and submit the audit report to the Fund Committee. • There will be annual evaluation of the CMDF’ s performance by the Fund Performance Evaluating Committee which comprises of three to five persons (ad

notification of the Capital Market Supervisory Board. In such event, the Capital Market Supervisory Board may specify the details of the following matters: (1) debt to equity ratio; (2) period for the offering

, the Capital Market Supervisory Board may specify the details of the following matters: (1) debt to equity ratio; (2) period for the offering for sale of securities; (3) subscription, underwriting and

fourth paragraph shall be in accordance with the regulations specified by the Fund Committee. SECTION 218/20 There shall be an annual evaluation of the effectiveness of the Fund’s performance; in this