) finance companies; (3) credit foncier companies; (4) securities companies; (5) other juristic persons as prescribed by the SEC. A proposed project must be submitted together with an application for the
granted by the SEC. Section 14. If the operations of the special purpose juristic person under this Emergency decree have the characterization of those of finance or credit foncier businesses, the special
project unless a relaxation is granted by the SEC. Section 14. If the operations of the special purpose juristic person under this Emergency decree have the characterization of those of finance or credit
within sixty days in order to proceed in accordance with Section 31/7; in this regard, the retiring board members shall remain in office until the successor assumes duties. The provisions of Section 12 and
the term of office. 6Upon expiration of the term of office of board members, the SEC shall propose a list of experts to the Selection Committee within sixty days in order to proceed in accordance with
a legal entity in any of the following categories: 7 (1) a commercial bank under the Commercial Banking Act; (2) a finance company or credit foncier under the Undertakings of Finance Business
a legal entity in any of the following categories: 7 (1) a commercial bank under the Commercial Banking Act; (2) a finance company or credit foncier under the Undertakings of Finance Business
termination of employment or old age, the fund manager or the liquidator shall proceed with the employee’s intention, providing that the registrar may prescribe the criteria and condition.” SECTION 10. The
total number of voting rights of the company have issue a written notice directing the company to bring the action under the first paragraph and the company fails to proceed as directed within one month
management • In managing a mutual fund, the AMC must proceed with honestly and care to preserve the interests of all unitholders, using knowledge and competence as a professional. • The AMC must have a policy