regulations places on all market participants will not result in a lowering of volatility or even a reduction in future volatility as GR investors are comfortable making irrational decisions. V. Conclusion

better liquidity management, relaxing rules governing the merger of mutual funds and prescribing rules on unitholdersû records ● Promoted the issuance of license to operate inter-dealer broker (IDB

recovering after passing through the bottom in April, which was the most affected. After various countries around the world started relaxing their lockdown policies and travel restriction. Combined with the

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E_1 Legal_FA_2015_12_29-c A CorpL4.1hig A Executive Summary of Management Discussion and Analysis 1 For the Year Ending December 31, 2019 Thai economy in 2019 showed decelerating growth at 2.4 percent compared to 4.2 percent in the previous year.The slowdown could be attributed to exports which contracted further due to the stronger Baht and a global economic slowdown. In addition, the investment environment of both the public and private sector remained weak, and private consumption, albeit gro...