misconducted profiles from public fundraising. In the former rules, any misconducts found during PO submissions such as forged accounting, issuer would only subject to disapproval, while, the recent revised

years, while the existing rotation period was 5 years and the existing cooling-off period was 2 years. The revision will be effective from 1 January 2019”. To mitigate impacts at the initial phase of

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prescribed thereunder by SEC Board, CMSB or SEC Office; or           (2)  Rules that get insignificant revision while maintaining the original essence such as reclassification of subject matter or correcting

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