 
The board of directors of the Securities Exchange shall submit to a meeting of members of the Securities Exchange within four months from the end of the calendar year a balance sheet and an annual income and expense account duly certified by the auditor.
 
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Section 179
 
 
The meeting of members of the Securities Exchange shall appoint an auditor from among the persons nominated by the board of directors of the Securities Exchange and shall determine the remuneration for such auditor.

The auditor shall be a licensed auditor under the law relating to auditors and shall not be a director, manager, officer or employee of the Securities Exchange.
 
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Section 180
 
 
The auditor shall have the power to examine all accounts and documents of the Securities Exchange and may require further explanation from the directors, manager, officers or employees of the Securities Exchange.
 
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Section 181
 
 
The board of directors of the Securities Exchange shall submit to the Office a balance sheet with an annual income and expense account as well as prepare reports and submit documents to the Office in accordance with the rules, conditions and procedures as specified by the SEC.
 
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Section 182
 
 
The Securities Exchange shall pay money for the purpose of facilitating the operation of the Office at the rate specified by the SEC.
 
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Section 183
 
 
In order to protect the benefit or interests of the public, the Securities Exchange or any person authorized by the board of directors of the Securities Exchange shall have the power to disclose information of a company whose securities are listed in the Securities Exchange or of a securities company which is a member of the Securities Exchange to the public in accordance with the rules, conditions and procedures as specified by the board of directors of the Securities Exchange.
 
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Section 184
 
 
The purchase or sale of listed securities in the Securities Exchange shall be conducted by a securities company which is a member of the Securities Exchange.

In the purchase or sale of securities as referred to in the first paragraph, a member may act as a broker or agent for any person or securities company which is not a member.
 
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Section 185
 
 
No member of the Securities Exchange shall purchase or sell listed securities outside the Securities Exchange regardless of whether it is acting as a broker, agent or in its own name, unless such member has been given an approval from the Securities Exchange.
 
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Section 186
 
 
In order to safeguard against the damage which may be caused to the public or the economy of the country, the SEC shall have the power to:
(1) temporarily suspend the trading of all listed securities in the Securities Exchange for a specified period deemed to be reasonable;
(2) instruct the board of directors or the manager of the Securities Exchange to do any act or omit to do any act as the SEC deems appropriate.

In exercising the power under (1), the SEC shall give a written order which shall be posted in a prominent place at the office of the Securities Exchange as well as report the matter to the Minister immediately. In this regard, the Minister shall have the power to order any change or modification in such order.
 
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Section 187
 
 
In cases where there has been a breakdown in the equipment used in the trading system of listed securities in the Securities Exchange which prevents the normal trading of listed securities in the Securities Exchange, the manager of the Securities Exchange shall have the power to order a temporary suspension of trading of all listed securities in the Securities Exchange, and shall submit a detailed report to the SEC immediately.
 
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Section 188
 
 
Upon the termination of membership of any member, the Securities Exchange shall permit such member to complete transactions in progress.