Brokerage: Investment Units, failed to comply with the rules, conditions and procedures as specified in the notification by failing to specify the extent and procedure of outsource function related to

Mr. George Rogers Davison (Later changed to Mr.Jatudej Dejwicharn) Between September 1996 and March 1999, Mr. George Rogers Davison, the President of Phoenex Pulp & Paper PLC (PPPC