company (“AMC”) to easier receive unitholders’ resolution in revision or modification of mutual fund project or management procedure Amendments Details 2.1 Imposing fiduciary duty of AMC in mutual fund
characteristics under (5) or (6) is appointed, the appointed person shall perform his duty only after his resignation from the position under (5) or (6), which shall be within thirty days from the date of
Market Supervisory Board or the SEC Office. In case where any person having characteristics under (5) or (6) is appointed, the appointed person shall perform his duty only after his resignation from the
upon publication in the Government Gazette. Chapter 1 Supervision of Trust for Transactions in Capital Market __________________ SECTION 8 The SEC shall have the power and duty to formulate policies to
The SEC shall have the power and duty to formulate policies to promote, develop and supervise trust for transactions in the capital market. Such power and duty shall include: (1) the issuance of rules
SECTION 8 The SEC shall have the power and duty to formulate policies to promote, develop and supervise trust for transactions in the capital market. Such power and duty shall include: (1) the issuance of
to the Capital Market Development Fund under Section 218/2 within one-hundred and fifty days as of the end date of the calendar year at a rate not less than nighty percent of the income after deducting
perform the duty and function of the Capital Market Supervisory Board in accordance with the Derivatives Act B.E. 2546. SECTION 7. All regulations, rules, notifications, directives or stipulations issued by
under the supervision or the SEC, the Capital Market Supervisory Board or the Office. 3 Where person having characteristics under (5) or (6) is appointed, the appointed person shall perform his duty only
provision in the first paragraph of Section 19 of the Securities and Exchange Act B.E. 2535 shall be repealed and replaced with the following provision: “SECTION 19. The Office has the power and duty to