conflicts of interests effectively. (2) Where the person appointed as a fund manager is an employee of the mutual fund management company, the designated employee must hold a position which will not cause
conflicts of interests effectively. (2) Where the person appointed as a fund manager is an employee of the mutual fund management company, the designated employee must hold a position which will not cause
outstanding units over one year) Actions to be taken to comply with the “one-third" rule: Any person shall not hold investment units exceeding one-third of the total sold units of the mutual fund for longer
outstanding units over one year) Actions to be taken to comply with the “one-third" rule: Any person shall not hold investment units exceeding one-third of the total sold units of the mutual fund for longer
assets as debt repayment instead of cash. 2) I nclusion in the fund: The funds may continue to hold the assets provided that the assets can be invested in or held by the mutual fund; otherwise the
assets as debt repayment instead of cash. 2) I nclusion in the fund: The funds may continue to hold the assets provided that the assets can be invested in or held by the mutual fund; otherwise the
benefit of beneficiaries, according to terms set out in a trust instrument. A trustee of an infrastructure trust must hold a license granted by the SEC and be independent from the trust manager
operating securities and / or derivatives business and not having any of the following : ( 1 ) hold client assets ( 2 ) engage in proprietary investments or ( 3 ) bear obligations to the securities clearing
assets 6.4 Mutual fund with a one-time investment strategy (Buy-and-Hold Funds) 6.5 Announcement of the NAV 6.1 Closed-end funds (1) Calculate the NAV and investment unit value at the end of every
assets 6.4 Mutual fund with a one-time investment strategy (Buy-and-Hold Funds) 6.5 Announcement of the NAV 6.1 Closed-end funds (1) Calculate the NAV and investment unit value at the end of every