comprehension of foreign participants in the SEC’s rules and regulations and shall not in any event be construed or interpreted as having effect in substitution for or supplementary to the Thai version thereof

, underwriters, and arrangers are designed to improve the quality of credit ratings and their usefulness to investors. These provisions should not be interpreted in ways that undermine the independence of CRAs or

provisions should not be interpreted in ways that undermine the independence of CRAs or their ability to issue timely credit ratings. 4 In 2004, following the publication of the IOSCO CRA Principles, IOSCO

conforming to terms and conditions as stated [in the trust instrument] for each class as well; (4) in any case, the trust instrument has not to be interpreted in such a way that it is contradiction or

) the trust instrument shall not be, in all cases, interpreted in conflict with (1) (2) and (3). Clause 9 The stipulation concerning the register and transfer of the units shall be furnished with the