--Unofficial translation-
The Notification of the Ministry of Finance
Re: Prescription of Type of Legal Entity Eligible to Apply for Approval on Establishment of Limited​ Company or Public Limited Company to Undertake Securities Business in the Category of Mutual Fund Management and Period for Filing Application
 

By virtue of Section 90 of the Securities and Exchange Act B.E. 2535 in conjunction with Clause 1 of the Ministerial Regulation No.4 (B.E. 2535) promulgated under the Securities and Exchange Act B.E. 2535, Finance Minister by the SEC's recommendation prescribes type of legal entity eligible to apply for approval on establishment of limited company or public limited company to undertake securities business in the category of mutual fund management and period for filing application as follows:

Clause 1 Establishment of limited company or public limited company to undertake securities business in the category of mutual fund management shall be carried out by syndication of financial institution and other legal entities as specified in the Ministerial Regulation No.4 (B.E. 2535) promulgated under the Securities and Exchange Act B.E. 2535 to allow qualified financial institution or such other legal entities to undertake such securities business by means of being shareholders of newly established company.

Clause 2 The following financial institutions shall be eligible to file an application for approval on establishment of limited company or public limited company to undertake securities business in the category of mutual fund management, unless it is notified otherwise:

      ​ 2.1 commercial bank established and registered in the Kingdom of Thailand;

 

       2.2 finance company or finance and securities company established and registered in the Kingdom of Thailand;

 

       2.3 securities company ​established and registered in the Kingdom of Thailand;


       2.4 life insurance company established and registered in the Kingdom of Thailand.

 
 
 

 

 
 
 

Given on the date of 1st December B.E. 2538

 

 

Surakiet Sathienthai
Finance Minister

 

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This English version is prepared by Legal Department with the sole purpose of facilitating the comprehension of foreign participants in the SEC’s rules and regulations and shall not in any event be construed or interpreted as having effect in substitution for or supplementary to the Thai version thereof.

 


 

Please note that the translation has not been subjected to an official review by the SEC Office. The SEC Office, accordingly, cannot undertake any responsibility for its accuracy, nor be held liable for any loss or damages arising out of or in connection with its use.​