| - |- Approval & Qualifications (Section 25) |- Business Conduct (Section 18) | - |- Licensed Companies | - |- Registered Companies | - |- Know Your Clients | - |- Risk Disclosure | - |- Books & Records
rules, conditions and procedures as specified in the notification of the Capital Market Supervisory Board by failing to put in place sufficient and effective exhaustively comprehensive risk management
accordance with average risk exposure over any accounting year, instead of amounts invested in the assets; 5. Fund of funds (FOFs): FOFs must have an average risk exposure of no less than 80% of NAV in
SEC requests that business operators implement the BCP that must cover key work systems, including the trading system, the risk control system in compliance with the Net Capital Rules and the
the Market and Organizational Risk Department, the Strategy and International Affairs Department, and the Research and Data Department, effective from 1 January 2024. Having joined the SEC since 1997
regulations for the matter. To ensure that sophisticated, diversified investments of high risk potential are managed carefully, the upcoming regulations will require that private fund management companies
market efficiency, fairness, transparency, and accountability by focusing on market confidence, reduction of systemic risk, and investor protection. Focuses of each area are as follows: Equity