least three but not exceeding five committee members, among whom there shall be at least two committee members of the SEC who have been appointed by the Minister. The Audit Committee shall appoint an
applicable shall come into force upon publication in the Government Gazette. SECTION 14/1.4 The Audit Committee appointed by the SEC shall consist of at least three but not exceeding five committee members
more than two consecutive terms. Upon the expiration of the term of office, the appointment of new Chairman and commission members shall be made within sixty days. During the period when new Chairman or
operation of securities exchange including rules relating to financial resources, systems, supervision of members, listed securities, corporate governance, prevention of conflicts of interest, dispute
subcommittee to perform any matter as designated. The subcommittee under the first paragraph shall consist of a chairman and at least four other qualified members with the knowledge and expertise in relation to
subcommittee to perform any matter as designated. The subcommittee under the first paragraph shall consist of a chairman and at least four other qualified members with the knowledge and expertise in relation to
repealed and replaced with the following provision: “Upon expiration of the term of office of board members, the SEC shall propose a list of experts to the Selection Committee within sixty days in order to
an approval or licence, application for a permission, granting of a permission, filing of registration statements for offering of digital tokens, filing of annual registration statements, other
registration statements for offering of digital tokens, filing of annual registration statements, other applications or undertaking of businesses under an approval, licence or permission; (3) the prescription of
objectives; (4) the procedures for admission of members and termination of memberships; (5) the provisions regarding the number of the committee members, the procedures for election and appointment, the term