. "securities business" means any of the following securities businesses: (1) securities brokerage; (2) securities dealing; (3) investment advisory service; (4) securities underwriting; (5) mutual fund management

service; (4) securities underwriting; (5) mutual fund management; (6) private fund management; (7) other businesses relating to securities as specified by the Minister upon recommendation of the SEC

. 2535, as amended by the Securities and Exchange Act (No. 4) B.E. 2551, shall be repealed and replaced with the following provisions: “SECTION 59 A director, manager, person who holds management position