and correctly. Also, the report of evaluation shall be reported to the Board or the assigned working group periodically as deemed appropriate. The evaluator as such may be insiders or outsiders of
supervisor to the investors and the general public by a method that sufficiently allows the investors and the general public to be continuously aware of information at every particular period as appropriate to
appropriate to the circumstances. 3 The evaluation of performance and the calculation of the net asset value of each fund shall conform to the recognized academic principles or international standards as
analyze securities investment; “investment advice” means any direct or indirect advice made related to the value of securities or appropriate of investment in such securities or any other securities
investor contact who cannot analyze securities investment; “investment advice”3 means any direct or indirect advice made related to the value of securities or appropriate of investment in such securities or
means any direct or indirect advice made related to the value of securities or appropriate of investment in such securities or any other securities; “securities investment analysis”4 means an analysis on
information technologies in securities business. Clause 5. The policies and procedures mentioned in Clause 4. must be regularly reviewed within the timeframe deemed appropriate by the securities company. Clause
. Clause 5. The policies and procedures mentioned in Clause 4. must be regularly reviewed within the timeframe deemed appropriate by the securities company. Clause 6. Securities company must designate an