Under the amendments, SEC has proposed to lift the limitations on unitholding which bar any person or any associated person from holding investment units in a mutual fund over one third of the total sold units, but asset management companies are still required to disclose information regarding unitholding over the one-third rule to investors and such unitholders are not allowed to exercise their rights of voting for the units they hold beyond the one-third rule. In addition, business opera...
and investment communities duly gave comments.This time, SEC makes eight revised draft notifications in accordance with the proposed principal. Regarding the management of property funds and the
to safeguard investors’ interests. SEC has revised the following five notifications, namely, (1) The draft notification relating to the investment of mutual funds, (2) the draft notification
Delivery of Notifications and Clarification Notes
remaining share will be determined to the existing shareholder who subscribed and paid up by its allotment and be able to over-subscribe to its allotment. WCIH determined the date to subscribed and paid up
Re: Determination of Definitions in Notifications relating to Issuance and Offer for Sale of Debt Securities