that greater flexibility in fund management, together with clearer disclosure requirements, would be appropriate and consistent with the evolving operational context of mutual funds. Accordingly, the SEC
/CDD standards. In 2025, the SEC enhanced KYC/CDD standards for digital asset business operators. Building on this effort, the SEC now intends to establish consistent supervisory guidelines for
, who have duty to communicate with or provide services to the client , to display themselves, by ways and means as determined by the intermediary , that they are assigned by the intermediary to provide
than exports value, with value of imports contracted by 4.7% yoy consistent with the subdued domestic economic conditions. In the tourism sector, the number of tourist arrivals for 2019 continued to
still exhibit a decline of 2.2%. Although the economy is showing signs of recovery in many areas, factors that still need to be monitored include 1) the continuing trade tensions between the US and
exhibit a slowdown. The tourism sector was impacted by the Phuket boat incident and partly resulted in, after seasonal adjustment, the continued decline in the number of foreign tourists during the month of
quality, the Non-Performing Loans (NPLs) continue to show improvement with the Non- Performing Loans (NPLs) to total loans ratio at the end of 2018 declining to 4.1% from 5.0% at the end of 2017. On Special
loan portfolio for the year 2018 expanded at 18.5% from the end of 2017 across all loan segments. For asset quality, the Non-Performing Loans (NPLs) continue to show improvement with the Non- Performing
clients, volume from existing IUs started to show the recovery sign with 17% growth in July from monthly average in Q2’2020. Furthermore, the trend of gas price looks favorable to our SPP business with a