With the Amendment to the Communiqué on the Principles Regarding Portfolio Management Companies and Their Activities, Initial Capitals and Equity Amounts of Portfolio Management Companies Were Revised and Additional Regulations Were Introduced Regarding Their Organizational Structures.
6 Apr 2023
The Capital Markets Board (“CMB“) states that these amendments aim to strengthen the organizational structure and capital of portfolio management companies, which are the managers of mutual funds and pension mutual funds, and to eliminate certain problems encountered in […]