) ​ The Department of Business Development, Ministry of Commerce The Revenue Department, Ministry of Finance International Federation of Accountants International Forum of Independent Audit Regulators

Commerce; (5) any relevant document specified by the SEC and published in the Government Gazette; Clause 4  When the SEC receives of the application in accordance with Clause 3 and is of the view that the

recent certificate of company registration issued by the partnership and company registrar, the Ministry of Commerce; (5) any relevant document specified by the SEC and published in the Government Gazette

) specified by the regulation. ​ Net Capital Rule (NCR)​ ​ The SEC applies the  " net capital rule  ( NCR )"  approach, where securities and derivatives businesses are required to maintain  “ net capital  ( NC