with the transitional provisions, are allowed to operate their digital asset businesses.Five of them are seeking licenses to operate as digital asset exchanges:(1) Bitcoin Co., Ltd. (BX / website

significant rise to the world’s 3rd highest rank with 86 scores, from No. 15 with 75 scores in the preceding year. Such development was a result of the improvement in the Ease of Shareholder Suits Index

Determination regarding Types of Transactions in Capital Market Allowed to Use Form of Trust (No. 3)

Determination regarding Types of Transaction in the Capital Market Allowed to Use Form of Trust (No.2)

.?Business operators will be allowed to outsource activities, for instance, risk management, internal audit and control, information technology management, etc. Some important or expertise activities, will be

company is allowed to advertise, except for the advertising made pursuant to Chapter 2 which must be approved by the Office prior to distribution. (UNOFFICIAL TRANSLATION) 3 Clause 5. To advertise, in any

of the Securities and Exchange Commission. Chapter 1 General Rules ------------------ Clause 4. The securities company is allowed to advertise, except for the advertising made pursuant to Chapter 2

company is allowed to advertise, except for the advertising made pursuant to Chapter 2 which must be approved by the Office prior to distribution. Clause 5. To advertise, in any cases, the securities

efficiency of business operations.  The consultation paper is available until April 4, 2013.Business operators,  securities  and derivatives businesses,  will be allowed to outsource activities directly

allowed to develop its own suitability test and may attach it with securities subscription form to give client adequate time for appraisal of risk appetite. In case of existing client who has done the