it was important for any regulatory change to be based on thorough research and empirical evidence and cost-benefit analysis, rather than relying overly on anecdotal evidence. • Brogaard et al (2012

and have undertaken in guaranteeing minimum EBITDA of the REIT, thus, their significant risk and reward were not transferred to the buyer. However, during the period 2019, the Company has reconsidered

value-added offering strategies such as guaranteeing service quality, superior service packages, and premium content to increase ARPU. Discounts on packages have been offered to new customers and those

company has already approved transactions or entered into the contracts with long term obligations such as purchasing and selling contracts, lending, guaranteeing, the company monitors whether the

. Said investment and deposit of assets shall not be overly concentrated at a particular commercial bank, either in Thailand or in another country. Clause 16 Regarding custody of assets received from or

SECURITIES AND EXCHANGE COMMISSION, THAILAND ANNUAL REPORT 2014ANNUAL REPORT 2014 CONTACT INFORMATION This report can be downloaded from www.sec.or.th For more information about this report, please contact: SECURITIES AND EXCHANGE COMMISSION, THAILAND 333/3 Vibhavadi-Rangsit Road, Chomphon, Chatuchak, Bangkok, Thailand 10900 Tel. 1207 or +66 2695 9999 e-mail: info@sec.or.th This 2014 Annual Report is about policies, strategies and performance of the SEC. We aim to supervise and develop the Thai...