company (“AMC”) to easier receive unitholders’ resolution in revision or modification of mutual fund project or management procedure Amendments Details 2.1 Imposing fiduciary duty of AMC in mutual fund
under the supervision or the SEC, the Capital Market Supervisory Board or the Office. 3 Where person having characteristics under (5) or (6) is appointed, the appointed person shall perform his duty only
; (2) The trust manager. After an application for an offering for sale of newly issued securities has been filed, but not yet approved, the persons under (1) and (2) shall have the same duty and
characteristics under (5) or (6) is appointed, the appointed person shall perform his duty only after his resignation from the position under (5) or (6), which shall be within thirty days from the date of
Market Supervisory Board or the SEC Office. In case where any person having characteristics under (5) or (6) is appointed, the appointed person shall perform his duty only after his resignation from the
investor” means any investor which is a financial institution under the Commercial Banking Act, securities company, non-life insurance company, life insurance company, statutory company, mutual fund, private
investor” means any investor which is a financial institution under the Commercial Banking Act, securities company, non-life insurance company, life insurance company, statutory company, mutual fund, private
investor protection, the SEC may prescribe that the license holder who undertakes business in a specified manner be exempted from undertaking or undertake in a different manner from the provisions under
upon publication in the Government Gazette. Chapter 1 Supervision of Trust for Transactions in Capital Market __________________ SECTION 8 The SEC shall have the power and duty to formulate policies to
The SEC shall have the power and duty to formulate policies to promote, develop and supervise trust for transactions in the capital market. Such power and duty shall include: (1) the issuance of rules