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New Approvals to Support the Better Improvement of Financial Institutions' Processes

The SEO Board of Directors approved three new resolutions in order to further improve the processes of financial institutions.

 

The SEO Board of Directors approved three new resolutions in order to further improve the processes of financial institutions.

Based on these new resolutions, the maximum acceptable level of the trustee may increase to 50 funds.

Further, the possibility of the establishment of funds based on the issuance and cancellation of funds for an indefinite period, aiming to reduce the administrative affairs of the funds, has also been mentioned in the resolution.

Finally, the investment of surplus resources of market-making funds up to 20% of assets in the fixed-income investment funds has also been approved.