businesses in the categories of digital asset exchange, broker and dealer. This is to ensure consistency with the rules governing digital asset operators not engaging in securities or derivatives business
In 2018, the SEC issued regulations governing the management and storage of data related to digital asset business operations. It is now deemed appropriate to amend the regulations to ensure
through paperwork services and collection of contributions for the provident funds; 2. revising the PVD Act to enhance member protection, fair treatment and transparency: to ensure the
August 2023, whereby most respondents agreed and gave suggestions on matters such as determination of qualifications of the association applying for approval to ensure that the association has knowledge
In July 2024, the SEC conducted a hearing to gather comments from the public and stakeholders on the draft amendments to ensure that the services provided by digital asset business operators
the capital market and the digital asset market, aiming to ensure effective, swift, and thorough law enforcement. This process also serves to prevent and mitigate potential harm to the public and
use of a client’s assets, fiat money and digital assets for the benefit of another client or any other persons shall be prohibited and clients’ assets shall be reconciled every business day to ensure
to ensure economy of scale for such investment management. In addition, asset management companies view that the existing rules that allow management of mutual funds through investment in other
definition which is in line with what is stated in the aforesaid new rule. This is to ensure suitability and consistency with the investor’s qualifications and ability to accept associated risks. The
compromise business opportunities.The SEC is therefore proposing to amend the IPO regulations by clarifying the issuer’s qualification of non-involvement in an illegal business to ensure clarity and