token distribution.SEC Deputy Secretary-General Tipsuda Thavaramara said : “the proposed revision is an attempt to find a balance to supervise and reduce obstacles in practices from the regulations

deliberating shareholding proportion, the calculation shall be based on the total number of voting shares of the juristic person being held; (2) the term “any other company” shall also include any limited

etc. [M] · Providing an oversee system the operation of officer under the policy strictly [M] · providing an inspection and assessment of the sufficiency of policy and internal control information

compliance such as training etc. [M] o Providing an oversee system the operation of officer under the policy strictly [M] (Translation) -3- o providing an inspection and assessment of the sufficiency of policy

involved;  Providing agencies with sufficient powers to regulate and monitor market behavior, * The participating Asian economies include: Bangladesh, China, Hong Kong China, India, Indonesia, Korea

mai. This manipulation involved continuous trading activities both before the morning trading session and during intraday trading. Examples include placing large-volume buy and/or sell orders across

exchange service under law of such jurisdiction and is under supervision of authority or agency having duty to supervise derivatives; (5) “foreign derivatives business operator” means juristic person

in writing and shall allocate sufficient personnel and resources for operating the work of branch office as well as arrange to have management and operational system to efficiently supervise and

to efficiently supervise the conduct of its agent, the SEC Office may not allow the management company to further appoint such person as agent, and in case of not allowing, the SEC Office shall clearly

company” dose not include “private fund management company”. 4 Clause 5 In appointing a juristic person to be an agent for selling investment units or receiving requisition of investment unit redemption