principle proposes revision to the types of permissible investment products and the qualifications of commercial banks eligible to provide investment and deposit services in relation to asset custody of

overseas as well as in Thailand.  The revised rules cover guidelines for advertisement and publication, areas of permissible marketing activities in Thailand and instructions of benefits received from

management to asset management licensee will be permissible, subject to the specified rules. In addition, REIT holding limit will be relaxed where a REIT trustee will be able to hold up to 50 percent of the

reference. Notification of the Securities and Exchange Commission No. Kor Yor. 51/2547 Re: Determining Proportion of Directors of Derivatives Exchange and Prohibited Characteristics of Directors of

addressing potential damage from operational risks. For example, a lower ongoing capital requirement would be permissible specifically for intermediaries that only provide asset management services excluding

convenient access to paying agents have been allowed to reach out the investors. Furthermore, new types of mutual funds permissible to invest in a variety of assets have been introduced; for example, mutual

PVD rules by increasing the permissible investment  proportion for PVDs in property funds and infrastructure funds, combined with alternative assets such as commodity, from 15 percent to not more than

conditions must be put in place. “This regulatory amendment will open up opportunities for interested entities to set up and manage a high yield bond more flexibly within a permissible scope. Once

conversion price. The said instruments will be permissible for investment of mutual funds, except money market funds, under certain investment limit. The relevant regulations are expected to become effective

The Securities and Exchange Commission UNOFFICIAL TRANSLATION Readers should be aware that only the original Thai text has legal force and that this English translation is strictly for reference. The