Section 32 or Section 33, as specified in the notification of the SEC Office; (2) any securities which are issued by a third party who grants the securities holders the right to purchase, sell, acquire, or

right of a person to participate in an investment in any project or business; (2) specifying the right of a person to acquire specific goods, specific service, or any specific other right under an

: (1) specifying the right of a person to participate in an investment in any project or business; A36633673/0.7/02 Jul 2018 2 (2) specifying the right of a person to acquire specific goods, specific

has authorized the management of investment to acquire benefit from securities, whether or not investment in other assets is also made, which management is conducted as an ordinary course of business

management of funds of a person or group of persons who has authorized the management of investment to acquire benefit from securities, whether or not investment in other assets is also made, which management

competition in the capital market so that the investors will be able to access financial services with better quality of services and reasonable fees Amendments Details 1.1 Exemption of specified business

the management of funds of a person or group of persons who has authorized the management of investment to acquire benefit from securities, whether or not investment in other assets is also made, which

General impacts on stakeholder groups All citizens will be able to carry out secure and trustworthy cross- border electronic transactions and take full advantage of their rights across the EU. https

the benefit of its own or others’, except where it is the trustee’s claim for its remuneration or where the trustee is able to show that the trust is managed with fairness under which all related

interest with the trust regardless of whether such act is done for the benefit of its own or others’, except where it is the trustee’s claim for its remuneration or where the trustee is able to show that the