MD&A Q3Y2019 (E) - 11.11.19 RATCH Group Public Company Limited Management Discussion and Analysis For the Three-month and Nine-month Periods Ended 30 September, 2019 Management Discussion and

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persons are: (1) {A}, (2) {B}, (3) {C}, (4) {D}, and (5) {E}. The SEC has also banned the persons in (2) - (4) from performing duties as a branch manager in a business related to capital market. All of the

) B.E. 2559 (2016), on three counts. The Civil Sanction Committee has resolved to instruct the SEC to impose civil sanction on the three offenders, as follows: (1) Warot was subject to pay a civil penalty

Following an inspection report from SCB, which is licensed to operate securities business as a Limited Broker Dealer and Underwriter (LBDU) of investment units, SEC conducted a further inquiry and

. 2546 (2003) and liable to punishments under Section 125 of the said Act, namely up to three years? imprisonment or up to 300,000 baht fine or both, and a daily fine of 10,000 baht throughout the period

civil penalty at the total amount of 499.45 million baht. If any of the three offenders refuses to comply with the civil sanction, the SEC will forward the matter for the public attorney to file a lawsuit

. In this regard, six of the offenders are banned for the maximum period of 10 years each, and the other two for five years each. In addition, three branch managers of the bank were penalized for

regulatory barriers to contribute to neighboring countries? economies and capital markets development. Strategy Three: To build a market ecosystem that supports good governance of financial institutions and