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PROTOCOL TO IMPLEMENT THE SIXTH PACKAGE OF COMMITMENTS ON FINANCIAL SERVICES UNDER THE

ASEAN FRAMEWORK AGREEMENT ON SERVICES

The Governments of Brunei Darussalam the Kingdom of Cambodia the Republic of Indonesia the Lao Peoples Democratic Republic Malaysia the Republic of the Union of Myanmar the Republic of the Philippines the Republic of Singapore the Kingdom of Thailand and the Socialist Republic of Viet Nam Member States of the Association of Southeast Asian Nations (ASEAN) (hereinafter collectively referred to as Member States or singularly as Member State)

NOTING the ASEAN Framework Agreement on Services (AFAS) signed on 15 December 1995 in Bangkok Thailand which seeks to enhance cooperation in services amongst Member States substantially eliminate restrictions to trade in services amongst Member States and liberalise trade in services by expanding the depth and scope of liberalisation beyond those undertaken by Member States under the General Agreement on Trade in Services (hereinafter referred to as GATS) of the World Trade Organization (hereinafter referred to as WTO)

PURSUANT to the Protocol to Amend the AFAS signed on 2 September 2003 in Phnom Penh Cambodia which incorporates a new Article IV bis into the AFAS that aims to expedite the liberalisation of trade in services within ASEAN

RECALLING the decision of the Leaders to establish the ASEAN Community including the ASEAN Economic

Community (AEC) made in the Declaration of ASEAN Concord II adopted on 7 October 2003 in Bali Indonesia

NOTING the Declaration on the AEC Blueprint signed in Singapore on 20 November 2007 which aims to transform ASEAN into a single market and production base a highly competitive economic region a region of equitable economic development and a region fully integrated into the global economy

MINDFUL of the core elements to establish an ASEAN single market and production base including the element of free flow of services where there will be substantially no restriction to ASEAN services suppliers and the targets and timelines of the AEC Blueprint

RECALLING the Fifteenth ASEAN Finance Ministers Meeting that called on Member States to enter into the sixth round of negotiations on financial services beginning in 2011 and ending in 2013

HAVING carried out and completed the negotiations on financial services pursuant to Article IV of the AFAS and finalised the package of commitments under the sixth round of negotiations on financial services

ACKNOWLEDGING the ASEAN Banking Integration Framework (ABIF) conducted by ASEAN Central Bank Governors process

HAVE AGREED AS FOLLOWS

1 Member States who are WTO Members shall continue to extend their specific commitments under the GATS to other Member States who are non-WTO Members

2

2 This Protocol and its Annexes shall form an integral part of the AF AS

3 The Annexes to this Protocol shall consist of each Member States Consolidated Schedule of Specific Commitments on Financial Services which comprises the Member States horizontal and sector specific commitments and the Lists of Most-Favoured-Nation (MFN) Exemptions

4 Subject to each Member States Consolidated Schedule of Specific Commitments on Financial Services and List of MFN Exemptions Member States shall accord preferential treatment to one another on a MFN basis

5 For the purpose of deepening regional banking integration in accordance with Article IV bis of the AFAS and guided by the principles and governance of ABIF as approved by the ASEAN Central Bank Governors Meeting (ACGM) two or more Member States may conduct negotiations and agree to liberalise their banking sectors Notwithstanding Article X of the AFAS that sets a minimum three-year requirement for modification or withdrawal of Schedules of Specific Commitments each participating Member State may conclude negotiations at any time and shall inscribe its commitments in banking sectors in its respective Consolidated Schedule of Specific Commitments on Financial Services as referred to in paragraph 3Any extension of preferential treatment in the banking sector to the remaining Member States on an MFN basis shall be voluntary on the part of the participating Member States

6 This Protocol and the commitments set out in the Annexes shall enter into force ninety (90) days afterthe date of its signingSubsequent commitments made in accordance with paragraph 5 shall enter into force ninety (90) days after

3

the date such commitments are notified In writing to the ASEAN Finance Ministers Meeting

7 Member States undertake to complete their internal procedures of ratification or acceptance for the entry into force of this Protocol and the commitments set out in the Annexes

8 Each Member State shall upon the completion of its internal procedures of ratification or acceptance of this Protocol and the commitments set out in the Annexes notify the ASEAN Secretariat in writing

9 (1) Where a Member State is unable to complete its internal procedures for the entry into force of this Protocol within ninety (90) days from the date of its signing the rights and obligations of that Member State under this Protocol shall commence on the first day following the date on which notification was made under paragraph 8

