Operating Business as Securities Clearing House, Securities Depository and Securities Registrar under the Innovation Development Program to Support Provision of Capital Market Services [regulatory sandbox
a result of unearned revenue from initial franchise fee received in advance. (The unearned franchise revenue will be recognized as revenue over the 5-year period) and the increase in the provision for
unearned franchise revenue will be recognized as revenue over the 5-year period) and the increase in the provision for long- term employee benefits and the provision for decommissioning. (Note: Unearned
derivatives broker in the first paragraph, derivatives broker shall trade in derivatives only with institutional investor counter party. Clause 4. The provision of Clause 12 only with respect to an arrangement
derivatives only with institutional investor counter party. Clause 4. 3 4 The provision of Clause 12 only with respect to an arrangement to have personnel responsible for soliciting, or giving advice related to
derivatives only with institutional investor counter party. Clause 4.3 4 The provision of Clause 12 only with respect to an arrangement to have personnel responsible for soliciting, or giving advice related to
derivatives exchange [OTC derivatives], the derivatives broker shall provide such services to Institutional investors only, in which case the provision of Clause 17 and Clause 19 shall not apply. In providing
exchange [OTC derivatives], the derivatives broker shall provide such services to Institutional investors only, in which case the provision of Clause 17 and Clause 19 shall not apply. In providing the
administrative expenses in Q4’17 (e.g. provision for Kenya court case, expenses related to company’s reorganization). Selling and distribution expenses declined by -1.2% YoY as well as slightly lower advertising