exchange, as the case may be, which are in a list of asset that an investor would be able to exchange with ETF units according to the requirements of such ETF. “exchanging in-kind” means entering into the
with ETF units according to the requirements of such ETF. “exchanging in-kind” means entering into the following transactions with a management company or the issuer of ETF units, as the case may be: (1
business under the first paragraph does not include the lending of money for purchasing, selling or exchanging securities in the course of securities brokerage or securities dealing business or the purchase
for trading or exchanging of securities with a securities company or a foreign financial institution which is permitted to provide services of such transactions under the law of the country where such
2018. This was a result of a decline in merchandise exports owing to the economic slowdown of trading partners affected by trade protectionism and the impact of structural changes in the manufacturing
economic slowdown in key trading partners, the tensions on trade protectionism policies. Tourism sector slowed down mainly from the decreased in Chinese and European tourist figures. However, the number of
weaker global demand as a result of slower growth in the number of major trading counterparties, the trade war between US and China, and a decreased global crude oil prices. However, the tourism sector