Process Flow

Main Activity

 

	1.Instrument Issuance :         1.1 Management companies may set up and offer for sale a mutual fund only          when they get an approval from the SEC to extablish the fund.         1.2 Management companies shall file a prospectus to the SEC before offering         to the general public.
	2.Offering in the Primary Market :         2.1 The mutual fund can be sold by management companies, or by          supporting agents.         2.2 Management companies report the result of public offering and file an          application for registration as a mutual fund to the SEC.         2.3 The SEC applies for ISIN code to the TSD.         2.4 Management companies are able to buy/ sell the mutual fund by          themselves or by supporting agents and use the mutual fund's net asset         value as a trading price.         2.5 Investors transfer the money through bank accounts for their clearing          process.
	3.Trading in the Secondary Market :         3.1 Management companies may list the mutual fund with the SET, in case         that the mutual fund scheme specifies to do so. and duties.
	4.Interest Payment:         4.1 The registrar as the representative of issuers pays interest to debt         securities holders. The payment will be in line with the issuers’ declaration.
	5.Maturity of Instrument :         5.1 When the mutual fund becomes matured, management companies may          consider dissolving the mutual fund. The dissolution has to be adhering          to details in the mutual fund scheme.