the return of all licenses, or (2) in cases other than (1), where a capital reduction pertains to excess capital reduction that becomes unnecessary for business operations. In any case, it must be

meeting concluded that SEC would revise the supervision regulations which are problematic or unnecessary (regulatory guillotine) and consideration would be given to the differences in business models

legal requirement on minimum face value of debentures may be too high and hinder retail investors to access debt markets, or the prohibition of set-off can cause unnecessary procedures and fees to issuer

project to facilitate the business sector (Regulatory Guillotine*) in order to facilitate and reduce unnecessary costs for the business sector. The consultation paper is available at www.sec.or.th

Guillotine is the regulatory review of the existing laws and regulations. The reviewed laws and regulations that are unnecessary or do not keep pace with situations or remain obstacles to livelihoods or

._____________________Remarks:* Regulatory Guillotine is the regulatory review of the existing laws and regulations. The reviewed laws and regulations that are unnecessary or do not keep pace with situations or remain obstacles

conflicts of interest. The revised rules also protect the best interest of investors by prohibiting collection of redundant fees, prohibiting the exercise of the voting right of the invested funds

income. In addition, many GSTEL creditors are filing lawsuits against the company for debt repayment. IFA therefore views that it is unnecessary to extend the repayment period as the extension is

concerning auditors of subsidiaries, to reduce unnecessary burdens and obstacles to funding. The consultation paper is available at http://capital.sec.or.th/webapp/phs/upload/phs1521168500hearing_06_2561.pdf

had to pay redundant expenses without the knowledge of the undisclosed information of such conflicts of interest, both before and after investing in such foreign funds;                (3)  failing to