for considering Associated Persons 3. Procedure to comply with the limitations (the case of holding more than one-third of total outstanding units over one year) 4. Procedures for holding investment
their duties for the best interests of the company. Therefore, A person who has a conflict of interest must not do business which is in competition with the company. There must be no related party
) with an CPA license being suspended; (3) having a record of being revoked from CPA status, unless where the reapproval has lapsed for a period of not less than three years prior to filing an application
-third of its maximum capacity to an individual client, or to a group of associated persons, in case that the buyers/end users of product/services are not the government agencies. This is not applied on
) have measure to control and manage risks associated with business operation; (4) have effective measure on internal control with respect to business operation; (5) have operational system promptly for
of inter - dealer brokerage shall- (1) not have shareholder or controlling person with proportion or characteristics as specified by the SEC; (2) have honest executives as apparent from working records
structure A REIT is not a juristic person, but a pool of assets owned by a trustee. A trustee is entrusted with powers to oversee and administer assets of the trust in interests of the unitholders, who are
. Offer for sale through an underwriter no restrictions with restrictions 4. Restrictions for unit holdings - any persons or a group of the associated persons not more than 50% of the total trust units sold