stakeholders. As the market became more developed, new products were introduced and three laws were promulgated to support continuing development of instruments and transactions, namely the Derivatives Act B.E
and international levels long before that. In Thailand, His Majesty the King’s initiative of the Philosophy of Sufficiency Economy has been introduced to the public and applied to all economic levels
Europe. The AIFMD has been introduced by European Securities and Markets Authority (ESMA) which came into force on 22 July 2013. AIFMD is applicable to Thai funds under following circumstances: 1