composition to ensure efficient check and balance, but the SEC has decided to impose only the one-third requirement to avoid too much burden on listed firms. Most of the firms have already met the requirement

procedure to replace the performance of the audit committee because there is less possibility of damage to the customers and requirement of the audit committee may cause unnecessary burden on the business

. Suggestions will be considered to improve the rules so that they do not impose burden on issuers in practice. For example, scripts may be submitted for SEC’s approval instead of audiovisual clips

, default of debt repayment at an amount exceeding 5 percent of the total assets, and changes to the major shareholders’ structure. To ensure that the proposed rules would not impose an excessive burden to

1,500,000.- to the balance of HKD 500,000.- to Bangkok Bank Plc. (Hong Kong branch) (5) Purpose of transaction : To reduce the burden of company guarantee (6) Transaction details Company requesting guarantee

are underestimated and (3) familiarity bias: making decision based on familiarity such as investing in the firm for which the investor is working. As the regulator, the SEC has put more weight on

last year. ?We are planning to lend more weight on quality improvement of our volunteers and in-depth data analysis. Work systems to accommodate such operations are being developed to ensure timely

complete, transparent, and timely IPO information for investors’ informed decision-making, the SEC aims to promote more timely information  disclosure without imposing an undue burden on the issuer. The SEC

developed such as One For All Reporting System (OFAR) to reduce documentation burden for those making contact with the SEC and shorten the period for processing and disseminating information to the

abolished or revised to lessen burden on people. By doing so, methods used must be done with speed, transparency, low costs with participation of all related parties.