securities. Presumption on person who “knows or possesses inside information" Acts Insider (Section 243) (1) Director, executive or controlling person of securities issuing company (2) Employee or
securities. Presumption on person who “knows or possesses inside information" Acts Insider (Section 243) (1) Director, executive or controlling person of securities issuing company (2) Employee or
under its responsibility Ensure that units offered for sale exclusively for high net worth investors are not allocated to retail investors Oversee to ensure that the trust is not becoming a private trust
have sufficient checks and balances; Directors/ executives/ controlling persons must not have untrustworthy characteristics. Disclosure of information is complete and sufficient for making a decision to
an independent director) Trustee's duties A trustee shall have a trustee license and is independent from a trust manager. A trustee's main duties are to: oversee that the trust instrument is
an independent director) Trustee's duties A trustee shall have a trustee license and is independent from a trust manager. A trustee's main duties are to: oversee that the trust instrument is
. The criteria for consideration are as follows: 1.1 The directors, executives and controlling persons must not have untrustworthy characteristics pursuant to the specified criteria. 1.2 Having other
(Effective date of October 1, 2018) Related Forms Application for a permission for a public offering (form 17-1) A letter of certification for personal records of directors, executives, controlling persons
securities issuing companies. 4. The controlling persons shall not have any of the untrustworthy characteristics. 5. No record of breaches of regulations and laws (i.e. being currently subject to a criminal
database of directors and executives of the securities issuing companies. 3.2 The controlling persons shall not have any of the untrustworthy characteristics. 4. In case of foreign companies, 4.1 Offering of