On January 5 2009, the Financial Services Commission (FSC) released a draft regulation (amended regulation), which will replace the current Regulation on Securities Issuance and Disclosure (current regulation) in its entirety. It is scheduled to become effective on the effective date (February 4 2009) of the Capital Market and Financial Investment Business Act (Capital Market Act), following a 20-day public review period and a review by the Ministry of Legislation. As such, the current draft of the amended regulation is subject to changes.
February 01 2009