The notification of the Ministry of Finance regarding prescription of conditions for securities company to apply for approval of person to be major shareholder defines the “Major Shareholder” as

SEC had proposed, in principle, to amend the definition of major shareholder of the securities companies which at present is determined based on the “number of voting shares” to the “number of

to make a comparison of home and Thai laws on shareholder protection, in materiality. In case where the comparison is not feasible, the companies must provide additional shareholder protection measures

. This marked the first time since 2007 that minority shareholder protection score was among the top 10 ranking,” This significant leap is the result of the SEC’s adjustment of its working practices

investors? interest. In addition to its current focus on local shareholder protection, TIA will expand its efforts to cover protection for investors of other financial products as well as foreign securities

Securities Company Granted an Exemption from Application for Approval of Person to be Major Shareholder

Transactions Given the prevalence of large shareholders and company groups, minority shareholder protection is a key issue. Related party transactions are a common feature of business in Asia. Related entities

shareholder protection which are comparable to the laws and regulations regulating Thai company, otherwise it provides a mechanism for the corporate governance and the essential shareholder protection being

total revenue from the other clients thereof. 7. Safeguards against independence impairment of the partners in the Audit Firm Please explain the safeguard against independence impairment of the partners

of the ultimate shareholder of the Audit Firm. If the major shareholder of the Audit Firm is a company, please specify the major shareholder of that company in order that the SEC Office will have the