pleased to proclaim a Royal Enactment as follows: Section 1. This Royal Enactment is called “Royal Enactment on Special Purpose Juristic Persons for Securitisation B.E. 2540” Section 2. This Royal Enactment
otherwise, in case where there are several beneficiaries, exercise of such beneficiaries right under this Act shall be under the following criteria: (1) the amendment to the trust instrument under Section 20
that the trustee shall manage such property for the benefit of beneficiaries. This meaning includes a document showing the intention to create trust whereby a settlor and a trustee are the same person
power to prescribe in its notifications details for compliance of the trustee in the said matter. SECTION 39 In cases where several trustees are appointed, the trustees shall jointly manage the trust
the interest over a specified rate shall not apply to the securities in the category of debenture and bill which are offered for sale under this Act.” SECTION 8 The following provision shall be added as
Code which prohibits fixing the interest over a specified rate shall not apply to the securities in the category of debenture and bill which are offered for sale under this Act. DIVISION 2 DEBENTURE
from the enforcement of this Act. (5) any other activities to be implemented according to the objectives of this Act. All rules, regulations, notifications, orders, or directions that are generally
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
important to note that this is an unofficial English translation which has not been subjected to an official review by the SEC Office. Readers should be aware that only the original Thai text has legal force
Bhumibol Adulyadej is graciously pleased to proclaim that: Whereas it is expedient to enact a law governing derivatives transactions; Whereas this Act contains certain provisions relating to the restriction