statements that are not historical facts. These statements can be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “anticipate”, “intend”, “estimate”, “continue” “plan” or
declining to clients . Clause 12 A securities company shall not mislead its counterparty regarding material facts of securities trading by refraining from disclosure of information, distortion of information
12 A securities company shall not mislead its counterparty regarding material facts of securities trading by refraining from disclosure of information, distortion of information, or giving false
responsible person for operating such branch. Clause 13 In case there are certain facts that a branch manager or a responsible person for operating a branch office has [i] failed to comply with Clause 12, [ii
22 of the Notification on Standard Conduct of Business, the intermediary shall provide evidentiary documentation that demonstrates facts representing such reasonable ground for entering into such
supervisory rules in effect at the time or to ensure the interest of investor protection, if any of the following facts becomes apparent, the SEC Office shall have the power to order the mutual fund management
management company within a reasonable period. In this regard, such information must be accurate and up-to-date, present neither misleading, distorted facts, nor material content that differs from such