competitiveness and efficiency in line with international standards, and introduce a fundamental mechanism for retirement savings and investment choices that support good quality of life after retirement.? The
depositories shall establish clear written regulations on good governance, with approval of their board of directors. Regulations under Paragraph 1 shall promote the integrity and efficiency of the securities
) shall together select another arbitrator to be the chairman of the arbitrator panel. If the respondent refuses to have three arbitrators or the respondent does not show his intention whether or not to
arbitrator panel. If the respondent refuses to have three arbitrators or the respondent does not show his intention whether or not to have three arbitrators within the specified period of time, it shall be