delegate its duty to other persons except where: (1) the trust instrument provides otherwise; (2) it is a transaction that is not personal in nature and needs no capability of trustee’s profession; (3) it is

not personal in nature and needs no capability of trustee’s profession; (3) it is a transaction that a reasonable prudent owner of the property of the same characteristics as the trust property, who

transaction that is not personal in nature and needs no capability of trustee’s profession; (3) it is a transaction that a reasonable prudent owner of the property of the same characteristics as the trust

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as a special purpose juristic person. Section 10. In the process of securitization, an originator or a person prescribed by the SEC shall submit a project to the SEC Office, providing that the details

B.E. 2540 B.E. 2558 Amended by the Act Amending the Special Purpose Juristic Persons for Securitization Act B.E. 2540 B.E. 2558 4 Section 10. In the process of securitization, an originator or a person

except where this Emergency Decree prescribes otherwise. In this regard, trustee shall have similar duties and responsibilities as a special purpose juristic person. Section 10. In the process of

of securities and throughout the whole process Amendments Details 4.1 Direct access of the SET The board of directors of the SET may allow person other than securities company which is member of the

registration of the mutual fund, the Office of the SEC shall simultaneously register it as a special purpose juristic person. In the process of securitisation, the SEC shall have the power to issue any

Permanent Secretary of the Ministry of Finance, the Permanent Secretary of the Ministry of Commerce and not fewer than four but not exceeding six experts appointed under nomination process in accordance with