financial products. To be eligible, those juristic persons must meet certain requirements, including (1) not being commercial banks, life insurers or securities companies which are already qualified for LBDU
products have comparable characteristics. However, certain stipulations are different. For example, unlike conventional bonds, juristic persons established under specific laws will be allowed to issue Sukuk
other agencies? consideration results and (3) discretion needed on certain facts relating to inappropriate characteristics, on a case-by-case basis. The draft rules also specify methods and procedures for
came into force last year, the Capital Market Supervisory Board (CMSB) assumed from the SEC Board the responsibility to issue rules and regulations governing capital market operator in their certain
management company is subject to disclose and update information and correct the proportion in a certain period. It is prohibited from distributing dividends and counting votes in the excess portion.The draft
newly established holding company, which owns subsidiary with a certain period of time in business operation, to use a pro forma annual consolidated financial statement prepared as if the holding company
, certain shareholders may have the number of voting share more or less than the number of voting rights, which may be contrary to the major shareholder oversight principle that aims to supervise the actual
business providers, for the investors to receive quality service up to standard.Furthermore, the regulations would stipulate certain requirements from business providers which are that they must have