​Management of Mutual Fund

20. Relaxation of rules

A mutual fund management company may request the SEC's for relaxation of the following rules:

(1) Changing of a mutual fund supervisor, in the case that the mutual fund supervisor fails to correct the qualifications within a specified period.

(2) Calculation and announcement of net asset values, investment unit values, offering and redemption prices for investment units.

(3) The time of more than 1 day in which the mutual fund management company rejects the selling or repurchase of investment units or suspends acceptance of purchase or redemption orders.

(4) Preparation and submission of a report for an accounting period.

(5) Announcement of dividend payment  such as in the case of closed-end funds listed in Stock Exchange must comply with the Stock Exchange rules.

(6) Actions taking in dissolving mutual fund such as the period of 10 days for repayment for auto-redemption of the investment units.

​(7) The time in changing underlying funds which may take the mutual fund management company for more than 60 days.