cases where the SEC deems appropriate for the characteristics of the securities, the securities issuing company, the investors, and the offering for sale of securities, the SEC may grant a waiver to the
shares exceeding five percents nor allow such person to exercise the voting right with respect to the portion of shares exceeding five percents in any shareholders’ meeting, unless a waiver thereof has
shares exceeding five percents nor allow such person to exercise the voting right with respect to the portion of shares exceeding five percents in any shareholders’ meeting, unless a waiver thereof has
issuing company, the investors, and the offering for sale of securities, the SEC may grant a waiver to the persons under (1) and (2) or may allow such persons to act differently from the provisions under
may grant a waiver to the persons under (1) and (2) or may allow such persons to act differently from the provisions under Division 4: Register and Transferability of Chapter 2: Issuance of Securities