The SEC Board has approved the principles for amending the regulations concerning ICO portals to allow the outsourcing of all system operations related to ICO portals, including certain due diligence tasks. This aims to increase flexibility and business efficiency, as well as to promote the roles of securities business operators (traditional players), thereby strengthening and enhancing the ecosystem. This will help investors access investment tokens more widely and provide businesses with more...
Printable Format - Laws and Regulations TSFC/IDB |- Securities Financing (section 4)
Risk Management to Prevent the Use of Securities Business for Money Laundering and Financing of Terrorism
, the proposed amendments to the prohibited characteristics of major shareholders to provide greater clarity and to better reflect current risk developments. Key aspects include expanding the scope of
funds that will help increase liquidity and allow debt issuers affected by the COVID-19 pandemic to continue their business operation (bridge financing). This in turn will increase liquidity and
characteristics to other existing debt securities, except for their core objective of financing projects that contribute to environmental conservation and/or social development. These products therefore are not
securities business for money laundering and financing of terrorism as prescribed by the Notification of the Office of the Securities and Exchange commission regarding Rules, Conditions and Procedures for
head office; (b) operating system to prevent the use of securities business for money laundering and financing of terrorism as prescribed by the Notification of the Office of the Securities and Exchange