effect from 16 June 2021. To ensure that business operators understand and comply with the regulations prescribed in the said Notifications properly, the SEC would like to provide clarificatory notes to

consideration or that prejudice the creditors: (1) book value in accordance with the accounting standards; (2) value determined by the financial advisor as reasonable price for transfer of assets that has taken

performance of duties related to such inside information; (4) director, sub-committee member, representative of a juristic person, agent, employee, staff member, advisor or worker of a governmental agency, the

/ derivatives / digital asset intermediaries e.g. securities company/broker, asset management company and digital asset exchange; · approved persons e.g. investment consultant; · listed companies/ securities