imposed on the offenders. Details of civil sanctions and associated procedures are available at:  https://www.sec.or.th/EN/pages/lawandregulations/civilpenalty.aspx

operators in foreign jurisdictions/countries with their personnel giving investment advice. Under the governing rules and procedures, foreign business operators, having the prescribed characteristics and

of the Securities and Exchange Commission No. Kor Jor. 12/2567 Re: Rules, Conditions and Procedures for Granting Approval of Initial Coin Offering Portals (No. 11): (https://publish.sec.or.th/nrs

business operations in accordance with relevant rules, conditions and procedures. Therefore, pursuant to Paragraph 1 of Section 35 of the Emergency Decree, the SEC Board at a meeting on 11 January 2024

responsible for decision-making and the disclosure of information related to ICO projects;    2. Token holder resolutions: To improve the regulations regarding token holder resolutions and relevant procedures

civil sanctions and associated procedures are available at:  https://www.sec.or.th/EN/pages/lawandregulations/civilpenalty.aspx

committing the offenses shall be remitted to the Ministry of Finance as public revenue. Note: Details of civil sanctions and associated procedures are available at: https://www.sec.or.th/EN/pages

criminal offenses under the law shall be deemed the offenses whereby civil sanctions may be imposed on the offenders. Details of civil sanctions and associated procedures are available at: https

and Exchange Commission No. Kor Thor 19/2561 Re: Rules, Conditions and Procedures for Undertaking of Digital Asset Businesses dated 3 July 2018: Clause 16/1 A derivatives business operator shall have

areas to prevent conflicts of interest. Additionally, DA operators will be required to establish internal rules or procedures for customer asset safekeeping.   In this regard, the current DA operators