manner as specified in the notification of the SEC. “control” or “controlling” means (1) holding of shares with voting right in a juristic person, which represent more than fifty percent of the total
“ controlling ” means (1) holding of shares with voting right in a juristic person, which represent more than fifty percent of the total voting rights in such juristic person; (2) having control, whether directly
Market Supervisory Board. “related person” means persons with any of the following relationships: (1) a person having control over the company and in cases of a juristic person, including the board of
the purpose of this Section, a beneficial owner of shares shall mean any person with direct or indirect power to: (1) direct or control the exercise of voting rights in a derivatives business operator
the purpose of this Section, a beneficial owner of shares shall mean any person with direct or indirect power to: (1) direct or control the exercise of voting rights in a derivatives business operator
such instrument to receive money or other benefit. "underwriter" means any person who underwrites the sale of securities to the public. "prospectus" means any document issued for the purpose of inviting
money or other benefit. "underwriter" means any person who underwrites the sale of securities to the public. "prospectus" means any document issued for the purpose of inviting any person to subscribe or
performance of duties; (5) juristic person whose business is under control of the persons under (1) (2) (3) or (4). SECTION 244 It shall be presumed that the following persons, who have traded securities or
Increasing flexibility of supervision and control of securities business The SEC may exempt a securities company from undertaking or prescribe a securities company to undertake in a different manner from
following the date of its publication in the Government Gazette. SECTION 3 In this Act: “trust” means legal relationship arising from a trust instrument. “trust instrument” means a contract whereby a person