Certification of Accredited Investors
In accordance with the Financial Products Trade Law, the Financial Services Agency will certify qualified entities as "accredited investors" beginning in the summer of 2007. Besides more than 10,000 listed companies, the group is expected to include local governments, hospitals, and schools. Compared with ordinary investors, entities deemed accredited investors will be able to receive favorable treatment in areas like interest rates and fees. Individuals with substantial assets will also be eligible for designation. The actual certification examination will be carried out by financial institutions.