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Leadership Academy? project with a view to fostering new generation? leadership, business and financial literacy and morality. The SEC, jointly with TLCA and maiA, will support the ?Territorial Defense
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morality, the SEC has the power to refuse registering the persons as directors of the association. When it is apparent that the board of directors, directors or members of the associations undertake any
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economy or the national security or peace and order or the morality of the public, a license for establishment shall be issued and the association related to securities business shall be registered. Clause