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

Bangkok, August 18, 2011 ? The SEC revealed that the number of employers setting up provident funds in Q2/2011 increased 8% over 2010 with great attention on ?employee?s choice,? a program that enables employees to choose their own investment policies. To ensure the objective of provident fund for retirement savings, the SEC is revising employee?s choice regulations to provide the funds and its members with adequate risk diversifications and be in accordance with international standards.Senior A...

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

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