company and shall be terminated once such person no longer performs such duty or holds such position. Clause 4. Any applicant seeking an approval to act as a mutual fund manager shall not possess any of the
such company; (11) “major shareholder” means any shareholder or beneficial owner of shares who holds more than ten percent of the total number of shares with voting right of the applicant. For the
percent of total number of shares with voting right of such company; (11) “major shareholder” means any shareholder or beneficial owner of shares who holds more than ten percent of the total number of
(2) and Clause 13 (3); (2) the appointee shall be a permanent employee of the management company and able to work full-time for the management company except that such person holds the position of
except that such person holds the position of director of the management company; (3) the appointee shall not hold any other position in the management company except where such position has either of the
Execution of Agreements for Private Fund Management ; (7) “ major shareholder ” means a person directly or indirectly holds shares of a juristic person exceeding 10% of the total number of voting rights of
Execution of Agreements for Private Fund Management; (7) “major shareholder” means a person directly or indirectly holds shares of a juristic person exceeding 10% of the total number of voting rights of such