NEWS LETTER 2 0 1 0
182
In accordance with the principles and procedures of the Capital Markets
Board regarding public disclosure, all public disclosures of corporations,
intermediary institutions, funds and independent auditing firms will be
deemed to have been transmitted to the Public Disclosure Platform as of
the execution date of the Communiqué.
Signatories should sign the Undertaking of Certificate Owner annexed
to the Communiqué prior to obtaining the electronic certificate and submit
it to the electronic certificate service provider.
All corporations making an initial public offering and funds applying
to register shares for listing should apply for the electronic certificate.
Obtaining the electronic certificate is mandatory in order to receive a
decision regarding a quotation or listing.
Intermediary institutions and independent auditing firms should also
apply to the electronic certificate service provider in order to obtain the
electronic certificate within 15 days after authorization is given by the
Capital Markets Board.
If it is impossible for corporations, intermediary institutions and
the founders of funds to make notifications electronically to the Public
Disclosure Platform or for independent auditing firms to send notifications
electronically to corporations, intermediary institutions and the founders
of funds, the most efficient delivery method should be used to send
notifications.
Notifications made to the ISE should be transmitted to the Public
Disclosure Platform as soon as possible. If the notifications are made
by a method other than electronic submission even though there is no
impediment to an electronic transmission the relevant persons or legal
entities will be liable.
The existence of any situation which prevents electronic transmission
must be demonstrated by the corporation, intermediary institution, founder
of fund, or independent auditing firm. All information and documents
proving the existence of this unavoidable should be sent to the Capital
Markets Board and the ISE within 3 business days following the occurrence
of the situation.
The purpose of the Communiqué is to inform investors and disclose
all changes and material events regarding capital market instruments in the
fastest and most effective way.