securities business operating or derivatives business to intermediaries . Clause 8 Intermediaries shall carry out the following tasks at least once each year: (1) Testing and reviewing of business continuity
continue to provide the critical functions in such event of disruption. Clause 9. A securities company shall carry out the followings task at least once each year: (1) Testing and reviewing of the business
the followings task at least once each year: (1) Testing and reviewing of the business continuity plan under Clause 6; (2) Evaluation of the test results under (1) and preparation of the test evaluation
followings task at least once each year: (1) Testing and reviewing of the business continuity plan under Clause 6; (2) Evaluation of the test results under (1) and preparation of the test evaluation report by
standards of business operation; (4) having efficient system of operational control for examining and counterbalancing [the personnel’s performance]; (5) having efficient internal audit and control system; (6
companies under Clause 3(2) or (7), preparing a summary of type of auditor’s report on auditing or reviewing financial statements, as the case may be, as per Form 61-4 provided on the website of the SEC
the amendments under (2) and (3) will take effect on 1 April 2024, and the amendment under (4) is expected to take effect from 1 March 2024*.Additionally, the SEC is reviewing relevant regulations to
September 2024. The rectifications cover the followings: (1) Revising the account opening and KYC system, assessing the suitability of clients’ investments in digital assets, and reviewing and updating
. In considering the application under Clause 5, the SEC Office, in addition to reviewing the application and the supplementary documents, shall be authorized to instruct the applicant to provide