profiles. As mutual funds? features have become increasingly complicated, it is imperative that investors have clear and accurate understanding about the products and their associated risks. This is to help
procedure for establishment and management of mutual funds, the SEC plans to introduce an auto approval process for plain vanilla funds, which have no complicated features such as investment in derivatives
evaluating fund manager?s capability. For more complicated funds such as foreign investment funds (FIF), a special working group will be established to work on the benchmark and related matters in due time; 4
underlying shares must have high liquidity. In addition to the existing call DW, issuance and offering of put DW will also be allowed; 4. Private placement: Since DW is more complicated than other
ETF are less complicated than gold futures and will require payment in full for trading, without leverage or margin allowed. The CMSB expects to see official launch of this new product within the next
limit. Share issuers must disclose such information sufficiently and publicly. As to more complicated corporate governance aspects and information that is less accessible and difficult for investors to
investment policy does not have complicated features such as investment in derivatives products, multi-class investment units, and complex return payment. This is to shorten approval procedure and facilitate