; (2) The trust manager. After an application for an offering for sale of newly issued securities has been filed, but not yet approved, the persons under (1) and (2) shall have the same duty and
have the power to act in his own name for the benefit of all debenture holders in accepting a mortgage, pledge or other collateral, exercising rights to enforce collateral and causing the issuer of
be re-appointed, but who shall not hold office for more than two consecutive terms. SECTION 21. The Secretary-General shall have the qualifications and shall not possess any of the prohibited
of the SEC. SECTION 9. The Chairman and each commission member appointed in accordance with Section 8 shall be Thai nationals and shall not have the following prohibited characteristics: (1) being an
protecting the trust property, the SEC shall have the power to issue notifications prescribing rules, conditions and procedures concerning the payment of the trustee’s own money or property to the third person
trustee shall have appropriate operating systems to: (1) segregate between trust property and the property held in its own capacity; (2) manage the trust property in accordance with the trust instrument and
upon their publication in the Government Gazette. SECTION 7 The Minister of Finance shall be in charge of this Act and shall have the power to issue notifications and appoint competent officers to
derivatives, by entering or offering to enter into such contract, and has been licensed or registered under this Act, excluding those who trade in or offered to trade in derivatives for their own accounts on
itself out to the public as available to provide services with respect to the trading or exchange of digital assets for its own account in the normal course of business outside the digital asset exchange