effective supervisory mechanism and sustainable capital market, the SEC has moved towards more principle-based regulations and self-discipline among practitioners by using four major instruments as follows
) receiving proceeds transferred from provident funds (PVDs) or other RMF; (3) Other cases of unitholding for a consecutive period of not over one year, except that the SEC has granted a relaxation as deemed
unitholders The unitholders are investors who transferred from PVD. ( 6 ) A ny other conditions as approved by the SEC and such classification is practical and for the interest of the unitholders in general
grounds to suspect that the directors, executives, and major shareholders having other interest which may be in conflict with the best interest of the business or having benefits transferred from the
having other interest which may be in conflict with the best interest of the business or having benefits transferred from the business. 7. Not being in default om principal or interests of any debt
) fails to fulfill its obligations as to clearing and settlements, all operations must be ceased while risks associated with proprietary trading must be reduced, and client positions are to be transferred
or having benefits transferred from the business. 7. Not being in default om principal or interests of any debt securities or in default on a loan payment. 8. Not being in breach of the terms and