operating crowdfunding portals. The supervised areas include measures and implementation against conflicts of interest, member data storage, disclosure of issuer information, issuer compliance monitoring

/2003 2. Notification of the Securities and Exchange Commission   32/2545 (Synopsis)   28/03/2002 16/04/2002 3. Notification of the Securities and Exchange Commission   47/2540    31/12/1997 31/12/1997 4

frauds and scams as well as money laundering schemes. The list of business operators not supervised by the SEC can be checked at the “investor alert” link https://market.sec.or.th/public/idisc/th

suggests that digital asset transactions be executed through licensed digital asset business operators that are supervised by regulators to ensure that such investment is protected by law. In this regard

be properly supervised by the business providers and for a more effective supervision system to make the regulatory system more efficient and comply with international standard, such as, the right to

Business for Licensed Derivatives Broker (Synopsis)   22/12/2004 16/01/2005 3. Notification of Capital Market Supervisory Board  TorThor. 23/2553 Rules for Undertaking Derivatives Business for Licensed

. Notification of the Securities and Exchange Commission  KorThor/Nor/Khor 4/2548 Qualifications and Other Prohibited Characteristics of Executives of Securities Companies (Synopsis)   17/01/2005 01/03/2005 2

of investor’s wealth creation and the fund raising of issuers. SEC supervised the intermediary and has collection of annual fees at the current rate for some time.SEC, therefore, has a plan to revise

as well as licensees which cease business operations.For financial institutions supervised by other lead regulators and licensed to operate securities or derivatives businesses, such as commercial

following Divisions and Departments:           2.1 Enforcement Division comprises Enforcement Department, Litigation Department and Administrative Appeals Center, supervised by Assistant Secretary-General