the clients; (3) Other assets shall be segregated in a manner that such assets can be clearly identified that they belong to the clients. Clause 19. A securities company may negotiate with the client on

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

of interest and other encumbrance. Where there is a disclosure of the investment portfolio, it should be disclosed to all investor equally; (3) Using of adequate and reliable information, documents or

3. For a private fund management company which has a license to conduct another securities business, if the company has been permitted by the Office to establish a full-service branch office for the

Office. It is important to note that this is an unofficial English translation which has not been subjected to an official review by the SEC Office. Readers should be aware that only the original Thai text

including the deposit in operating account; (2) Investment in instruments which related persons under clause 20(2)(a) to (c) is an issuer; (3) Transaction with private fund management company; (4) Transaction

transaction without market price or using price which is not market price, management company, shall explain about the reason of such matters to the clients or provident fund committee before request for a

Translation (Unofficial Translation) PAGE (Unofficial Translation) Page 4 of 4 Readers should be aware that only the original Thai text has legal force and that this English translation is strictly

Translation) Page 2 of 4 and abilities suitable to act in the capacity so appointed. The person shall have no record of misconduct and behaviour which may affect to image of the company; (3) prepare the

working paper which must be maintained as a record for a minimum of 3 years; Reporting to the SEC of any non-cooperation cases of the clients. Failure to report to the SEC will be deemed FAs' flaws