2003. (Translation) -3- Clause 2.3 In providing investment advisory service, the investment advisory company shall at least undertake to act as follows; provided that if it intends to arrange a mutual

that it must impose a password in accordance with the Office’s guideline for the Clause that the system capable to support. Thai Military Securities Public Company Limited The Office consider that the

Exchange Commission No. KorThor.29/2545 Re: Custody of Client Assets of a Securities Company (No. 2), dated 28 March 2002. (Translation) -3- (3) provide a contract or an agreement on the custody of client’s

Translation (Translation) Readers should be aware that only the original Thai text has legal force and that this English translation is strictly for reference. The SEC, Thailand cannot undertake any

Office of the Securities and Exchange Commission. Clause 3. The securities company shall prepare a financial statement in accordance with the format annexed to this Notification and shall also comply with

management company shall comply with the following rules: (1) a person to be appointed shall be a person whose name is on the register of persons qualified to be fund manager. In this regard, the management

specified in a trust instrument, including any property, interest, debt and liability arising from management of a trust in compliance with a trust instrument or this Act.  This English translation of the

Translation (Translation) - 1 - Readers should be aware that only the original Thai text has legal force and that this English translation is strictly for reference. The SEC, Thailand cannot

Dealing which are not Debt Instruments (No. 8) dated 28 February 2005. (Unofficial Translation) Page 3 of 12 Clause 3. In this Notification, the provisions relating to a company licensed to undertake

of Thailand or the over-the-counter center is incorrect. The management company shall arrange to maintain a copy of such report under (1) hereof at its office for inspection by the Office. (Translation