Printable Format - Laws and Regulations Securities Underwriter Business |- Licensing / Registered Capital / Fees | - |- Licensing (Section 90) | - |- Activities NOT deem TO be classified AS operating

Printable Format - Laws and Regulations Business Operation Rules |- Net Liquid Capital Rule (Section 97) |- Executives / Personnel | - |- Approval & Qualifications (Section 103, 104) |- Major

to be more consistent with other regulations. This includes the revision to the definitions of private equity trust and venture capital business in line with the digital token offering rules, and the

Microsoft Word - S_2019_GRC-02_025_S43 Share Acquisition_EN Page 1 – Translation – GRC-02/2019/025 11 December 2019 Subject: Report of the Asset Acquisition To: President The Stock Exchange of

regulations on ETFs, with which most of the respondents’ expressed opinions are in agreement.The SEC has therefore issued the amended notifications on the ETFs with the salient features as follows: 1. Allowing