Section 59: Board to specify terms and conditions

1) In issuing a license to carry on securities business, the Board may specify necessary terms and conditions, having regard to the condition of the capital market, healthy operation of the securities business and interest of investors.

2) It shall be the duty of the company or body having obtained a license to carry on securities business to comply with the terms and conditions specified by the Board pursuant to sub-section (1).

3) The Board may make necessary modifications and alterations in the terms and conditions specified pursuant to sub-section (1), having regard to the condition of the capital market, healthy operation of the securities business and interest of investors.