REGULATION

ON

THE REGISTRATION OF CORPORATE RESTRUCTURING

LIMITED PARTNERSHIP

Regulation on the Registration of Corporate Restructuring Limited Partnership

CONTENTS

I.	General Provisions

§1.	Purpose

§2.	Definitions

II.	Registration of the Limited Partnership, etc.

§3.	Application for Registration

§4.	Implementation of Registration

§5.	Supplementing Registration Application

§6.	Processing Period of Registration

§7.	Registration of Changes

III.	Supplementary Provisions

§8.	Filing and disclosure of Documents

§9.	Delegation of Powers

Addenda

Enacted on July 7, 2000

CHAPTER I.

GENERAL PROVISIONS

§1. Purpose

The purpose of this Regulation is to prescribe the matters necessary for the enforcement of the items falling under the jurisdiction of the Financial Supervisory Commission(hereinafter, "FSC") among those pertaining to the supervision of the Corporation Restructuring Limited Partnership(hereinafter, "Limited Partnership") under the provisions of the Industrial Development Act (hereinafter, "the Act"), the Enforcement Decree of the Act(hereinafter referred to as "the Decree"), the Enforcement Regulation of the Act(hereinafter, "the Enforcement Regulation").

§2. Definitions

The terms used in this Regulation shall have the same meanings as defined in the Act, the Decree, and the Enforcement Regulation.

CHAPTER II.

REGISTRATION OF THE LIMITED PARTNERSHIP, ETC.

§3. Application for Registration

Any Limited Partnership intending to register pursuant to the provisions of Article 15 paragraph (1) of the Act shall file with the FSC an application for registration with the appended documents pursuant to Article 5 paragraph (1) of the Enforcement Regulation.

§4. Implementation of Registration

(1) The FSC shall enter the name of any Limited Partnership on its registration book and notify the Partnership of such fact when the Limited Partnership meets the registration requirements prescribed in Article 12 paragraph (1) of the Decree.

(2) The notice pursuant to paragraph(1) shall be made by delivering a registration certificate as prescribed under Article 5 paragraph (2) of the Enforcement Regulation.

(3) The FSC shall prepare and keep the registration book which contains the following information, and have the public peruse it.

1. Registration number;

2. Limited Partnership name and the location of the head office;

3. Name of a partner conducting the operation and of a partner supervising the operation;

4. Date of establishment and registration;

5. Amount of payment and the period of existence.

§5. Supplementing Registration Application

The FSC may, when the information in the registration application filed by any limited partnership is deemed incomplete, request the limited partnership to complement it within seven days from the date of notice. In this case, the FSC shall notice thereto by a letter specifying the reason without delay.

§6. Processing Period of Registration

(1) The processing period of the registration of any limited partnership pursuant to Article 15 paragraph (1) of the Act shall be within 20 days from the date of receiving such registration application. In this case, the applying date shall be included in such period, meanwhile the public holidays under the Regulation on Public Holidays of Government Offices shall be excluded from the period.

(2) Notwithstanding paragraph (1), when the FSC demands for supplementing the registration application pursuant to Article 5, such preparation period shall be excluded from the processing period.

§7. Registration of Changes

(1) Any Limited Partnership intending to change the registered information shall register such changes with the FSC within two weeks from the date of such changes.

(2) Any Limited Partnership intending to register the changes pursuant to paragraph (1) shall file with the FSC such documents related to such changes and data to certify such changes.

(3) The provisions of Article 3 to 5 shall apply mutatis mutandis to the registration of changes pursuant to paragraph (1). But, the registration of change pursuant to paragraph (1) shall, when it is not rejected within 7 days, be deemed to be registered on the date after the 7-day period following the application date of the registration of changes.

CHAPTER III.

SUPPLEMENTARY PROVISIONS

§8. Filing and Disclosure of Documents

(1) When filing with the FSC pursuant to this Regulation, any Limited Partnership shall submit two copies each of any documents and appended documents thereof.

(2) The FSC shall disclose the documents related to the registration, among those documents filed pursuant to paragraph (1), from the date of registration to the date on which one year after the date of registration revocation, and the business report and the statement of final accounts pursuant to Article 18 paragraph (2) of the Act for two years from the date of receipt.

§9. Delegation of Powers

(1) The FSC shall delegate the following duties to the Governor of Financial Supervisory Service:

1. Duties with regard to the registration of any limited partnership under Article 3 to 6;

2. Duties with regard to the registration of changes of any limited partnership pursuant to Article 7;

3. Duties with regard to the receipt and disclosure of business report and the statement of final accounts of any limited partnership pursuant to Article 8 of the Act.

(2) The Governor of the FSC may determine the detailed provisions necessary for the implementation of paragraph (1) such as forms, methods of writing out, among others.

Addendum

This Regulation shall be effective on July 7, 2000.