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
on issues of related party transactions and separation of businesses among the applicant and group of parent company which have effect on shareholder rights. Besides, {X1} Company had jointly prepared
Protection of Minority Investors Topic along with the Department of Business Development, the Ministry of Commerce. This topic measures the strength of minority shareholder protection against directors' misuse
Securities Company Granted an Exemption from Application for Approval of Person to be Major Shareholder
undertaking of securities business already licensed to such finance and securities company including a plan of the finance company after the separation of business and transfer of assets and liabilities. The
counterbalance; Monitoring of transactions that occur; Frequent revision of the appropriateness of the methods used. Competitive businesses Clear separation of target group of customers or markets; There
147) |- Others (Securities Business) |- Separation of Securities and Finance Businesses & Merger (section 90) |- Representatives Office of foreign securities companies (section 93) |- Holidays
|- Related Circular Letter Others (Securities Business) |- Separation of Securities and Finance Businesses & Merger (section 90) |- Representatives Office of foreign securities companies (section 93
. II) The rights and equitable treatment of shareholders and key ownership functions; The chapter identifies basic shareholder rights, including the right to information and participation through the