The notification of the Ministry of Finance regarding prescription of conditions for securities company to apply for approval of person to be major shareholder defines the “Major Shareholder” as
relevant agencies to consider whether any act is subject to supervision under the Emergency Decree on Digital Asset Businesses B.E. 2561 (2018) or other laws enforced by the SEC. In the meantime, investors
neither been in SEC list of approved issuer nor submitted an application for approval to offer newly issued securities and/or digital token. Therefore, those receiving information or being solicited to
services to protect investors’ asset and stringent supervision on asset separation to keep private funds safe without asking for the approval of being custodian again. Such move will improve flexibility
’ assets and strict supervision on asset separation. The private fund operators can self-custody for its assets under management without applying for the approval of being custodian. Such a move will
management to seek the SEC approval for becoming a REIT manager. The proposed REIT regulations would be more relaxed and flexible than the current ones governing property funds (Type 1). For instance, the unit
compliance supervision throughout the approval period of the auditor. Sincerely, (Signature