trustee account; ensure that the units are not allocated to investors who are not high net-worth, in case of offer for sale solely to high net-worth investors; oversee to prevent the trust from becoming a
high net-worth, in case of offer for sale solely to high net-worth investors; oversee to prevent the trust from becoming a private trust; perform duties as required by laws and provisions set out in the
Re: Determination of the Definitions of Institutional Investor, Ultra-high Net Worth Investor and High Net Worth Investor
company, (2) Be under the supervision of high-level management, (3) Have knowledge, ability and readiness to undertake the duty, and (4) Execute the duty by taking into consideration the benefits of
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under its responsibility Ensure that units offered for sale exclusively for high net worth investors are not allocated to retail investors Oversee to ensure that the trust is not becoming a private trust
qualifying requirement in the contest this year. Additionally, the SEC will grant the winner an Excellent PVD plaque, which is a reward for the provident fund with high development in technology that reached
interest of our members. Principle 3: Oversee asset managers to make informed investment decisions and engage in active ongoing monitoring of investee companies. Investment decisions should take into account
internal control system helps to prevent and deter frauds. However, emerging frauds that cause considerable damage usually involve malfeasances committed by high-ranking executives. Therefore, independent
oversee the auditors of PIEs, protect investors? interest and promote confidence in the quality and reliability of audited financial statements of PIEs. As at 31 May 2015, a total of 306 individual auditors