company (“AMC”) to easier receive unitholders’ resolution in revision or modification of mutual fund project or management procedure Amendments Details 2.1 Imposing fiduciary duty of AMC in mutual fund
of the securities from a company or owner of securities for sale to the public in consideration of a fee or other remuneration whether with or without any conditions. "mutual fund management" 3 means
thereform to invest in, or procure for profit from holding in, securities, derivative, or any other properties, or invest in or procure for profit by other means. "private fund management"2 means the
following the date of its publication in the Government Gazette. SECTION 3. The definition “mutual fund management” in Section 4 of the Securities and Exchange Act B.E. 2535 shall be repealed and replaced
Supervisory Board.” SECTION 16 The provisions in Section 129 of the Securities and Exchange Act B.E. 2535 shall be repealed and replaced with the following provision: “SECTION 129 For the management of a mutual
prohibited characteristics in accordance with Section 9 and shall not be a director, a manager, a person with power of management, an officer, an employee, an advisor or any other positions of securities
. SECTION 3. The definition “private fund management” in Section 4 of the Securities and Exchange Act B.E. 2535 shall be repealed and replaced with the following provision: “"private fund management" means
institutional investors shall register with the SEC Office, unless it engages in the derivatives fund management business for a mutual fund under the Securities and Exchange Act, then a license from the SEC is
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