development of innovations and financial technologies, as well as to promote the competitiveness and growth of the Thai capital market. In this regard, the enactment of this Act complies with the conditions
term of four years and may be re-appointed but shall not hold office for more than two consecutive terms. Upon expiration of the term of office, the appointment of new Chairman and commissioners shall be
commissioner appointed in accordance with Section 8 shall hold office for a term of four years and may be re-appointed but shall not hold office for more than two consecutive terms. Upon expiration of the term
propose to the Selection Committee a list of experts comprising two times the number of commission members to be appointed. After the Selection Committee has considered the experts qualified to be appointed
been given by the SEC. 19 SECTION 60. At least two fifth of the board of directors of the derivatives exchange shall be persons capable of protecting the interest of members, investors or stakeholders of
been given by the SEC. 19 SECTION 60. At least two fifth of the board of directors of the derivatives exchange shall be persons capable of protecting the interest of members, investors or stakeholders of
have Thai nationality, members of the SET may elect not more than two persons as directors of the SET. 3.5 Extending directors’ term of office The directors, except manager of the SET, shall hold office
digital token portal service provider pursuant to the first paragraph of Section 19, shall be liable to imprisonment for a term not exceeding two years or a fine not exceeding two times the price at which
years and a fine not exceeding two times the price at which all the digital tokens were offered by such person but not less than five hundred thousand Baht. Section 60. Any person who offers digital
civil penalties shall be specified as follows: (1) In case of Section 317/1 (1) or (2), a civil penalty shall be imposed at an amount not exceeding two times the benefit that such person received or