SEC has amended the procedure to make it easier for asset management companies to seek a unitholders’ resolution to revise or modify a mutual fund project and its management procedure by
Registration of Pool of Assets as Mutual Fund and Amendment to Registered Particular (No. 2)
been a change in the necessary circumstances as provided in the first paragraph, the Minister upon the recommendation of the SEC may modify or change the conditions already specified.
based on existing key principles aiming to ensure that (i) retail fund?s investment units will be allocated to general investors; (ii) retail fund will not be used to seek undue benefit for any particular
particular category of securities business, except for a security company operating securities business in the category of securities dealing or securities underwriting or operating securities business in any
investors.In addition, the SEC asked asset management company to develop mutual funds to serve demand for savings and tailored for particular groups of investors, for instance (i) mutual funds for savings
, and infrastructure funds. The proposed issues concern seeking the unitholders? resolution that either impacts all classes or a particular class of investment units; counting votes of persons or group
Secretary of the Securities and Exchange Commission The company clarify cause and reason if relative performance of a particular company varies more than 20% compared to previous year; we hereby explain our