that will regularise and professionalise the performance of board functions and clarify decision-making. 14 REFORM PRIORITIES IN ASIA: TAKING CORPORATE GOVERNANCE TO A HIGHER LEVEL © OECD 2011 Boards
involved agreed with the principles proposed by the SEC and added the principle of flexibility, in order that the business operators will be able to put this into practice effectively. The public hearing
investing public as it would allow access to financial products and services that meet investors? demands on a wider scale with lower costs.The FinTech Draft Act has undergone public hearings and is under
SEC plans to revise the criteria on the maintenance of the net capital (NC) of securities and derivatives business operator. SEC has, therefore, conducted a public hearing on this matter, in
, protection of investors? rights, and/or good governance, and (3) granting the SET Board of Governors the power to allow trading access to non-members of SET, which would enhance SET to have flexibility in its
borrowing and lending, and joint venture management. As a result, any intermediary wishing to operate only brokerage business, for example, would have to meet the high minimum paid-up capital rule despite its
. Furthermore, issuers will be given a longer period before this notification comes into effect. That is the new rules will apply to companies that file their filing forms from 1 April 2019. This will give
The SEC is proposing to amend the regulation on filing the application for establishment and management of mutual funds by allowing electronic submission of all required documents through the Online
obstacles to the securitization process. It is hoped that if the amendment can be carried out, it will speed up the process of transferring financial assets from financial institutions. ■ A coordinated effort
10, 2006) Secretary 5. Director of Internal Audit Department 20 C o r p o r a t e R e v i e w 4. Internal Audit The Internal Audit Department supports the Audit Committee's performance to ensure that