fund management under this Ministerial Regulation whose shares are held by any legal entity under Sub-clause (1) to (5) in aggregate amount of not less than fifty percent of total shares sold. Clause 3
held by any legal entity under Sub-clause (1) to (5) in aggregate amount of not less than fifty percent of total shares sold. Clause 3 Where an applicant for securities business license in the category
holding limit is applied as in compliance with the regulations for infrastructure activities under IFF's investment. * In the case of many sponsors in the fund, the investment units held by all sponsors
, approved person shall proceed with establishment of limited company or public limited company to undertake securities business in the category of inter - dealer brokerage. Newly established limited company
receiving the SEC’s recommendation. Clause 4 Upon the Minister’s approval under Clause 3, approved person shall proceed with establishment of limited company or public limited company to undertake securities
from the date receiving the SEC’s recommendation. Clause 4 Upon the Minister’s approval under Clause 3, the approved person shall proceed with establishment of new limited company or public limited
first paragraph has a legal entity under Clause 1(1) to (5) held its shares exceeding ten percent of total shares sold, such legal entity shall also have qualifications specified under Clause 2(1). Clause
under Clause 3, the approved person shall proceed with establishment of new limited company or public limited company for operating securities business in the category of venture capital management as
SEC’s Notification; (2) 1 have the following shareholder or shareholders held its shares not less than fifty percent of total shares sold: (a) commercial bank under law on commercial banking; (b