Facebook page Power DL : Unlicensed securities and derivatives business (Disclosure Date : 07/07/2023)
Facebook page Power DL : Unlicensed securities and derivatives business (Disclosure Date : 07/07/2023)
that allows for check and balance of management power so as to prevent the issue of conflict of interests from arising. Such mechanism is the requirement that there must be independent directors, audit
granted by the SEC Board or the Minister of Finance. Statutory Power The SEC has powers and authorities under the SEC Act to regulate all aspects of the securities market. These include powers to grant or
power to appoint an audit committee, ad hoc sub-committees to perform specific assignments, and sub-committees to consider and give advice on the issuance of rules and regulations. The Board also has the
instrument market will help create a balance for the financial system and reduce dependency to commercial banks. In addition, debt instruments can be issued at a time that matches issuerûs need, which helps
well as maintain proper check and balance within the SEC organization. 1.1 SEC Board The SEC Board’s structure is in line with international standards to ensure independence and transparency whereby the
appointed within 60 days. Members of the Board who retire upon the expiration of the term of office may be re-appointed for another term. The SEC Board has the power to appoint the Audit Committee, ad hoc sub
supervision of the issuance of financial instruments. Implementation will hinge on achieving an appropriate balance between capital mobilization and investor protection. Other necessary measures are in the
e-service Online Submission See canceled document Securities Brokerage Business >> Securities Lending / Credit Balance (Section 102) Type Title Section See Document Status Notified Date Effective