المادة 33(b): Procedures and Power of the Authority toward the Application

b. If the Authority deems that offering the proposed fund units may not be in the interest of the investors, or may result in a breach of the Capital Market Law, its Implementing Regulations or the Exchange Rules, then it may take any of the following actions:

1) carry out any enquiries which it considers appropriate;

2) require the applicant or its representative, to appear before the Authority to answer questions and explain any matters that the Authority considers relevant to the application;

3) require the applicant to provide additional information or confirm in such manner as the Authority may specify, that the information provided is accurate; and

4) defer making a decision for such period as may be reasonably necessary to carry out further study or examination.