Board requires more votes than the majority votes. 3. Supervision of the Securities Exchange 5/10 • Enhancing supervision of the SEC on the securities exchange (the Stock Exchange of Thailand: “the SET
rules, regulations, notifications, orders, or directions under this Act; (2) the determination of fees for application for an approval, application for obtaining a license, a license, or for operating the
, application for obtaining a license, a license, or for operating the business as licensed; indicated amendment by the Securities and Exchange Act (No. 5) B.E. 2559 7 (3) the issuance of rules relating to the
with the Administrative Court of First Instance. Division 2 Criminal Sanction ____________________ SECTION 77 Any person undertaking business in a manner similar to trust business without obtaining
SECTION 77 Any person undertaking business in a manner similar to trust business without obtaining approval under Section 54 shall be liable to imprisonment for a term not exceeding ten years or a fine not
business without obtaining approval under Section 54 shall be liable to imprisonment for a term not exceeding ten years or a fine not exceeding one million baht or both and a further fine not exceeding ten
director, an executive or a related person may enter into any transaction with the company or the subsidiary only after obtaining approval from the shareholders’ meeting, unless such transaction is
in a governmental agency, the SEC Office, the Stock Exchange, the over-the-counter center or the Derivatives Exchange, who is in the position or the condition that can access inside information through
B.E. 2535 as amended by this Act has been completed. SECTION 42 All rules, regulations, notifications, or orders of the SEC, the Capital Market Supervisory Board, the SEC Office or the Stock Exchange of
derivatives clearing house. “securities” means securities under the Securities and Exchange Act. “Stock Exchange” means the Stock Exchange of Thailand under the Securities and Exchange Act. “securities trading