What is an Independent Member of the Fund Representative Board?

Relating to the new regulations on the activities and management of securities investment funds, I would like to inquire: How is an independent member of the Fund Representative Board defined?

According to Clause 26, Article 2 of Circular 98/2020/TT-BTC, the content is stipulated as follows:

An independent member of the Fund Representative Board is a member not related to the fund management company or the supervising bank.

Respectfully!

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