SEC had proposed, in principle, to amend the definition of major shareholder of the securities companies which at present is determined based on the “number of voting shares” to the “number of
Under the proposed regulations, in order to be qualified for exemption, the futures exchange, derivatives clearing house, securities clearing house and securities depository shall submit its rule to the SEC Office at least 10 working days before the intended effective date of such rule, along with a brief report on comments from the stakeholders (if any). The types of rule that can rely on this exemption are as follows: (1) Rules that carry the material context similar to that state...
), securities company shall file an application for approval within fourteen days from the date on which securities company knows or should have known that there is major shareholder not obtaining approval from
Rules on Application for Obtaining an Approval and Granting to Establish Branch Offices of Intermediaries
Rules on Application for Obtaining Approval and Granting to Perform Trust Business
Securities and Exchange Commission concerning the Rules on Application for Obtaining an Approval and Granting to Perform Trust Business. Clause 3 In case a major shareholder of a trustee or an applicant for
Securities Company Granted an Exemption from Application for Approval of Person to be Major Shareholder
. Notification of the Securities and Exchange Commission No. KorKhor. 9/2552 Re: Rules on Application for Obtaining Approval and Granting to Perform Trust Business ___________________________________ By virtue of
the PWA to its customers. As EASTW is the major shareholder of UU and holds 50,999,993 shares, equivalent to 99.99% of the paid-up capital of UU and PWA is the major shareholder of EASTW, as of April 30