debentures. For newly established businesses with potential, venture capital will also be available.The idea has been well-received by Investment Banking Club, Association of Securities Companies, as they see
Shareholders’ Structure and Shareholding Proportion of a Limited Company or Public Limited Company Which Is Established to Undertake Securities Business in the Category of Securities Finance
information and calling of additional shareholders? meetings which is not only costly but also affects plan of the companies in certain cases. The revised CMSB regulations will bring about more efficiency of
and derivatives business operators to support the government’s policy above and align with the holiday schedule established for financial institutions and specialized financial institutions.
with the Cabinet’s resolution and the special holiday schedule established for financial institutions and specialized financial institutions for the year 2023. _________________________
replace the current regime whereby each license represents a bundle of business undertakings, which proves to be costly to licensees. The revision would allow more flexibility and support future types of
granting of such approval shall be in accordance with the rules, conditions and procedures as specified by the SEC. The establishment of a branch office of a financial institution established in accordance
special holiday schedule established for financial institutions and specialized financial institutions for the year 2024, in accordance with the Government’s policy.
issued securities. The proposal aims to accommodate a new holding company established as a result of shareholding and business restructure. The newly established holding company is therefore unable to