The securities firm can charge management cost according to agreement.

If a securities firm is engaged in securities assets management business, it should sign securities assets management contract with customers, defining investment scope, investment ratio, management period, management cost and so on.

This responsible person shall not take management position of the securities firm in the same time.

(4) To inspect computer information management system of a securities firm and copy relevant data materials.

Their locational preference is also explained by their relatively weaker intra firm coordination and management systems.

Article 23 The securities firm should set up responsible person for regulatory compliance to audit, supervise or check legal and regulatory compliance of management behavior of securities firm.

The Administration informed the Board that, in coordination with the programme management firm, it would continue to improve coordination on a list of issues which the firm had developed.

Article 46 A securities firm engaged in securities assets management business shall not have the following act

Article 75 An accounting firm can read and copy client information concerned with audit issues or other documents and materials of a securities firm, and can acquire relevant data materials from the computer information management system of the securities firm.

if the legal representative or principal of business management of the securities firm leaves his post, an accounting firm with securities and futures related business should be hired to conduct auditing.

Accordingly, the Administration contracted the services of a programme management firm on 4 October 2004 to oversee the management of design and construction documentation services, among other things.

(4) Deposit banks, designated commercial banks, asset management agencies, security exchanges, securities registration and clearing agencies of a securities firm

(2) Where any shareholder and actual holder of a securities firm force, incite, assist or accept the securities firm to provide financing or warranty with assets of stock brokerage clients or stock asset management clients

Article 22 If a securities firm sets up an agency that performs business management rights of the securities firm, it should clearly states it name, constitution, roles, responsibilities and rule of procedure in the company regulation.

Article 76 A securities firm shall undertake real time monitoring on trading behaviors of its self operation accounts and portfolio management accounts.

Securities account opened by the securities firm for securities assets management customer should be submitted to stock exchange for filing within 3 trading days.

As the legal reviews need highly specialized knowledge, the Office of Legal Affairs has recommended that the Investment Management Service retain an outside legal firm.

Article 11 A securities firm should have three officers or more, who should have held management position in the securities industry for at least two years.

(5) Where a securities firm engaging in portfolio management business accepts a single entrustment of its client with the value less than the minimal value prescribed.

Article 27 A securities firm should establish and complete risk management and internal control system to prevent and control the risk in the principle of prudent operation.

Article 61 The securities firm shall not provide financing or warranty to other people using the assets of the securities brokerage customers or securities assets management customers.

(4) Where the investment scopes or investment proportions of the security self operation business and portfolio management business of a securities firm are not conformed to provisions

Mathews JA (2002). Competitive advantages of the latecomer firm A resource based account of industrial catch up strategies. Asia Pacific Journal of Management 19 (4) 467 488.

A modern firm is a network of people with different expertise production, logistics, marketing, sales, accounting, human resource management, and so on. But the firm itself must be connected to a web of other firms its suppliers and customers through multi modal transportation and telecommunication networks.

Article 45 A securities firm can be engaged in securities assets management business by accepting customer s entrustment or using customer s assets according to the Securities Law and this Regulation.

No units or individuals shall force, incite, assist or accept the securities firm to provide financing or warranty with the assets of the securities brokerage customers or securities assets management customers.

Article 68 The securities regulatory agency under the State Council is authorized to take the following measures to undertake inspections on business activities, financial status, operating management of a securities firm

Article 67 The securities regulatory agency under the State Council can require the following entities or individuals to provide materials and information concerning operating management and financial status of a securities firm

UNDP has leveraged the pro bono services of an external independent firm to conduct a preliminary risk inventory and high level road map for the implementation of enterprise risk management in UNDP.

His heart is as firm as a stone, yes, firm as the lower millstone.

His heart is as firm as a stone, yes, firm as the lower millstone.

Containing firm decrees.

Containing firm decrees.

Article 31 If a securities firm is engaged in such businesses as securities assets management and capital and securities financing, it should develop reconciliation statement and send it to customers on monthly basis.

An additional delaying factor was the engagement of services of the programme management firm several months after the professional firms had commenced work for the preparation and submission of the scope confirmation reports.

Article 35 A securities firm should establish and implement effective management system to prevent staff holding or trading stocks directly or in either false name or other s name, or receiving gifted stocks from others.

(3) Where a securities firm, an asset management agency, a securities registration and clearing agency use trading settlement funds, trust funds and funds and securities in secured accounts of clients in violation of provisions

In the interest of prudent financial management, up to one half of the value of firm pledges made by organizations of established repute is recognized as income at the time the pledge is accepted.

Guest at 12 noon Mr. Christopher Burnham, Under Secretary General for Management (on the outcome of a survey on the United Nations procurement service, which was conducted by the consulting firm, Deloitte and Touche)

setting firm the mountains,

setting firm the mountains,

Roots make a firm foundation.

and making the mountains firm

and making the mountains firm

Thirdly, we must be firm.