fundraising procedures and disparity of investment in each market. Along the way, we entered into mutual recognition agreements with regional peers, for example, the Memoranda of Understanding (MOU) on

Institutional Investors, Major Investors or High Net Worth Investors, or Services related to Securities Having High Risks or Complexity dated 15 February 2013; (36) The Notification of the Capital Market

period of 5 years before filing an application for approval.  In this regard, such businesses shall involve a quantity and complexity of transactions that are sufficient for demonstrating knowledge and

nature and complexity through appropriate training and participation; • understanding of professional standards and applicable legal and regulatory requirements; • technical knowledge and expertise

management that should be applied by each intermediary and for determining a clear detail of practical approaches suitable for size and complexity of business operation of companies. In addition, the

clear detail of practical approaches suitable for size and complexity of business operation of companies. In addition, the intermediaries should study standards and practice guidelines for business

2015 was published in the Government Gazette on 25 June 2015. 8 Diagram showing infrastructure funds’ risk levels and a summary of important risk factors Low risks/complexity High risks/complexity Money

deficiencies effectively because they took on audit engagements in excessive quantity and complexity beyond the capability of experienced personnel to perform quality audit work in accordance with the

individual's understanding of the entity's industry and relevant experience for engagements of similar nature and complexity before assigning them as an EQr to an engagement? - How does the firm consider the

the number of issues, the complexity and the materiality of such found issues. 89 days The SEC Office (Unofficial Translation) 3 Step Work flow Period Responsible agency Remark: This step is not