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mutual funds under management of the same asset management company only up to two tiers for general mutual funds may not be flexible enough. The SEC has therefore revised the governing rules in this
(2018-2037). In this regard, the SEC has revised the SMEs share offering rules to provide SMEs with wider choices of fundraising channels, including share offering to the issuer’s group of companies
, nevertheless, make an opt-in request to do the suitability test for evaluation of their portfolio investments and transactions. The revised regulations will be effective as from April 1, 2014 (for details of the