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Electronic Financial Transactions Act — Article 25 (Preparation and alteration of terms and conditions)

전자금융거래법 제25조

(1) When a financial company or an electronic financial business entity intends to prepare or alter the terms and conditions for electronic financial transactions, the entity shall in advance report thereon to the Financial Services Commission; provided, in cases determined by the Financial Services Commission which do not adversely affect the rights, interests or duties of users, a report may be file to the Financial Services Commission within 10 days after the terms and conditions is prepared or altered. <Amended on Feb. 29, 2008; May 22, 2013>

(2) The Financial Services Commission may recommend a financial company or an electronic financial business entity to alter the terms and conditions under paragraph (1) if necessary to maintain orderly electronic financial transactions. <Amended on Feb. 29, 2008; May 22, 2013>

(3) The Financial Services Commission may determine the period and procedures for reporting the preparation or alteration of the terms and conditions under paragraph (1) and other necessary matters. <Amended on Feb. 29, 2008>

(4) Paragraphs (1) through (3) shall not apply to the financial companies defined in subparagraph 3 (c) and (d) of Article 2. <Amended on May 22, 2013>

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