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

the management of funds of a person or group of persons who has authorized the management of investment to acquire benefit from securities, whether or not investment in other assets is also made, which

units; (10) any other instruments as specified by the SEC. "bill" means any bill issued for raising funds from the public as specified in the notification of the SEC. "debenture" means any debt instrument

management of funds of a person or group of persons who has authorized the management of investment to acquire benefit from securities, whether or not investment in other assets is also made, which management

Capital Tower All Seasons Place 87/1 Wireless Road Bangkok 10330 Telephone (66) 2305 8000 Facsimile (66) 2305 8010 www.linklaters.com Prepared by: Wilailuk Okanurak Telephone 66 2305 8024 wilailuk.okanurak

HouseStyle (Unofficial Translation) EMERGENCY DECREE ON DIGITAL ASSET BUSINESSES B.E. 2561 (2018) Linklaters (Thailand) Ltd 20th Floor Capital Tower All Seasons Place 87/1 Wireless Road Bangkok 10330

7/1. A fund shall consist of the following assets: (1) savings and contribution; (2) provident funds pursuant to the second paragraph of Section 6; (3) surcharges pursuant to the third paragraph of

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

and fund voting Supervision of the Securities Exchange Enhancing competitiveness of the capital market Establishment of the Capital Market Development Fund (CMDF) Effectiveness, clarity and transparency

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