local representative of a Hong Kong Covered Fund must be either (1) the entity that has been granted securities licenses from the Ministry of Finance (upon the recommendation from the SEC), as specified

independence, for example the Minister is no longer the ex-officio chair. The Chairmen is now chosen by the Cabinet at the recommendation of the MoF. The SEC Secretary General, its chief executive, is chosen by

; (6) private fund management; (7) other businesses relating to securities as specified by the Minister upon recommendation of the SEC. "securities brokerage" means brokering or representing any person

as specified by the Minister upon recommendation of the SEC. "securities brokerage" means brokering or representing any person in the purchase, sale or exchange of securities in the normal course of

service; (4) securities underwriting; (5) mutual fund management; (6) private fund management; (7) other businesses relating to securities as specified by the Minister upon recommendation of the SEC

as indicated in the table above which is assessed from Discounted Cash Flow method according to the shareholding of NMG in each business. The Board of Directors is of the view that the recommendation

force as from 1 January 2015; (2) the second paragraph of Clause 34 relating to fundamental recommendation regarding the importance of basic asset allocation shall come into force as from 1 April 2016

. Nothing in the Framework constitutes legal, financial, regulatory or other advice or a recommendation with respect to any securities or financial instruments. The Framework does not constitute an offer to

(recommendation/opportunity for improvement) ที่จะช่วยเพิ่มประสิทธิภาพในการบริหารจัดการความเสี่ยงด้าน IT ขององค์กร ซึ่งการไม่ปฏิบัติตามข้อเสนอแนะดังกล่าวไม่ได้ส่งผลกระทบต่อการบรรลุวัตถุประสงค์ด้านการรักษาความ

: ผู ้ตรวจสอบสามารถให้ข ้อเสนอแนะโดยผู ้ตรวจสอบ (recommendation/opportunity for improvement) ที่จะช่วยเพิ่มประสิทธิภาพในการบริหารจัดการความเส่ียงด้าน IT ขององค์กร ซึ่งการไม่ปฏิบัติตาม ข้อเสนอแนะดังกล่าว