Limitations on Market Access Limitations on National Treatment Additional Commitments. All financial services- commercial banks and merchant banks - cont'd) Entry is also permitted through the setting up of representative offices. Representative offices can only undertake research, exchange of information and liaison services. 4) Unbound except for the categories of natural persons referred to under market access. 4) Unbound except the following: (a) Unless otherwise specified, temporary presence of natural persons is offered only in respect of supply through the mode of commercial presence. (b) Two senior managers and five specialists or experts for each bank A senior manager is an individual possessing proprietary knowledge and authority essential to the establishment, control and operation of the services of the financial service supplier. Specialists or experts for each bank for areas relating to: (i) trade financing; (ii) corporate finance; (iii) treasury management; and (iv) information technology. (c) For a representative office, two foreign nationals. Only one foreign national for the two top Sector or Sub-sector Limitations on Market Access Limitations on National Treatment Additional Commitments posts. (d) Entry shall be limited to a maximum period of five years.
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Samples: Korea Asean Agreement, Asean Korea Agreement, Asean Korea Agreement
