trustworthiness in regard of undertaking such securities businesses; "major shareholder" means any person directly or indirectly holds shares of securities company exceeding ten percent of voting shares of such
offering, the mutual fund management company may offer for sale of the investment units in an amount exceeding the limit approved by the SEC, but not over 15% of the limit (greenshoe) and must be stated in
offering, the mutual fund management company may offer for sale of the investment units in an amount exceeding the limit approved by the SEC, but not over 15% of the limit (greenshoe) and must be stated in
at both individual auditor level and firm level. In order to enhance quality and reliability of the financial disclosure system of the entities and auditors, the SEC has revised the rules on approval
of holding more than one-third of total outstanding units over one year) 4. Procedures for holding investment units over One-Third Limit 1. Limitations on unitholding over one-third of the total
of holding more than one-third of total outstanding units over one year) 4. Procedures for holding investment units over One-Third Limit 1. Limitations on unitholding over one-third of the total
at least three persons and at least one person must have adequate knowledge to review the reliability of financial statements. The scope of power and duties is clearly specified. Directors
investment limit in consistent with investment policy 4. Calculation and announcement of net asset values (NAV), investment units values, offering price and redemption price (3) Amendments to the scheme
loan, a loan limit and conditions of such credit shall be specified, and there shall be a statement conveying the client's consent to assign the private fund management company to arrange such matter
investment limit in consistent with investment policy 4. Calculation and announcement of net asset values (NAV), investment units values, offering price and redemption price (3) Amendments to the scheme