. 3/2557 Rules on Units of Foreign Collective Investment Scheme Exempted from the Provisions of Public Offering for Sale of Securities   30/05/2014 01/07/2014 2. Notification of Capital Market

exceed 25 percent of the NAV as of the investment date; (6)  Regulations related to concentration limit of the issuance value and/or liabilities of the invested business are exempted;  (7)  Sales

restructured before any merger and acquisition. In the case of investments in shares of public limited companies, the filing of the registration statement and draft prospectus will be exempted. In the case of

exempted from the securities business license in the category of private fund management and the derivatives business license in the category of derivatives fund management because they are incidental to

regulator of the recognized ACMF member will be exempted knowledge test on products and rules and regulations in the host country and subject to the specified scope of supervision, such as performance of

of product. Completion of suitability test will be exempted in cases of (1) sale of non-complex product to institutional investor, (2) sale of complex product to institutional investor or sale of any

of exchange issued, accepted or avaled by or drawn on financial institution will no longer be exempted but will be defined and regulated as securities under the Securities and Exchange Act B.E. 2535

Exempted / Light-touch offerings (sophisticated investors, retail investors with limit or private placements) Exempted / Light-touch offerings plus reliance on portal Proposed track for ICO (II/ VC/ PE/ UHNW

information to make their investment decisions. 4 Clause 7 In case where any of the following characteristics applies, the SEC Office may exempt the requirements under this Notification when considering the

may exempt the regulations under this Notification from the consideration of application, or may not enforce the conditions under this Notification to an offer for sale of bonds that has already been