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performance to prove that the fund manager’s responsibilities for overseeing and managing the fund as required, This is not in accordance with the work system that notifies the office before requesting to start
recent times, the SEC has streamlined the internal processes for greater efficiency and speed, resulting in tangible results. Since the beginning of this year, legal actions have been enforced in 15 cases
of beginning business operation instead of the date of approval, as previously required. In addition, SEC has specified that the ICO portals must show that they have efficient IT systems and
must declare its intention to appoint debtholders’ representative since the beginning process that it applies for approval of debenture issuance to SEC because the appointment during the tenure of such