In the past, SEC had been approving securities business operators to assign outsourcing in other operations related to businesses for the effectiveness and flexibility of the operation. Business providers are still responsible for any actions operated by the outsourced company while the outsourced company must also have the readiness in both personnel and the operating system, and such operation must be under appropriate supervision.SEC is revising the regulations regarding supervision of...
Offeror : NHCT Co.,Ltd. | Date of submission of the Statement of Intention : 05/08/2008
regulations in this matter to ensure safe and standardized digital asset custody. The proposal also aimed to determine requirements for digital asset business operators who function as a digital wallet provider
administer directors including deputy managers, assistant managers, department directors and other persons with different titles but hold similar positions, who are responsible for the asset custody function
, who are responsible for the asset custody function of an applicant within the period of 3 years preceding the year of application filing until the date of application filing. Provided that, after
custodian: (a) System for separating the private fund assets from the custodian’s assets, system for safe keeping of such assets, and internal control system to prevent the misuse of its client’s assets; (b
to operate as a custodian: (a) System for separating the private fund assets from the custodian’s assets, system for safe keeping of such assets, and internal control system to prevent the misuse of
public; Directors of the trust manager; The person who holds the highest position in the function who is responsible for preparing the financial statements of the trust; Directors and executives of the
line with the corporate budget plan and the corporate strategic plan; (3) allocation of sufficient human resources for the information technology function, for example, arrangement or development of
be a job description explaining duties and responsibilities of each unit and position. 3. There should be a clear segregation between the unit with investment management function and the unit with back