securitisation business is an important financial process which can be used to solve the problem of shortage of both short-term and long-term fund in numerous business sectors. Securitisation business will also
Prime Minister Remarks: The reasons for issuing this Emergency Decree are that securitization business is an important financial process which can be used to solve the problem of shortage of both 11 short
that any special purpose juristic person is unable to continue its operations, it shall revoke the registration of the special purpose juristic person. The company shall be dissolved and a liquidator
receivership of a derivatives business operator, and the management of asset deemed to be owned by customer under Section 43 has been finalized, and there are any shortfall in the asset of the customer that can
the operation of a trustee, shall be subject to the administrative sanctions under Section 67, unless it can be proven that he has no involvement with the commission of offence by the trustee. SECTION
. SECTION 36 In cases where a trustee fails to perform duty under Section 34 which causes the trust property of two or more trusts to be commingled in the manner that it is unable to identify to which
under Section 70, the director, manager or any person responsible for the operation of a trustee, shall be subject to the administrative sanctions under Section 67, unless it can be proven that he has no
shall have the authority to issue a writ of execution, in which case the Civil Procedure Code shall apply, mutatis mutandis, and it shall be deemed that the SEC Office is the judgement creditor.” Section
of appointment. If the appointed person fails to resign within the said period, it shall be deemed that such person has never been appointed as the commission member, under the circumstance of which