Derivatives Act B.E. 2546 (2003) , the Securities and Exchange Commission hereby issues the following regulations: Clause 1 In this Notification: “ securities ” means the securities by definition given under

, “ mutual fund for institutional investors or ultra-high net worth investors ” shall have the same definition as specified for such term in the Notification of the Capital Market Supervisory Board concerning

definition of “parent company”, “subsidiary company”, or “associate company” under Paragraph 4 shall mutatis mutandis be similar to the definition of such terms in the Notification of the Securities and

relationship as well. The definition of the terms “parent company”, “subsidiary company” and “affiliate company” in the second paragraph shall be complied with the definitions in the Notification of the

. The word “option contract” means the contract with the characteristic as specified in (3) of the definition of “derivatives contract” under Section 3 of the Derivatives Act B.E. 2546 (2003). Clause 12

accordance with the Notification of the Office of the Securities and Exchange Commission regarding Determination of Definition of Investor Having Specific Characteristics . The term, “ crowdfunding ” shall

financial institution which has a relationship as parent company , subsidiary company or associate company , unless explicitly given consent by the client. The definition of “ parent company ”, “ subsidiary

stipulate the period reasonably and in consistency with related circumstances, matters and issues. Division 5 Definition _____________________________ Clause 6 In this Notification: “ intermediary ” means a

concerning Determination regarding Definition of Institutional Investor and High Net Worth Investor Who Do Not Request to Take a Suitability Test; (2) high net worth investors as prescribed in the Notification

, and whose unit holders are all institutional investors in accordance with the definition of “ institutional investor ” in the Notification of the Office of the Securities and Exchange Commission No. Sor