Regulatory Alerts2007-01-01 | act-trust2007-amended.pdfThe Trust for Transactions in Capital Market Act B.E. 2550 (2007)
The Securities and Exchange Commission of Thailand issues this Act to regulate trusts created for capital market transactions, including securities issuance and securitization. The legislation establishes the SEC's supervisory authority and defines the legal requirements for trust instruments, settlors, and trustees. It further mandates strict fiduciary duties, prohibits conflicts of interest, and outlines procedures for trustee alteration and liability to protect beneficiaries.
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