not a securities business under this Act.” SECTION 4 The following provision in the first paragraph of Section 16/1 of the Securities and Exchange Act B.E. 2535, as amended by the Securities and

. Guidelines for consideration of the interest in accordance with the first paragraph shall be specified by the SEC. SECTION 14. The SEC shall have the power and duty to formulate policies to promote and develop

shall be prohibited from participating in such consideration. Guidelines for consideration of the interest in accordance with the first paragraph shall be specified by the SEC. SECTION 14. The SEC shall

with integrity and prudence as a professional with expertise by providing fair treatment to beneficiaries. In furtherance of the performance of the trustee’s duty under the first paragraph, the SEC shall

performance of the trustee’s duty under the first paragraph, the SEC shall have the power to specify in details the trustee’s duty. A trust instrument shall contain no clauses exempting the trustee from

furtherance of the performance of the trustee’s duty under the first paragraph, the SEC shall have the power to specify in details the trustee’s duty. A trust instrument shall contain no clauses exempting the

and shall receive performance of obligations from the assets prior to other preferential creditors. 6 In respect of the preferential right under the first paragraph, a holder of the securities shall

, conditions and procedures as specified in the notification of the SEC. The provisions of the first paragraph of Section 133 shall apply mutatis mutandis to the performance of the private fund manager. The

matter to the performance in accordance with this Act during his appointment and performing his duty. The Selection Committee under the first paragraph shall elect a committee member to be the Chairman of

perform any other acts to achieve the purposes of this Emergency Decree for the purpose of securitization. The SEC may delegate the powers and duties under the first paragraph to the Capital Market