) (the SEC Act) and the tax regulations in order to reduce obstacles for the secondary market trading of debt instruments. [ Goal 1 ]18 . . . . . . . . ■ A proposal was made to amend the SEC Act to provide
oriented growth companies and to balance any increase in leveraging. The updated G20/OECD Principles of Corporate Governance (the Principles) therefore provide a very timely and tangible contribution to the
opportunities to provide input and comments on the practicality and relevance of draft regulations before they take effect. In the event that new regulations are anticipated to have a wide or significant impact
in the Government Gazette, the amended Act shall take effect and will provide a robust foundation for fair and effective development of the capital market. Developing our capital market is an ongoing
products and services in order to lessen their dependency on brokerage fee revenue, and launched a securities business liberalization roadmap to get the industry players started on the preparation for the
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
development by enhancing the performance of companies and increasing their access to outside capital. The OECD Principles of Corporate Governance provide the framework for the work of the World Bank Group in
in the region since 2005 2 and by more detailed analysis and recommendations, such as the Guide on Fighting Abusive Related Party Transactions in Asia. Roundtable participants were invited to provide
Information ● Supervision of Professionals Who Provide Information for Investors ● Development of Laws or System to Enhance Investorûs Rights 41 GOAL 3 Promote Integrity of the Market, Intermediaries, and All
benefits of the capital market. Expectations include: Provide opportunities for businesses to operate independently with an effective supervision system in place to ensure an orderly market; Be