that possesses the characteristics of an investment company. The amended regulations in this matter have been published in the Government Gazette and have taken effect as from 1 January 2024
). However, such exemption shall apply to only one applicant for each management company and shall be terminated once such person no longer performs such duty or holds such position. Clause 4. Any applicant
company and shall be terminated once such person no longer performs such duty or holds such position. Clause 4. Any applicant seeking an approval to act as a mutual fund manager shall not possess any of the
securities trading account. This constitutes an offense of purchasing securities as a person who knows or possesses inside information under Section 242(1), in conjunction with Section 244(2) and (5), and is
qualifications or possesses the prohibited characteristics as prescribed in Clause 12. In case such persons possess the prohibited characteristics after an approval is granted, such approval shall be terminated in
upon occurrence of any of the following circumstances: (1) when such persons no longer have the qualifications or possesses the prohibited characteristics as prescribed in Clause 12. In case such persons
capital market business shall be terminated upon occurrence of any of the following circumstances: (1) when such persons no longer have the qualifications or possesses the prohibited characteristics as
persons no longer have the qualifications or possesses the prohibited characteristics as prescribed in Clause 12. In case such persons possess the prohibited characteristics after an approval is granted
executive of a securities company possesses any prohibited characteristic, the Office shall proceed in accordance with the rules and procedures specified in the Notification of the Securities and Exchange