possible limit of individual freedom, regulation is essential to uphold market credibility and orderliness. Yet, the regulator’s exercising of power must be prudent, fair and only as necessary to protect the
possible limit of individual freedom, regulation is essential to uphold market credibility and orderliness. Yet, the regulator’s exercising of power must be prudent, fair and only as necessary to protect the
offer for sale of the investment units. (1) For advertisement expenses that a mutual fund management company may collect from the mutual fund: (1.1) A maximum amount must be specified. (1.2) Collection
offer for sale of the investment units. (1) For advertisement expenses that a mutual fund management company may collect from the mutual fund: (1.1) A maximum amount must be specified. (1.2) Collection
); (2) No collection of redundant fees; (3) Casting a vote in the targeting fund is not allowed; (4) D isclosures of investment policy and proportion of investment in the funds under the same
); (2) No collection of redundant fees; (3) Casting a vote in the targeting fund is not allowed; (4) D isclosures of investment policy and proportion of investment in the funds under the same
Association Associations related to securities businesses Summary of major provisions in supervising the related associations The SEC has the power to make an order for the directors or members to clarify
Capital Market Supervisory Board The Capital Market Supervisory Board (CMSB) has the power and duty under the Securities and Exchange Act that include issuance of rules and regulations governing the
Capital Market Supervisory Board The Capital Market Supervisory Board (CMSB) has the power and duty under the Securities and Exchange Act that include issuance of rules and regulations governing the
and license revocation, etc. In this regard, the scope of power of the order issuers varies depending on the level of penalty to be imposed on the offender. Appeal Any person who is affected by, and