New Zealand financial markets will be affected during 2014 by the phased implementation of the Financial Markets Conduct Act 2013 (FMC Act). PART III APPLICATION PROCESS Application Process 6.-(1) An applicant seeking a licence as a Nominated Adviser or Nominated Adviser’s Representative shall complete and submit to the Authority … Interpretation 2. Professional investors, such as the Korean government, Bank of Korea, Korea Deposit Insurance Corporation, bad banks, Korea Finance Corporation, Korea Credit Guarantee Fund, and various pension funds, are allowed to benefit from the extension of the report period until the 10th day of the month immediately following the month in which the event occurred. 2020/457 . Capital markets entities are licensed and governed under the Securities and Futures Act (SFA), Trust Companies Act (TCA) and Financial Advisers Act (FAA). 4. on changes in capital or debt, as such are prescribed by the Presidential Decree”; whereas, currently, the obligation arises only “upon the passing of a Board of Directors resolution on capital increases or reductions” under the Capital Markets Act. Capital Markets Services (CMS) Licence. (A) 89/2018) (pdf) Capital Market & Services Act (Unammended Principal Act (Original) (pdf) Capital Markets And Services Act 2007 (Order, Schedule, Regulation, Amendments, Appointment Of Date Of Coming Into Operation) Accordingly, the Amended Act sets forth a stricter disclosure obligation regarding changes in financial structure; and the scope of the types of changes in debt status for which a material fact report is required will be prescribed by the Enforcement Decree, as amended. Financial Investment Services and Capital Market Act Enacted on Aug. 3, 2007 (Act No.8635) Part 1 General Provisions Article 1 (Purpose) The purpose of this Act is to contribute to the development of the national economy by enhancing the fairness, integrity, and efficiency of the capital market by promoting Interest in securities 5. Various amendments to the Financial Investment Services and Capital Markets Act (the “Capital Markets Act”) were recently promulgated on May 28, 2013. Types of Capital Markets Entities in Singapore Financial Services (Credit Institutions and Capital Requirements) (Amendment) Regulations 2020. If you would like to learn how Lexology can drive your content marketing strategy forward, please email [email protected]. This legal update is the third of a series of updates that will summarize the amendments made to the Capital Markets Act and discuss the As for the “prescribed period”, Article 130(5) of the Amended Enforcement Decree sets forth the period of three (3) months following receipt of a request for correction of the registration statement. Interpretation. State Aid (Revocations and Amendments) (EU Exit) Regulations 2020. 3. Construction of the term "associated person". Act No. The Capital Markets and Financial Investment Services Act2007 (hereinafter the “CMFISA”), which passed the National Assembly on 13 June 2007, came into effect on February 4th, 2009. Under Article 171 (1) of the draft Enforcement Decree of the Capital Markets Act as proposed to be amended (the “Amended Enforcement Decree”) in a prior announcement of legislation, the matters to be dealt with “as prescribed by the Presidential Decree” include only cases of capital increase or reduction. It also does not aim to provide complete and consistent coverage of mandatory and voluntary reporting provisions. Financial Services (Insurance) (Miscellaneous Amendments) Regulations 2020. The above disclosure system for individual officers will become effective as from November 29, 2013. Amendment. 45 of 2013 [with effect from 28 February, 2014, unless otherwise indicated] ACT … The views expressed on this database and the Carrots & Sticks reports reflect those of the individual authors indicated and not necessarily those of the University of Stellenbosch Business School, Stellenbosch University, or the Global Reporting Initiative. Interest in securities 18 5. Fuels & more . If the annual salaries of registered executives and auditors exceed KRW 500 million, their pay information should be disclosed on an individual basis in the annual report, including commentary on the link between pay and performance. Accordingly, the Presidential Decree has not yet specifically prescribed the cases of “resolutions of the Board of Directors, etc. Search by Pages Search ※ The links provided by an automatic program for the convenience of users may have some errors. University of Stellenbosch Business School. Unless otherwise specified in the amendments, the amended Capital Markets Act (the “Amended Act”) will come into force on August 29, 2013, which is the date falling three months from promulgation. Our expansive network combined with exceptional service secures reliable supply of quality products. Amendment. Stanford Libraries' official online search tool for books, media, journals, databases, government documents and more. 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