alternative assets such as gold mutual funds and investment in derivatives other than hedging purpose, management companies may choose to control the permissible investment proportion at individual level. In

small units such as individual houses or condominium units.4. Asset appraisal must be made by an asset appraiser determined by SEC.In addition, SEC has improved the flexibility for a smart contract

. Those cross-border issuers will be subject to a common set of disclosure requirements based on the IOSCO standards, with additional disclosure (Plus Standards) as required by individual jurisdictions

auditor rotation, aiming to enable the audit committee to appoint an independent individual to be its auditor and promote the auditors to truly maintain their independence.

interconnected data center due to unconnected data systems of individual bond registrars. Such issues have caused delay and inefficiency in the bond issuance process. The real-time, live testing under the

editor of this publication accept no responsibility for loss occasioned by any person acting or refraining from action as a result of any views expressed in these pages. No one should act upon such

a money borrowing; “connected person” means any individual or juristic person having one of the following relationships with the director, executive, major shareholder or controlling person of a

arising, whether directly or indirectly, whether in contract, tort or otherwise from any action or decision taken (or not taken) as a result of any person relying on or otherwise using this document or

Company and its subsidiaries and related parties of the Company and its subsidiaries as from 31 December 2016 to 31 December 2017 can be summarized as follows: Individual / Juristic Person Who May Have

transaction Shareholders Before the transaction After the transaction Percentage Percentage A founding shareholder 71.37 67.71 Oventure Pte. Ltd. 22.00 26.00 Other six individual shareholders 6.63 6.29 Total