have a written authorization from investors only.__________________Notes:*  Pursuant to Clause 23(2) and the prohibited characteristics of personnel in the capital market business under Clause 31(1

authorization. According to the conversation recorded, {B} had sent trading orders before notifying her client or sent out selling orders against of the client's instruction. {B} admitted that she had acted as

with them. Some even gave authorization for the companies? staff to submit trading orders on their behalf.The said actions were deemed as undertaking derivatives business without license in contravention

authorization from his client and made SBL trading decisions for the client when there was profit or risk with the client's account. He then informed his client via telephone with regard to the profit and loss on

and ethic as well as deny any clients? authorization to trade securities or derivatives on their behalves."

member jurisdiction to offer CIS constituted and authorised in that jurisdiction ("ASEAN CIS") to retail investors in other member jurisdictions under a streamlined authorization process. The signatories

obligation. (If such acquisition or disposition of shares and convertible securities results in the holding of shares and convertible securities reaches or crosses the trigger points for which the reporting

acquisition or disposition of shares and convertible securities results in the holding of shares and convertible securities reaches or crosses the trigger points for which the reporting obligations of both type

connected persons being Fourteen Points Company Limited (“FP”), MahaNakhon Bespoke Tailoring Company Limited (“MHNK Bespoke”) and Verita MHK (Thailand) Company Limited (“Verita”) in term of loan in the total

regulations to be aligned with the current private fund models. The SEC is therefore conducting this public hearing on the proposed principles and draft amendments with the key points as follows:          (1