are merged together; (8) “mutual fund amalgamation” means amalgamation of two mutual funds or more into one mutual fund in which the mutual fund which accepts the transfer of assets purchases or accepts

applicant for obtaining an approval as a personnel in the capital market business, the SEC Office shall reject the application for obtaining the approval thereof. Clause 33 In case a person obtaining an

, the SEC Office shall reject the application for obtaining the approval thereof. Clause 33 In case a person obtaining an approval from the SEC Office to be personnel in the capital market business and