Commission concerning Determination regarding Definition of Institutional Investor and High Net Worth Investor. “high net worth investor” means a high net worth investor under the Notification of the
management, operational management and internal control system which at least shall contain: (a) the policy and measure in writing; (b) the determination and amendment of such policy and measure each time has
, we use the Carhart (1997) 4-factor adaptation of the Fama and French (1993) 3-factor model that includes the momentum (returns persistence) factor.4 For each stock in the sample, we estimate its beta
. Such power and duty shall include: (1) the issuance of rules, regulations, notifications, orders, directives or stipulations under this Act; (2) the determination of application fees, license fees
Limited), the appointment of the independent financial advisor, the determination of the date of the Extraordinary General Meeting of Shareholders No. 1/2019, and the determination of the date on which the
applicant has paid for the application fee under the Notification of the Office of the Securities and Exchange Commission concerning determination of fees for filing, registration and other applications. The
of the Securities and Exchange Commission concerning Determination of Definitions of Institutional Investor and High Net Worth Investor; (6/1)3 “high net worth investor” means a high net worth investor
achieved continual growth despite the emergence and persistence of multiple risk factors such as higher oil prices, global economic slowdown especially in trade alliance countries, exchange rate volatility
: September 2019 2 Contents 1. Introduction 3 2. Definition 4 3. Guidance on ACMF Pass Framework 3.1 ACMF Pass overview 5 3.2 Permitted activities 6 3.3 Application process 9 3.4 On-going obligation 9 3.5