Reform Priorities in Asia: Taking Corporate Governance to a Higher Level Taking Corporate Governance to a Higher Level reform priorities in Asia 2011 REFORM PRIORITIES IN ASIA: TAKING CORPORATE
account, derivatives broker shall consider pledging and debt repayment capability of the customer for the maximum level of derivatives position which the customer may hold at any time. In consideration of
account, derivatives broker shall consider pledging and debt repayment capability of the customer for the maximum level of derivatives position which the customer may hold at any time. In consideration of
shall be repealed. Clause 3 In this Notification: (1) “derivatives broker” means a person who is licensed to undertake the derivatives business in the category of derivatives brokerage; (2) “manager
shall be repealed. Clause 3 In this Notification: (1) “derivatives broker” means a person who is licensed to undertake the derivatives business in the category of derivatives brokerage; (2) “manager
. "B =: 54 Level I u A(* OTC Level II, III - & #% A(* -: Global Firm & & #% A(* * ".+'* A(* OTC * & #% A(* -: '* ".+' #H& #% A($ /* * ". * CD/5DE:B2/7 85 !"#71F70G"H< =3 4I Custodian
Investment advisors: “Any person who, for compensation, engages in the advisability of investing.” Broker/Dealer: Broker executes trades for clients / dealer executes trades for own account 90% of Investment
brokerage, dealing or underwriting of investment units; (2) “Derivatives broker” means any person licensed to undertake derivatives business in the category of derivatives broker under the law on derivatives
undertake securities business in the category of brokerage, dealing or underwriting of investment units; (2) “Derivatives broker” means any person licensed to undertake derivatives business in the category of
business of the securities company, and risk management system to prevent damage from all risk in undertaking securities business in order to be in the level that has no effect on businesses of securities