To enhance clarity and consistency with the current business practices of the private sector, the SEC has issued regulations revising the characteristics of “bills” deemed as “securities,” which

investors at any given time; (2)  having the characteristics of fundraising from the public in general with advertising or solicitation regarding the issuance of bills, excluding bills with the principal and

2023.  Essentially, the regulations as amended by the Capital Market Supervisory Board are as follows:   (1)  Clarifying the characteristics of an investment company, referring to a company that engages

percent of the term funds were offered to retail investors. The key specific characteristics of term fund are the inability to redeem investment units before maturity date and the possibility of

Businesses and in alignment with the specific characteristics and risks associated with different types of digital assets* while adhering to international guidelines and the practices of foreign

public  and the rules relevant to listed companies on the SET and the mai. This is to ensure clarity on the characteristics of business undertaking that may be deemed an undertaking of business as an

the top five corporate culture qualities identified by Guiso, Sapienza, and Zingales (2015): innovation, integrity, quality, respect, and teamwork. Using the resource dependency theory and agency theory

Determination of Characteristics of Bills Deemed as Securities (No. 2)

Prohibited Characteristics of Directors, Executives and Major Shareholders of Trustees