their opinion on financial reporting as required by relevant professional standards to ensure that financial reporting represents its true and fair economic substance, operational performance and is

with the proposed amendments.The SEC has therefore issued the relevant notification*, effective from 16 July 2026. The key substance is as follows: where the repurchased shares are securities listed

and develop securities business related to investment management; “debt financing” shall include the issuance of debt instruments or conclusion of any transaction that would result in or is in substance

consideration that the true intention or the substance of the offer for sale of the debt securities constitutes an avoidance of the provisions of the Securities and Exchange Act or this Notification; (2) the

Securities and Exchange Commission concerning the Principles for Undertaking Securities and Derivatives Businesses . Division 3 Substance of provisions _____________________________ Clause 4 The requirements

matter; (b) having been rejected by the SEC Office regarding an application for offer for sale of newly issued shares on a material ground of suspicion concerning management mechanism in the following

transaction of disposition of the Company’s assets in accordance with Notification of the Capital Market Supervisory Board No. TorChor. 20/2551 Re: Rules on Entering into Material Transactions Deemed as

granting of approval under this Notification, certain facts lead to the consideration that the objective or substance of such offer for sale of sukuk has the intention to evade provisions under the law

อนุมัติจัดตั้งมีลักษณะหรือรูปแบบเป็นไปตามหลักเกณฑ์ หรือเงื่อนไขที่จะได้รับอนุมัติตามประกาศนี้ แต่มีข้อเท็จจริงซึ่งทำให้พิจารณาได้ว่าความมุ่งหมาย หรือเนื้อหาสาระที่แท้จริง (substance) ของการจัดตั้งกองทุนรวม

margin loan transactions are genuinely used for securities trading, considering the facts or substance of such transactions. For example, using margin loans to purchase big lot securities from related