performed his duty with responsibility and due care under the first paragraph: (1) decision has been made with honest belief and reasonable ground that it is for the best interest of the company; (2) decision
Special Purpose Juristic Person Section 9. Securization under this Royal Enactment shall be processed by a special purpose juristic person established in the form of a limited company, a public limited
juristic person established in the form of a limited company, a public limited company, any other type of juristic person as may be prescribed by the SEC or the establishment of trust. A limited company, a
Decree shall be processed by a special purpose juristic person established in the form of a limited company, a public limited company, any other type of juristic person as may be prescribed by the SEC or
competition in the capital market so that the investors will be able to access financial services with better quality of services and reasonable fees Amendments Details 1.1 Exemption of specified business
of whatever name excluding bills, divided into units, each with equal value and a predetermined rate of return, issued by any company to a lender or purchaser, representing the right of the holder of
bills, divided into units, each with equal value and a predetermined rate of return, issued by any company to a lender or purchaser, representing the right of the holder of such instrument to receive
settlor shall be any of the following juristic persons: (1) company issuing securities under the Securities and Exchange Act; (2) originator under the Royal Enactment on Special Purpose Juristic Persons for
in the notification of the SEC. SECTION 12 A settlor shall be any of the following juristic persons: (1) company issuing securities under the Securities and Exchange Act; (2) originator under the Royal
accordance with the rules specified in the notification of the SEC. SECTION 12 A settlor shall be any of the following juristic persons: (1) company issuing securities under the Securities and Exchange Act; (2