service provider shall not have any characteristic which may cause any ground to believe that there is a defect or inappropriateness in control and proper operation of business. Clause 19 An intermediary
regulations. In this regard, such measures shall at least ensure that a service provider shall not have any characteristic which may cause any ground to believe that there is a defect or inappropriateness in
shares with voting right; (15) a foreign investor of the same characteristic as that of the investor under (1) to (14) mutatis mutandis; “retail client” means a client other than an institutional client
exceeding seventy-five per cent of the shares with voting right; (15) a foreign investor of the same characteristic as that of the investor under (1) to (14) mutatis mutandis; “retail client” means a client
reasonable suspicions, the SEC Office may reject the application: (1) an applicant or an offer for sale of bonds has the characteristic or meets the rules or conditions to obtain an approval according to this
foreign investor of the same characteristic as that of the investor under (1) to (14) mutatis mutandis ; “retail client” means a client other than an institutional client; “inside information” means the
staff member, selling property, plant equipment and assets. In the case where having income from selling such assets, it shall be subtracted from this item in order to identify as a total amount. And if a
order to identify as a total amount. And if a total amount result in gain, it shall demonstrate in the item No. 1.7. In the case where other expenses items has amount from five percent of total expenses
such assets, it shall be subtracted from this item in order to identify as a total amount. And if a total amount result in gain, it shall demonstrate in the item No. 1.7. In the case where other expenses