password hard to presume. It should impose by the system. However, if the system has a limitation which unable to impose a password in accordance with all of Clause of the guideline prescribed by the Office

; “manager” means a person appointed by the board of directors of an investment advisory company to assume the highest responsibility in the management of the investment advisory company, regardless of the

” means a person authorized by a company’s board of directors to assume the highest responsibility in the company’s management, regardless of his or her title; (3) “ institutional investor ” means an