securities trading center by virtue of such laws and governed by government agencies or securities regulators (regulated exchange); “Allotted quota” means quota of foreign securities or derivatives investment
subject to public oversight. 3. The system of public oversight shall be governed by non-practitioners who are knowledgeable in the areas relevant to statutory audit. Member States may, however, allow a
Kong and the ongoing supervision of SFC-authorised funds. As a statutory body, the SFC’s regulatory objectives and functions are defined and governed by the Securities and Futures Ordinance. The SFC’s
securities company intending to separate finance business from securities business by means of establishing new limited or public limited company to undertake the business shall be governed by this Ministerial
. (2005) find that investors care more about “visible” fees such as front- and back-end load fees, but not operating expenses, so this could potentially be one reason behind this puzzling finding. 4
requested by the Committee, arranging for further explanation by the person under consideration; (Translation) -9- Proceeding other than those specified in the first paragraph shall be governed by the
institution which is governed by a main regulator and later obtains a license to undertake securities business, but not including a financial institution licensed to undertake securities borrowing and lending
1992 (PLCA) governs listed and other public companies (other corporate forms are governed by the Civil and Commercial Code; many of the relevant provisions are identical). The Department of Business
) factors, and the long-term health and stability of the market as a whole. It recognises that the generation of long-term sustainable returns is dependent on stable, well-functioning and well governed social