\(Microsoft Word - Translation PVD-amend \\\(\\305\\247 web\\\) \\251\\272\\321\\272\\267\\325\\350 4 160418\) (Unofficial Translation)* PROVIDENT FUND ACT (No. 4) B.E. 2558 BHUMIBOL ADULYADEJ, REX
provision: “(5) borrowing in the name of the mutual fund or creating any encumbrances on the assets of the mutual fund, except entering into derivative or engaging in the transaction in accordance with the
during which the contravention continues. SECTION 78 Any person, without obtaining approval for operating trust business, using name, describing or advertising itself as a trustee or any other word of the
three hundred thousand baht or both and a further fine not exceeding ten thousand baht for everyday until such person discontinues such acts, unless the person has the right to use such name, description
thousand baht for every day during which the contravention continues. SECTION 78 Any person, without obtaining approval for operating trust business, using name, describing or advertising itself as a trustee
charges specified at the rate and according to procedures in the agreement authorizing the management of the private fund; (3) purchasing or selling assets in its own name with the person authorizing the
holding, by a juristic person whose shares exceeding thirty percent of the total voting rights are held by the persons under the first paragraph, including the spouse or cohabiting couple, and minor
transfers or will transfer an asset to or places or will place an asset with a special juristic person for the purpose of securitization. “trust” means trust in accordance with law governing trust for
ex officio board member. 3.4 Exemption of Thai nationality for the board members In case where the operation of the SET requires certain specialized knowledge or experience of a person who does not
. “derivatives broker” means any person who, in the ordinary course of business, engages or holds himself out to the general public as being ready to engage as an agent in the business of trading in derivatives