business day in the amount not less than fifteen million Baht and not less than seven percent of the general liabilities except in case of (2) or (3) (2) securities company which also operates as the

such service provider operates business, the intermediary may use the assessment results of the supervisory standards on hedge funds (Principle 28) instead. For the purpose of this Clause: The term

operates project-based business such as a real estate development business or a power plant business, clarify the characteristics of each significant project, e.g., the project location, the characteristics

not more than ten percent of the total voting shares of that listed company. If the common shareholder to be allotted the units operates a custodian business and holds shares in its name for the

. In the case where a securities trading center arranges to have a clearing and settlement system provided by a securities clearing house which operates under a regulatory sandbox , the securities

is responsible for the management of its proprietary account from the unit which operates the securities borrowing and lending service for customers. In the case where the business operator under the

closure on a branch office or order the management company to refrain from establishing a new branch office: (1) it appears that the branch office operates with dishonest and without due care to the

where such financial institution operates; (2) being a creation of obligation related to permissible investment of private funds in accordance with the Notification of the Capital Market Supervisory Board

business and provides services for a client with loyalty, expertise and proficiency, including due diligence and care in the same manner as  a professional would exercise in like circumstances; (2) operates

jurisdiction where such foreign person operates business; (2) being under the supervision of the regulatory agency under Clause 10(1)(b); (3) being a person recognized by the SEC Office. Clause 12 4 Except as