for approval under the first paragraph, if the securities company has submitted the content of the advertisement for the Office’s consideration and the Office does not make an objection within five

the securities company has submitted the content of the advertisement for the Office’s consideration and the Office does not make an objection within five business days from the date on which it

an action performed in a fair manner and sufficiently disclosed to the unitholders in advance, and the acknowledging unitholders have not expressed an objection; (4) provision that in the case that the

obtain prior approval in accordance with Clause 19. In cases where the securities company has submitted the contents of an advertisement to the Office, and the Office does not make an objection within five

does not make an objection within five business days from the date on which it receives such information, it shall be deemed that the securities company has obtained approval from the Office to make such

investment advisory company shall give a prior notice in writing to the Office. Unless the Office gives an objection in writing within fifteen days from the date of receiving the notice, the investment

and unambiguous to avoid future disagreement as to whether a SPT has been met. 3-7 Can a third party ESG rating serve as KPI for a SLB? In principle, an issuer’s ESG rating as provided by an external

Disagreement of investors about high-risk stocks leads to overpricing in the presence of short sales constraints Size Low profitability leads to high distress risk and downside risk. Low liquidity and high cost

, the objection thereof shall be done concurrently with the seeking of resolution. In the case where more than one fourth of the outstanding unitholders express a clear objection in accordance with the

writing and if the Office has no objection in writing within fifteen days as from the next following date after the Office has been notified, such fund supervisor can then make such changes. In cases where