with the following documents: (1) a profile and details of the applicant; (2) a copy of registration certificate as a juristic person or as a group of persons; (3) a copy of financial statement of the
: Detail Content Group 1: Information disclosure that may cause damage to investors and capital market 1.1 Inform, disseminate, or certify any statement of information that is materially misleading
: Detail Content Group 1: Information disclosure that may cause damage to investors and capital market 1.1 Inform, disseminate, or certify any statement of information that is materially misleading
Securities Companies Net Capital Rule (NCR) Outsourcing Activities Note: * General functions include; for example; risk management, inspection and internal control, compliance, etc. **Central
counterbalance; Monitoring of transactions that occur; Frequent revision of the appropriateness of the methods used. Competitive businesses Clear separation of target group of customers or markets; There
or cash-equivalence. The number of units allocated to any persons or a group of the associated persons shall not be over 50% of the units sold. Information disclosure and advertisement Compliance with
will be capable of regular monitoring the quality of audit work performed by such auditor, which resembles the international supervisory framework. The audit quality control regulatory shall be performed
audit quality control system of the audit firm. As such, the auditing must be carried out under the good quality control system both at firm level and engagement level. In response to the aforesaid, the
found in various jurisdictions raised serious concerns among capital market regulators on the quality of financial statements and more stringent quality control on audit work has been imposed to regain
the company in order for the shareholders to have complete information in making a decision and have control over the executives in risk management, financial management and business strategy. The