and concrete direction for moving the whole ecosystem involving issuers, investors, disclosure of information, development of indices, capacity building, and inter-agency coordination. The forum
whole or in part, to manage the business of the securities company only with the approval from the Office. In cases where it later appears that the persons under the first paragraph have the prohibited
decisions of investors. The board of directors responsible for company management must expedite the process to ensure the best interests of the company and its shareholders as a whole. The SEC has therefore
an offense by making ADAM dishonestly purchased the whole ordinary shares of Kitha Properties Company Limited (“Kitha”) in 2014 resulting in Kitha becoming a subsidiary of ADAM with an incentive to
making ADAM dishonestly purchased the whole ordinary shares of Kitha in 2014 resulting in Kitha becoming a subsidiary of ADAM with an incentive to launder money causing damages to ADAM even though it was
creation of values for investors, businesses and the society as a whole.?In view of the above, the SEC has launched a regulatory reform project to review and streamline regulations currently in use. Experts
acts as the oversight body, is overseen by an independent body. Such an auditor oversight body must operate in the public interest, and have an appropriate membership, an adequate charter of
overseen by experts, all aimed at creating an illusion of trustworthiness. In addition, the SEC continues to prevent investment scams in various manners, as follows: (1) Posting on the
will be developed to support the whole process of trading products in the capital market from the issuance, offering, trade to clearing and settlement of securities as well as enhance the efficiency of