there are adequate measures to manage conflicts of interest; There is no reason to doubt that the management mechanism will be unable to protect the rights of the shareholders or to treat the shareholders
custodial wallet provider, and other provisions related to digital asset business operations. The amendments aim to ensure adequate and appropriate oversight mechanisms for digital asset businesses
acts as the oversight body, is overseen by an independent body. Such an auditor oversight body must operate in the public interest, and have an appropriate membership, an adequate charter of
assistance from the Asian Development Bank as well as invaluable inputs from the Group of Experts (GOE) who were prominent experts in regional capital markets, namely (1) Mr. Jose Isidro Camacho, Vice Chairman
SEC as well. Preparation and disclosure of Form 56-1, although not necessarily be lengthy or extremely detailed, must contain adequate and accurate information in materiality and be made in a timely
be adequate to achieve the financial goals while a variety of investment choices are available, such as investment in good real estate or investment in the capital market with proper understanding
-making. Any entity wishing to operate a digital asset business must obtain an approval from the Minister of Finance and meet the SEC requirements regarding, for example, adequate sources of capital
Finance and meet the SEC requirements regarding, for example, having adequate capital and putting in place measures to appropriately address cybersecurity issues. The approved operator must also conduct
by the SEC . The proposed rules also require that all digital asset business operators have an adequate source of fund, cybersecurity and IT risk management, Know-Your-Customer and Customer-Due