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ENFORCEMENT RULE OF THE FUTURES TRADING ACT

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ENFORCEMENT RULE OF THE FUTURES TRADING ACT

Ordinance of the Ministry of Finance and Economy No. 55, Dec. 24, 1998 Amended by Ordinance of the Ministry of Finance and Economy No. 82, May 24, 1999 Ordinance of the Ministry of Finance and Economy No. 155, Jul. 28, 2000 Ordinance of the Ministry of Finance and Economy No. 352, Feb. 28, 2004 Ordinance of the Ministry of Finance and Economy No. 412, Jan. 27, 2005 Ordinance of the Prime Minister No. 875, Mar. 3, 2008 Article 1 (Purpose)

The purpose of this Rule is to provide for matters delegated by the Futures Trading Act and its Enforcement Decree as well as for those necessary for the enforcement thereof.

Article 1-2 (Similar Overseas Futures Trading)

As used in Article 2-2 of the Enforcement Decree of the Futures Trading Act (hereinafter referred to as the "Decree"), the term "transactions provided for by Ordinance of the Prime Minister" means any of the following transactions:

1. Over-the-counter metal transactions under the regulations of the London Metal Exchange;

2. Bullion transactions under the regulations of the London Bullion Market Association;

3. Vessel freight transactions under the regulations of the Vessel Freight Leading Dealer Association;

4. Over-the-counter foreign exchange transactions under the regulations of the U.S. National Futures Association; and

5. Over-the-counter foreign exchange transactions under the Mercantile Exchange Act of Japan.

[This Article Newly Inserted by Ordinance of the Ministry of Finance and Economy No. 155, Jul. 28, 2000]

ENFORCEMENT RULE OF THE FUTURES TRADING ACT

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Article 1-3 Deleted.

Article 2 (Disclosure of Information)

Any information which shall be disclosed so as to come to many persons' knowledge under Article 31-2 (2) of the Act shall be any of the following:

1. Any information included in documents submitted or reported to the Financial Services Commission and the Korea Securities and Futures Exchange established under the Korea Securities and Futures Exchange Act (hereinafter referred to as the "Exchange") in accordance with Acts and subordinate statutes, in which case one day has elapsed since they were kept as determined by the Financial Services Commission and the Exchange;

2. Any information in which case one day has elapsed since its contents were reported by two or more newspapers published for nationwide distribution, among general daily newspapers or special daily newspaper in the economic field referred to in the Registration, etc. of Periodicals Act;

3. Any information in which case twelve hours have elapsed since its contents were broadcasted through nationwide broadcasting among broadcasting referred to in the Broadcasting Act (excluding special broadcasting); and

4. Any information in which case twenty-four hours have elapsed since its contents were disclosed through electronic communication media established and operated by the Financial Services Commission or the Exchange.

[This Article Newly Inserted by Ordinance of the Ministry of Finance and Economy No. 412, Jan. 27, 2005]

Article 3 (Method, etc. of Discretionary Futures Trading) (1) If a futures company intends to make any discretionary futures trading under Article 48 (4) of the Act, it shall, in advance, enter into a written contract with a customer and designate a manager of its account. In this case, the contract period shall not exceed one year. (2) If a futures company makes any discretionary futures trading under Article 48 of the Act, it shall, not later than the tenth day of the first month following the date of such trading, report the name of a customer, ENFORCEMENT RULE OF THE FUTURES TRADING ACT

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the contract number, price and time of such trading, etc. to the Financial Services Commission or the Exchange.

(3) A form of a contract for discretionary futures trading, the designation of an account manager, a report on discretionary futures trading, and other detailed matters necessary therefor shall be determined by the Financial Services Commission.

[This Article Newly Inserted by Ordinance of the Ministry of Finance and Economy No. 412, Jan. 27, 2005]

Article 4 Deleted.

Article 5 Deleted.

ADDENDUM

This Rule shall enter into force on the date of its promulgation. ADDENDUM

This Rule shall enter into force on the date of its promulgation. ADDENDUM

This Rule shall enter into force on the date of its promulgation. ADDENDA

Article 1 (Enforcement Date)

This Rule shall enter into force on March 1, 2004. Articles 2 through 4 Omitted.

ADDENDUM

This Rule shall enter into force on the date when the Exchange registers ENFORCEMENT RULE OF THE FUTURES TRADING ACT

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its establishment under Article 11 of the Addenda of the Korea Securities and Futures Exchange Act(Act No. 7112).

ADDENDA

Article 1 (Enforcement Date)

This Rule shall enter into force on the date of its promulgation. Articles 2 though 5 Omitted.