benefit of beneficiaries, according to terms set out in a trust instrument. A trustee of an infrastructure trust must hold a license granted by the SEC and be independent from the trust manager
the center or network in the manner as specified in the notification of the SEC. Digital asset broker means a person who provides services or holds itself out to the public as available to provide
. A trustee's main duties are to: oversee that the trust instrument is established in conformity with relevant laws; appoint a trust manager; prepare a trust property account in segregation from a
consideration on which shall take the following factors into account; (a) difference of net assets and net liabilities shall not be less than paid-up registered capital in the amount specified in Section 96 of
show that its operational system will be prompt for operating securities business in the category of venture capital management; consideration on which will be taken into account its internal control
established in conformity with relevant laws; appoint a trust manager; prepare a trust property account in segregation from a trustee account; ensure that the units are not allocated to investors who are not
condition or result of operation which the SEC may consider that the securities company severely suffers loss, the consideration on which shall take the following factors into account; (a) difference of
business in the category of venture capital management; consideration on which will be taken into account its internal control system, record keeping system and system for making reports concerning venture
being major shareholder of securities company; provided that severity of such person's behavior shall be taken into account. Further, the specified so period shall not be longer than five years from the