be revised to better reflect risks associated with both direct and indirect investment. The consultation paper is available until January 31, 2014. The consultation paper is available on the SEC

sustainable development of the securities issuers.  In this connection, the annual registration statement (Form 56-1) and annual reports (form 56-2) will be revised with the aim of clarifying the information

revised. In addition, the proposed revisions also cover some items under the capital requirement calculation; for example, account receivables of cash balance account, big lot transaction, foreign currency

operating system with a view to applying the same and consistent standards to all types of business operators. In addition, the rules will be revised to be more appropriate. The consultation paper is

in the financial statements reporting forms to reduce burdens and costs of securities companies that are non-public accountable entities (NPAE).In addition, the revised reporting forms would comply

materiality. TRIS informed RML that TRIS downgraded the RML credit rating to "BB+" (Double B Plus) from "BBB-" (Triple B Minus) and the rating outlook is revised to "Negative" from

securities which come with high application fees and do not answer the need of business operators who wish to provide specific services. The SEC has therefore revised the Ministerial Regulation on Securities

commercial banks as parent companies.Therefore, SEC has revised such regulations and guidelines for the investment management business operators to administer their investment with the best interests of the

SEC has revised regulations regarding outsourcing, to provide more opportunities for business operators, such as, securities business providers, asset management companies, and derivatives business

accordingly. The revised rules on the rotation of auditors specify that the auditors of a listed company must be rotated off after 7 cumulative years of service and must serve a cooling-off period for 5