including [existing] clients of an intermediary. 2 “institutional investor” means an institutional investor as specified in the Notification of the Securities and Exchange Commission concerning the
control and information technology security as specified in the notification of the SEC Office. Clause 8. Derivatives broker shall arrange to have independent director of at least one out of four directors
technology security as specified in the notification of the SEC Office. 3 As amended by the SEC Office Notification No. Kor Thor 13/2549 Re: Rules for Undertaking Derivatives Business for Licensed Derivatives
Notification shall come into force as from 1 December 2012. Clause 2 In this Notification: “REIT Manager” means a person specified in a trust instrument as the manager of REIT with the authority and duty to
one fourth of directors to be independent director. In this regard, the independent director shall have qualification and shall not possess prohibited characteristics as specified by the Notification of
characteristics as specified by the Notification of the Capital Market Supervisory Board concerning Rules on Personnel in the Capital Market Business. For the appointment of the independent director under the first
directors to be independent director. In this regard, the independent director shall have qualification and shall not possess prohibited characteristics as specified by the Notification of the Capital Market
Exchange of Thailand; “investment unit” means: (1) The investment unit specified under the Law on Securities and Exchange; (2) A financial instrument or certificate representing the right of the holder as