with law controlling business undertaking of such legal entity; (2) not have financial condition that is likely to cause damage or any other circumstances that show its financial hardship; (3) within
- (1) not have financial condition that is likely to cause damage or have any other circumstances showing the holder’s financial hardship; (2) within three years preceding the year of filing application
national economy. At present, there are six legislations administered by the SEC, namely: the Securities and Exchange Act of 1992 ; the Derivatives Act of 2003 ; the Trust for Transactions in Capital Market
; (2) not have financial condition that is likely to cause damage or any other circumstances that show its financial hardship; (3) within three years preceding the year of filing application toward the
duties with efficiency, fairness and transparency; focuses on promoting and developing the operation of the securities businesses. At present, three associations related to the securities business are as
become the major shareholders approved by the present major shareholders of the digital asset operators A license for undertaking digital asset businesses An application form for approval of the
, clearing houses must have appropriate risk management measures in order to effectively perform the duties of guaranteeing clearing and settlement. Securities Depository Center At present, most securities
authorities empowered to supervise financial business or has been barred from serving as the executive or the major shareholder of the supervised legal entity and, at present, has not been permitted to