paragraph. Clause 4 Limited company or public limited company newly established to apply for securities business license in the category of private fund management shall- (1) have a paid - up registered

date on which the Securities and Exchange Act B.E. 2535 comes into force ; (3) hold shares of any securities company in the amount equal to or exceeding ninety-nine percent of the total paid-up

Notification as published in the Government Gazette. Clause 3 The SEC shall recommend Minister to grant his approval on establishment of limited company or public limited company within ninety days from the date

 in the category of investment advisory service; (3) be able to show that its human resource will be prompt and adequate with a view to responsibility for investment advisory service. Where the

license in the category of venture capital management under this Ministerial Regulation shall- (1) be a limited company or a public limited company newly established to operate securities business in the

or supplementary to the Thai version thereof. Please note that the translation has not been subjected to an official review by the SEC Office. The SEC Office, accordingly, cannot undertake any

SEC Office in accordance with Section 104 of the Securities and Exchange Act B.E. 2535.   Clause 3  Securities company shall file with the SEC Office an application for approval of person to be a major

for or supplementary to the Thai version thereof. Please note that the translation has not been subjected to an official review by the SEC Office. The SEC Office, accordingly, cannot undertake any

invest. 3. In case of a mutual fund for accredited investors, the mutual fund management company shall specify the statement “not for retail fund " at the end of the name of the mutual fund.   ​​(4

attached with supplementary documents as specified by the SEC. Clause 3 In case where the SEC is of the view that limited company or public limited company to be established has qualifications as specified