Regulatory Alerts2007-01-01 | act_trust2007.pdfThe Trust for Transactions in Capital Market Act B.E. 2550 (2007)
King Bhumibol Adulyadej enacted this Act to establish a legal framework for trusts used in capital market transactions, including securities issuance and securitization. The Securities and Exchange Commission is empowered to supervise these trusts, issue regulations, and license trustees to ensure market integrity and protect beneficiaries. The legislation defines the creation, amendment, and termination of trusts while imposing strict duties on trustees regarding property segregation, conflict of interest, and liability for mismanagement.
Share