​​​Establishment of Mutual Funds

4. Undertakings after approval

​(1) The mutual fund management company shall offer for sale of investment units within two years from the date of approval.

(2) In the initial public offering, the mutual fund management company may offer for sale of the investment units in an amount exceeding the limit approved by the SEC, but not over 15% of the limit (greenshoe) and must be stated in the scheme.

​​(3) The mutual fund management company must provide an evidentiary document of the rights in  investment units with necessary and sufficient information.