results based on its audited consolidated financial statements ended 31 December 2017 as follows. Management’s Discussion and Analysis The following Management's Discussion and Analysis should be read in
branch office shall have the following qualifications: (1) having net capital or shareholders’ equity as follows: (a) in case the intermediary is under the regulations concerning net capital 1 , such
intermediary who wishes to establish a domestic or oversea branch office shall have the following qualifications: (1) having net capital or shareholders’ equity as follows: (a) in case the intermediary is under
provisions of the first paragraph shall not apply to the assets or persons as follows: (1) client’s assets which is a mutual fund, private fund or other similar funds managed by a securities company, acting as
and exchange. Clause 4 This Notification shall apply to application for license and issuance of derivatives business licenses as follows: (1) derivatives business license type Sor-1; (2) derivatives
advisory service under the law governing securities and exchange. Clause 4 This Notification shall apply to application for license and issuance of derivatives business licenses as follows: (1) derivatives