market to develop market diversification, expand investor base, and develop hedging tools that would support full-scaled, comprehensive transactions. The first priority issue of securities trading

perhaps contradictory regulations between jurisdictions is also an issue that should be monitored so that no regulatory vacuum is allowed to develop (i.e. issues slipping through in which no authority has

Federation of Accounting Professions to issue interpretations on six principles to plug this loophole, with more to follow. To tighten the enforcement of company directors’ behaviour, we set up a disciplinary

. ■ Licenses for inter-dealer brokers - A Ministerial Regulation was proposed to enable the SEC to issue securities business licenses to those who wish to act as intermediaries to find suitable counter-parties

SEC plans to revise the criteria on the maintenance of the net capital (NC) of securities and derivatives business operator. SEC has, therefore, conducted a public hearing on this matter, in

securities depository shall review and revise its business continuity plan without delay. Part 2 Review, Monitoring, and Examination of Computer Systems relating to Clearing, Settlement, and Depository

standards to ensure that all practitioners are fit and proper ë Issue rules and regulations for authorization and operation of securities businesses ë Issue rules and regulations governing asset management

Exchange Commission the power to issue and revoke securities business licenses as well as the power to approve additional types of securities businesses and specify paid-up registered capital thereof. These

SEC plans to revise criteria on the delegation of other persons to operate a business on behalf of the operators of securities, investment management, and derivative contract business in order to

issue bonds with the value of B260 billion in the fiscal year 2008. The market is expecting the Ministry of Finance to issue larger size of long-term bonds in each auction. It is also expected that the