) dated 7 December 2010. Clause 3 This Notification shall be applicable to the establishing of any intermediary’s branch office, excluding the branch office of [an intermediary which is] financial
, excluding the branch office of [an intermediary which is] financial institutions established under other laws. Clause 4 In this Notification: “intermediary” means a securities company and a derivatives
Derivatives Broker (No. 2) dated 7 December 2010. Clause 3 This Notification shall be applicable to the establishing of any intermediary’s branch office, excluding the branch office of [an intermediary which is
the following qualifications: (1) being a state enterprise, excluding state-owned financial institution, under the law on budgeting procedures . In case of such state enterprise established in the form
, excluding state-owned financial institution, under the law on budgeting procedures 5 . In case of such state enterprise established in the form of company, its shares shall be directly held by the Ministry of
) excluding provident funds. Clause 15/2 The following provisions shall apply to any transaction for a property fund with a connected person which fully meets the following requirements: (1) being an additional
to clients; (3) mutual fund management excluding foreign investment funds; (4) private fund management; (5) securities borrowing and lending; (6) financing securities business; (7) derivatives