upon the recommendation of the SEC has the power to specify conditions with which the license holder shall be required to comply in the undertaking of the securities business. In cases where there has

, conditions and procedures as specified in the notification of the SEC upon the recommendation of the Bank of Thailand.

specified in the SEC notification, the Minister shall have the power to revoke the license to operate all or any type of securities businesses so licensed upon the recommendation of the SEC.

institution established in accordance with other laws, and after having obtained a license from the Minister upon the recommendation of the SEC. The formation of a limited company or of a public limited company

Cluster 1 Cluster 2 Cluster 3 Cluster 4 Provident fundsMutual fundsInsurance 3.9 9.4 11.6 24.0 Insurance Provident funds Insurance Primary vehicle Mutual funds Retirement saving adequacy 11% 18% 28% % of

in making an investment or other decision. This presentation should not be viewed as a current or past recommendation or a solicitation of an offer to buy or sell any securities or to adopt any

Electricity Authority 326 employees 8. Ministry of Commerce 307 employees Analysis Using Cluster Analysis for clustering Thai investor based on their behavior or Proportions of their money allocated to each

association between Thai investor cluster membership and their financial literacy. Thai investor clusters differ considerably in their financial literacy such that modern investors tend to possess financial

scheme shall be filed with the SEC via the SEC Office and the SEC shall give recommendation and propose such scheme to the Minister for approval. The scheme shall be prepared with the details and

, assessing a specific risk and making a recommendation, updating or developing a policy, or requesting that the board amend its bylaws, for example). A proposal typically has a “Resolved Clause” (i.e