Securities and Exchange Commission (SEC) is proposing amendment to the takeover regulations. The existing regulations require that people who make a tender offer for all securities of the business and related persons must submit hardcopy documents and also online documents through electronic system, which might cause burden on the private sector and it does not go accordingly with the technological change. SEC then proposes to amend processes related to the takeover regulations such as ca...

Earlier, SEC conducted a public hearing on the principle of understanding investment in leasehold funds and funds with revenue sharing agreements and the fund/trust disclosure of investment return. Most of the respondents expressed agreement with the principle proposed.Therefore, SEC has drafted a notification requiring asset management companies and trust managers which make a projection of investment returns must disclose the internal rate of return (IRR) to give investors information a...

The SEC Board has approved the principles for amending the regulations concerning ICO portals to allow the outsourcing of all system operations related to ICO portals, including certain due diligence

of intermediaries by revising the period of fee payment. The public hearing on the principles for amending the rules took place from 17 July to 20 August 2019. The proposed amendments have taken into

invest in real estate or infrastructure (funds and trusts) to create regulatory alignment as part of the regulatory guillotine project. The amendments are as follows:(1)   Amending the rule on

public’s comments and recommendations into consideration. This included amending regulations related to issuance and offer for sale of convertible debentures (CD) to enable limited companies to issue and