executive of company. Q: Does the term, “director" include “director of creditor" in case of a company entering the rehabilitation process? A: In case of a company entering the rehabilitation process in
SEC’s specified rules. The members of an Audit Committee shall not be authorized directors or have controlling power over the company and at least one member shall have sufficient knowledge and
SEC’s specified rules. The members of an Audit Committee shall not be authorized directors or have controlling power over the company and at least one member shall have sufficient knowledge and
offence, the SEC Office may issue a written warning to the company against such improper act. Q: While under business rehabilitation by a plan administrator, is the company required to have an active
offence, the SEC Office may issue a written warning to the company against such improper act. Q: While under business rehabilitation by a plan administrator, is the company required to have an active
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
of the mutual fund is inconsistent with the approved scheme. In this connection, the SEC has the power to order: (1) Clarification or disclosure of additional information; (2) Rec tification of the