whole or in part, to manage the business of the securities company only with the approval from the Office. In cases where it later appears that the persons under the first paragraph have the prohibited
(5)) |- Proprietary Trading |- Other Business Undertaken by Securities Companies |- Advertising (section 98(10)) |- Statutory Disqualifications for Management (section 103) |- Management Approval and
securities firms or derivatives business operators can be done without the SEC?s approval but will be allowed to the extent that it is deemed necessary to increase business efficiency. Importantly, outsourcing
December 2019, SEC will not accept his future application for approval as personnel in the capital market business for three months and 22 days, starting from 6 March 2020; (3) Suspending
business operators from responsibility in the outsourced activities.The business operators will be allowed to outsource the activities to any other business operators without seeking for the SEC approval but
File Description 1 Approval of securities licenses, derivatives licenses trustee license and digital asset license Quarter 4/2024 2 Activation of securities business, derivatives business trustee
approval term, considering the graduation year, in either one of the following fields: (i) Business administration, finance, accounting or economics; (ii) Any field with at least half of the curriculum
calendar years prior to expiration of approval term, considering the graduation year, in either one of the following fields: (i) Business administration, finance, accounting or economics; (ii) Any field with
institutions accepted by the Office during the past two calendar years prior to expiration of approval term, considering the graduation year, in either one of the following fields: (i) Business administration
Office of the Securities and Exchange Commission Notification Re: Approval of Auditors of Securities Companies and Finance and Securities Companies No. OrThor/Nor. 7/2541 _____________ Section 106 of the