resolution and the order shall state clear reason therefor. 6 If the office of the Chairman or a commissioner is vacated prior to expiration of the term of office, the Cabinet may appoint another person to
person’s names, or avoids using his own name to open an account or process the transaction; (2) the client insists to open several accounts of the same type for no apparent reason, which might indicate an
conduct transactions under other person’s names, or avoids using his own name to open an account or process the transaction; (2) the client insists to open several accounts of the same type for no apparent
the same type for no apparent reason, which might indicate an intention to create misleading appearance that the trades are done by many investors; (3) the client is reluctant to meet in person (face-to
auditor rotation requirements into account, it is evident that the audit firm should establish at least four partners or equivalent to meet the rotation requirements within the firm. Statistic as at 31
person with proportion or characteristics as specified by the SEC; (2) have honest executives as apparent from working records, who are capable and have experiences beneficial to business operation; (3
of inter - dealer brokerage shall- (1) not have shareholder or controlling person with proportion or characteristics as specified by the SEC; (2) have honest executives as apparent from working records
Clause 6 In case where the facts become apparent that the SEC Office discovers any of the following suspicious circumstances, the SEC Office may not grant approval for the offer for sale of securities
become apparent, that an investment scam or fraud has taken place. • Recognises that “low risk, high return” investments do not exist.
appointed as the debenture holder’s representative by the company. Clause 4/35 In cases in which any of the following grounds for suspicion become apparent to the SEC Office, the SEC Office may give an