such principle and includes the transitional provisions with the effective period for 6 months commencing from the Effective Date of the notification. This will serve as the timeframe for the existing

businesses in case they fail to maintain capital adequacy as required.SEC has proposed a grace period of two years for existing asset management companies and trust managers in operation before the effective

business operation; primarily the meeting will consider the appointment of additional directors to meet the requirement and solve  the existing legal issues , and the repayment on bills of exchange and

internationally recognized and more flexible than property fund.Essentially, the amendment would offer an option to convert one or more property funds into an existing REIT or establish a new REIT, and investment

on such technology for customer communication and service regarding securities and derivatives business. The draft regulations would be imposed on both existing and new operating business providers

review of the existing laws and regulations. The reviewed laws and regulations that are no longer necessary or do not keep pace with situations or remain obstacles to living or occupations will be

derivatives exchange with a minimum fee of 2 million baht in place of the existing fee which only prescribes the fixed rate of 2 million baht. Also, agricultural commodity derivatives would be granted an

existing laws and regulations. The reviewed laws and regulations that are not necessary or do not keep pace with situations or remain obstacles to living or occupations will be abolished or revised to

separate the positions of the Chairman and the Manager.  Accordingly, the Stock Exchange of Thailand will also adopt this principle for existing listed companies.  It is expected that the requirement

proposed amendments will also facilitate the transformation of existing associations to become organizations of capital market business operators.The consultation paper is available on www.sec.or.th