any state enterprise, government organization, or district office; (5) not having a position or any responsibility or having an interest in a securities company. SECTION 22. Apart from the expiration 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
including purposes of appointment. SECTION 89/10 In performing the duty with loyalty, a director and an executive shall (1) act in good faith for the best interest of the company; (2) act with proper purpose
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
may not require a securities company to have a paid- up registered capital in an amount specified for operation of any particular category of securities business, except for a security company operating
investor” means any investor which is a financial institution under the Commercial Banking Act, securities company, non-life insurance company, life insurance company, statutory company, mutual fund, private
investor” means any investor which is a financial institution under the Commercial Banking Act, securities company, non-life insurance company, life insurance company, statutory company, mutual fund, private
responsibility for disclosing information as the securities issuing company, and after the approval has been granted, the person under (2) shall have the duty and responsibility for disclosing information and