) the nature of unlawful act is a violation or non-compliance of provision of law, regulation, order or condition, in materiality or a breach of fiduciary duty or a violation or non-compliance of
Earnings Management • Earnings management includes both legitimate and less legitimate decisions by manager to change accounting policies or real actions in order to smooth earnings or achieve some specific
may deregister a RR where the RR and/or his attached CMSL holder does not comply with any of the requirements as specified in the Handbook. • The SC may take action against the RR for breach of the CMSA
securities company under the law on securities and exchange(SC); □ A life insurance company under the law on life insurance business; □ A financial institution established under specific law according to the
governance framework and develop more detailed mandatory or voluntary provisions that can take into account country-specific economic, legal, and cultural differences. The Principles focus on publicly traded
PowerPoint Presentation Considering whether it constitute law violation Taking legal action(s) Administrative Action Civil Sanction Criminal Action CSC considers whether a civil sanction is proper to
permission to work or stay under the applicable laws of the Host Jurisdiction. In addition, ACMF Pass is country specific. A foreign Professional needs to apply for an ACMF Pass from each Host Jurisdiction he
) insurance business; (5) government financial institution established under specific law; “deliberation procedure in court” means a proceeding in court, whether conducted by either party with the court, or by
specific law; (9) the foreign entity is not in breach of any condition in complying with the terms and conditions; (10) the foreign entity shall appoint a a contact person in Thailand for the purpose of
violation? In-dept investigation and Seeking further evidence End YES NO Considering whether to constitute law violation NO YES Taking legal action(s) Administrative Action Civil Sanction Criminal Action