Regulatory Alerts1997-01-01 | enactment-specialjuristicperson1997.pdfRoyal Enactment on Special Purpose Juristic Persons for Securitisation B.E. 2540 (1997)
King Bhumibhol Adulyadej of Thailand promulgated this Royal Enactment to establish a legal framework for creating special purpose juristic persons specifically for securitisation transactions. The Securities and Exchange Commission is granted supervisory authority to approve projects, regulate eligible entities, and enforce compliance, while the law provides asset transfer exemptions and defines the rights of security holders. The enactment further outlines operational constraints, dissolution procedures, and penal provisions for non-compliance or obstruction of competent officers.
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