Article 99Rules of Conduct of a Defined Contribution Pension Operational Management Institution

①A defined contribution pension operational management institution must observe laws and regulations, dispositions made by the competent ministers based on laws and regulations, and the operational management contract, and loyally perform its duties in the interest of the participants or instructors.

②When a defined contribution pension operational management institution keeps or uses personal information of a participant or instructor, such as the name, address, date of birth, and the amount of assets managed per individual relating to the participant or instructor, in connection to services relating to implementation of a corporate-type pension plan or an individual-type pension plan as entrusted under the provisions of Article 7, paragraph (1) or Article 60, paragraph (1) or as re-entrusted under the provisions of Article 7, paragraph (2) or Article 60, paragraph (3), the institution must keep or use that personal information within the scope necessary for performing those services; provided, however, that this does not apply if the person's consent has been obtained or if there are other justifiable grounds.