submit its financial statements to the licensed auditor appointed by the board of directors of the SET. • The Fund Committee appoints the Audit Committee comprising three to five persons to perform audit
repealed and replaced with the following provision: “Upon expiration of the term of office of board members, the SEC shall propose a list of experts to the Selection Committee within sixty days in order to
assigned by the SEC or any other activities to be implemented according to the objectives of this Act. SECTION 16/7 The Capital Market Supervisory Board shall have the power to appoint a sub-committee to
/ActandRoyalEnactment/Act/act-sea2008-no4.pdf DRAFT order to protect customers, maintain stability of the financial system or control the risks arising from derivatives, the Capital Market Supervisory Board shall have
drawing lots shall be deemed retirement upon expiration of the term of office. 6 Upon expiration of the term of office of board members, the SEC shall propose a list of experts to the Selection Committee
the term of office. 6Upon expiration of the term of office of board members, the SEC shall propose a list of experts to the Selection Committee within sixty days in order to proceed in accordance with
process to members and shall include a system, in form of a committee, for consideration of appeals filed by the members against the disciplinary sanction. The Capital Market Supervisory Board rules
process to members and shall include a system, in form of a committee, for consideration of appeals filed by the members against the disciplinary sanction. The Capital Market Supervisory Board rules
appointment of a commissioner has been made, the remaining commissioners of the Capital Market Supervisory Board shall retain their offices on the condition that there are at least five persons holding such
. This Act shall come into force after the following date of its publication in the Government Gazette. SECTION 3. The definition “the Capital Market Supervisory Board” shall be inserted between the