and suitability of ICO portal supervision.The SEC will draft amendments regarding the above matters to gather feedback from stakeholders before issuing notifications of the amendments for enforcement in
majority expressing agreement with the principles and the proposed amendments. The SEC has therefore issued notifications concerning the amendments to the regulatory framework for ready-to-use utility tokens
and taking into consideration the comments and recommendations of business operators and the general public, the SEC is now seeking public comments on two notifications concerning the proposed
asset management companies. Both notifications are to be published in the Royal Gazette.“Asset management companies wishing to establish these SSFs can submit draft applications to SEC consideration in
securities and derivatives business operators. The revisions will provide a compilation of rules presently specified in a number of notifications for more clarity and appropriateness. According to the proposed
published in the Government Gazette and will take effect from 1 April 2026 onward. Notes: * Two relevant notifications are: 1. Notification of the Office of the Securities and Exchange Commission No
qualifications and does not have prohibited characteristics pursuant to the law governing derivatives and notifications issued by virtue of the said law. The letter of certification shall be signed by the person
Businesses . In order to adhere to the principles, the intermediary shall comply with this Notification. In this regard, where the rules, under this Notification or under other Notifications of Capital Market
to adhere to the principles, the intermediary shall comply with this Notification. In this regard, where the rules, under this Notification or under other Notifications of Capital Market Supervisory