derivatives business operator may request the customer to transfer such securities into its account to be held for such customer. When the derivatives business operator is required to transfer the securities
in accordance with the rules specified by the SEC. “originator” means a person that transfers or will transfer an asset to or places or will place an asset with a special juristic person https
or damages arising from or related to its use. 2 “securitization” means acceptance of transfer of assets or acceptance of assets placed as collateral from an originator for an issuance and offer of
”) as required by international standards • The operation of the SET will be consistent with regulatory objectives and prescribed rules • For transparent and constant operation of the SET while interests
shall come into force on the date following the date of its publication in the Government Gazette. Section 3. In this Royal Enactment, “securitisation” means a receipt of transfer of assets and an
acceptance of transfer of assets or acceptance of assets placed as collateral from an originator for an issuance and offer of securities for sale to investors, providing that proceeds obtained from the offer
juristic person” means a vehicle established for the purpose of securitization and registered as a special purpose juristic person under this Emergency decree. “securitization” means acceptance of transfer
businesses, for the purpose of maintaining the stability of the country’s economy, and protecting investors and the public concerned. The enactment of this Emergency Decree is consistent with the conditions
consistent with the conditions prescribed under Article 26 of the Constitution of the Kingdom of Thailand. His Majesty the King, by virtue of Article 172 of the Constitution of the Kingdom of Thailand, is