persons must not have untrustworthy characteristics pursuant to the specified criteria. 1.2 Having other qualifications, such as not having prohibited characteristics, not being involved in illegal
duties are related to inside information, including employees, workers or colleagues of the aforesaid persons who hold a position or is in the line of work involved in the performance of duties related to
duties are related to inside information, including employees, workers or colleagues of the aforesaid persons who hold a position or is in the line of work involved in the performance of duties related to
public attorney or court. Qualifications of an independent director Holding no more than one percent of the total voting shares. Not being an executive director involved in the management of the
eligible collective investment schemes among APEC member economies while ensuring investor protection in the economies participating in the ARFP. The ARFP allows units of funds authorized in a participating
economies participating in the ARFP. The ARFP allows units of funds authorized in a participating country (home economy) to be offered publicly in other participating countries (host economies) through
) that aims to facilitate cross-border offerings of eligible collective investment schemes among APEC member economies while ensuring investor protection in the economies participating in the ARFP. The
process. Participating fund managers in signatory jurisdictions using this framework will have to abide by the “Standards on Qualifying CIS", a set of common requirements designed to ensure that the
CIS authorized in its Home Jurisdiction to be offered in other Host Jurisdictions under a streamlined authorization process. Participating fund managers in signatory jurisdictions using this framework
condition under the following cases: (1) In the case of unitholding in ETF by the Participating Dealer( PD)/Market Maker (MM) as appointed by the mutual fund management company; (2) A retirement fund (RMF