shareholder). Many of these transactions facilitate normal day-to-day business of the business group and might be economically efficient. Examples of such transactions are sale or purchase of goods, and

the SEC;             (2) Disclosure of Information by the Association: The Association must disclose information on members, the member offenses and punishment, and other information that facilitates

shall establish rules or regulations which allow for exchange of information about securities clearing and settlement, including any other information obtained during the normal course of operation as a

business offenses became more efficient thanks to the close collaboration with relevant agencies and the improvement of investigation procedures. Fine settlement cases reached 80, up by 67 percent, with a

the execution of electronic transactions which would be deemed as fully legitimate as normal transactions, for example, transactions related to businesses under the SEC supervision, subscription

damages for investors coRPoRAte goveRnAnce Rosc FoR thAIlAnd | 14key findings Offense 2012 2011 2010 SeTTLemenT (PeRSOn) fine (USd)† SeTTLemenT (PeRSOn) fineS (USd)† SeTTLemenT (PeRSOn) fineS (USd