Fund Approval and Management System (“OFAM”). In addition, the amendment would expand channels for announcement of dividend payment such as websites of asset management companies. The paperless
. Study international supervisory measures and standards 3. Conduct regulatory impact assessment: Analyze the pros and cons and the costs of compliance 4. Seek approval for the measure from SEC Board
. Suggestions will be considered to improve the rules so that they do not impose burden on issuers in practice. For example, scripts may be submitted for SEC’s approval instead of audiovisual clips
complaints, as detailed in Chapter 8; (8) approval of rules or regulations, as detailed in Chapter 9; (9) preparation and disclosure of financial statements, as detailed in Chapter 10; (10) retention of
, prior to taking such an oppor- tunity, such persons should disclose to, and receive approval from, the company‟s board or shareholder meeting. Decision-making procedures should be clarified and
, approval for issuance and offering of securities, and the review of issuing company auditors' working papers and listed companies' financial statements. (3) Finance and Financial Statements ë Reviewed the
. shareholder agreements typically cover rights of first refusal and other restrictions on share transfers, approval of related-party transactions, and director nominations. Withdrawal rights: withdrawal rights
-discipline and market-discipline of securities and asset management companies by allowing a fast track approval scheme for those with good ethics and compliance records in their application for new branch
exchange and clearing house, and the licensing requirements which are in the process of approval ● Prescribed licensing rules for derivatives brokers, dealers, and fund managers ● Prescribed rules for the
approval prior to issuance and offer for sale of securities; however, the consideration process must not impose excessive obstacles or costs on the issuing companies. · The SEC requires that