If the organization concerned is a juristic person, the responsible person shall be jointly and severally liable for repayment of the relevant obligations.

Article 8 a membership stock exchange shall file with the district court for the juristic person registration within thirty days after receiving the notice of permission issued by the Commission.

"The policy to change the TTM into a juristic person is not a privatisation, but a restructuring of the organisation aimed at improving flexibility and reducing obstacles to operations," she said.