undertaking from securities business The SEC has power to determine the undertaking of business in any manner is not a securities business under the Securities and Exchange Act B.E. 2535 (“the SEA”). 1.2

transaction in the capital market. “project” means a securitization project. “SEC” means the Securities and Exchange Commission under the law governing securities and exchange. “the SEC Office” means the Office

with the following provision: “"mutual fund management" means the management of investments under a mutual fund project by issuing investment units of each project for sale to the public and bringing

a special juristic person for the purpose of securitization. “trust” means trust in accordance with law governing trust for transaction in the capital market. “project” means a securitization project

for the purpose of securitization. “trust” means trust in accordance with law governing trust for transaction in the capital market. “project” means a securitization project. “SEC” means the Securities

responsibility for its accuracy nor be held liable for any loss or damages arising from or related to its use. 2 “SECTION 4/1 The SEC shall have the power to determine the undertaking of business in any manner is

use. 2 “mutual fund” means a mutual fund under the law governing securities and exchange. “project” means a securitisation project. “SEC” means the Securities and Exchange Commission under the law

the management of investments under a mutual fund project by issuing investment units of each project for sale to the public and bringing proceeds thereform to invest in, or procure for profit from

without any conditions. "mutual fund management"3 means the management of investments under a mutual fund project by issuing investment units of each project for sale to the public and bringing proceeds

specified in the contract, or to demand the other party to enter into a contract under subsection (1) or (2). “derivatives business” means the undertaking to provide services as the following: (1) a