Increasing flexibility of supervision and control of securities business The SEC may exempt a securities company from undertaking or prescribe a securities company to undertake in a different manner from

intermediary should separate development and production environments and allow to access by only authorized personnel for each environment. Such separation may be in the form of using different computers or

complied with the Notification No. Tor Thor. 35/2556 and the Notification No. Sor Thor. 37/2559 . In case of adopting a different approach from the Guidelines, the intermediaries are required to prove that

in compliance with different guideline, should it be able to demonstrate to the Office that such guideline provides for appropriate and effective operating system with acceptable standard. The

with different guideline, should it be able to demonstrate to the Office that such guideline provides for appropriate and effective operating system with acceptable standard. The guideline for the

. Provide the disclosure in a separate section titled “Risk Factors” and separate different types of risk factors into different subsections. 3. In case of offering for sales of unusually risky debt

. However, the interested directors have not attended the meeting nor exercised their voting in favor of this agenda. 10. Opinion of the Audit Committee and/or Directors of the Company that different from the

interested directors have not attended the meeting nor exercised their voting in favor of this agenda. 10. Opinion of the Audit Committee and/or Directors of the Company that different from the Board of

• Key contribution: Only one other laboratories. Not all financial institutions can capture regulators. Regulator roles different. IMPORTANCE OF INVESTMENT ADVISERS IN USA FIDUCIARY DUTY • In USA

Takeovers (and amended). No matter what the price of the newly issued ordinary shares is different from the market price at the date of payment of the capital increase, VAVA agrees not to sell the newly