commercial banks, insurance companies, issuers and relevant agencies. Their opinions and suggestions were taken into consideration to make sure that revised rules would not hinder fund raising and liquidity
shall establish rules or regulations which allow for exchange of information about securities clearing and settlement, including any other information obtained during the normal course of operation as a
participation and voting in meetings. Any action that could hinder shareholders from conveniently exercising their right to attend meetings should be prohibited. For example, procedures to attend and vote should
the execution of electronic transactions which would be deemed as fully legitimate as normal transactions, for example, transactions related to businesses under the SEC supervision, subscription
shareholder). Many of these transactions facilitate normal day-to-day business of the business group and might be economically efficient. Examples of such transactions are sale or purchase of goods, and
rights. In order to avoid over-regulation, unenforceable laws, and unintended consequences that may impede or distort business dynamics, policy measures should be designed with a view to their overall