longer registered or approved to perform duties as investment consultant or investment analyst by the regulator of such persons or a signatory member of the Memorandum of Understanding on the ASEAN Capital

possesses strong financial position and reliability. It is, therefore, deemed necessary to determine the minimum paid-up registered capital of such person.

Associations, which are approved by the Office; (8) “Office” means the Office of the Securities and Exchange Commission.                 Clause 3. This Notification shall not be applied to those financial

support business continuity with suitability, reliability and effectiveness in order that the intermediaries are able to service with the best interest of customers and that the intermediary’s personnel are

providing payment services to clients or the ultimate beneficiary changes materially or inappropriately, or there is a reasonable ground to suspect the reliability, accuracy or completeness of the information

knowledge and experience in reviewing the reliability the financial statements of the Company and their experience in auditing financial statements. 9.3 Selection and appointment of directors and chief

. SECTION 22. The derivatives business operator shall not engage in any other business unless approved by the SEC Office. Upon receipt of the application for approval under the first paragraph, the SEC Office

policy on the governance of information technology, which shall contain at least the following matters. Such policy shall be approved by the board of directors of the intermediary or a committee assigned

to the accounting standards as specified by a professional institution approved by relevant government authorities and in accordance with additional regulations specified in the notification of the SEC.

codes of conduct and professional standards as specified by the associations and approved by the SEC Office or the agencies relating to capital market business which are recognized by the SEC Office; (5