Positively related Subjective (as future volatility cannot be known) Risk-free rate (r) Positively related Negatively related Low impact on option price *The put value may increase as the option approaches

engagement/client’s relationship: · discussing with the appropriate level of client’s management /those charged with governance the appropriate action the firm may take; · if the firm determines that it is

has not only provided the SEC In January 2012, the SEC participated in the AARG Inspection Workshop 1 at Singapore. In May 2012, the SEC participated in AARG meeting at Malaysia. In December 2012, the

access to ensure their inclusivity. Ladies and Gentlemen, I would like to touch upon four areas that may be of your interest. First, on technologies. The advancement of technology and digital assets have

fund management. In case where it is necessary and expedient, the Minister upon the SEC’s recommendation may give the licensee a waiver to undertake otherwise. Clause 12 Fees shall be prescribed as

firm to continue the engagement; • discussing with the appropriate level of client’s management /those charged with governance the appropriate action the firm may take; • if the firm determines that it

. The SEC Office may consider disclosing such information in compliance with the authority and responsibilities or as required by the provisions of law; 10. The Applicant shall strictly comply with the

. The SEC Office’s Personal Data Protection Policy requires that the Applicant’s information be kept confidential. The SEC Office may consider disclosing such information in compliance with the authority

role of the chairman of the board should be clearly defined. If the persons acting as the chairman and the chief executive officer are the same or connected, the board may appoint a designated

to grant proxy, the right to attend shareholders’ meetings, the right to make decisions on material transactions that may affect the company, e.g., capital increases and   entire or partial merger and