(2) Where a Participating Member State is unable to complete its internal procedures within ninety (90) days after the date upon which subsequent commitments made by participating Member States in accordance with paragraph 5 are notified to the ASEAN Finance Ministers Meetingthe rights and obligations of that Participating Member State shall commence on the first day following the date on which notification was made under paragraph 8

10 This Protocol and the commitments set out in the Annexes shall be deposited with the Secretary-General of ASEAN who shall promptly furnish a certified copy thereof to each Member State The Secretary-General of ASEAN shall also promptly furnish notifications of ratification or acceptance made pursuant to paragraph 8 to each Member State

4

IN WITNESS WHEREOF the undersigned being duly authorized thereto by their respective Governments have signed the Protocol to Implement the Sixth Package of Commitments on Financial Services under the AFAS

DONEat___________ _______ this ___of ______in the year Two Thousand and

In a single original copy in the English language

For the Government of Brunei Darussalam

PEHIN DATO ABD RAHMAN IBRAHIM Minister of Finance II at the Prime Ministers Office

For the Government of the Kingdom of Cambodia

AUN PORNMONIROTH Minister of Economy and Finance

For the Government of the Republic of Indonesia

BAMBANG PERMADI SOEMANTRI BRODJONEGORO Minister of Finance

5

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For the Government of the Lao Peoples Democratic Republic

LIEN THIKEO Minister of Finance

For the Government of Malaysia

DATO SERI AHMAD HUSNI MOHAMAD HANADZLAH Minister of Finance II

For the Government of the Republic of the Union of Myanmar

UWIN SHEIN Union Minister Minister of Finance

For the Government of the Republic of the Philippines

CESAR V PURISIMA Secretaryof Finance

6

For the Government of the Republic of Singapore

THARMANSHANMUGARATNAM Deputy Prime Minister and Minister for Finance

For the Government of the Kingdom of Thailand

SOMMAI PHASEE Minister of Finance

For the Government of the Socialist Republic of Viet Nam

DINH TIEN DUNG Minister of Finance

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lic

ence

app

rove

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Min

iste

r o

f Fin

ance

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co

nsen

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et

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mitt

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de

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ks in

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ank

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pani

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TH

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on

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Par

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III

Exi

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ks w

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read

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ad

th

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rst

bran

ch o

ffic

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aila

nd

pri

or

to J

uly

1995

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pen

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ore

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o a

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ran

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f fin

anci

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atio

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d

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quis

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ER

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Mod

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ank

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9 p

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tot

al

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nt o

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old

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In t

he c

ase

whe

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ssar

y to

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tify

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oper

atio

n o

r to

str

engt

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stab

ility

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lly

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ated

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k o

r fo

r th

e pu

rpos

e o

f the

fina

ncia

l in

stitu

tions

sys

tem

sta

bilit

y t

he

Fin

ance

Min

iste

r with

the

re

com

men

datio

n o

f the

Ban

k o

f T

haila

nd s

hall

have

the

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er

to r

elax

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req

uire

men

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sh

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ther

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Suc

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ase

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ank

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7

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Presenc~ o

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ank

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cally

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r fo

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e pu

rpos

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e fi

nanc

ial

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itutio

n sy

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sta

bilit

y t

he

Fin

ance

Min

iste

r w

ith t

he

re

com

men

datio

n o

f th

e B

ank

of

Tha

iland

sha

ll h

ave

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e p

ower

to

rel

ax t

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qu

ire

me

nt

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er

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pres

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III

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abov

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Suc

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an

d t

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inan

cial

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serv

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s

Can

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pro

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d by

lea

sing

co

mpa

nies

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ch a

re s

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ject

to

max

imum

for

eign

eq

uity

par

ticip

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n o

f 49

per

cent

of p

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-up

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capi

tal

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by f

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pa

nie

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hich

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ject

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ma

xim

um

fo

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n eq

uity

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per

ce

nt o

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tal

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cial

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ices

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e

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D

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LE

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MM

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ER

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Mod

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r su

pply

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Con

sum

ptio

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road

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Com

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cial

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e 4)

P

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Can

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9 pe

r cen

t of

pai

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or

by fi

nanc

e co

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nies

w

hich

are

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ject

to m

axim

um

fore

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equi

ty p

artic

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5 pe

r ce

nt o

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capi

tal

Non

e

f)

Cre

dit

char

ge a

nd d

ebit

card

s f)

Cre

dit

char

ge a

nd d

ebit

card

s

Cre

dit

char

ge a

nd d

ebit

card

s ca

n on

ly b

e pr

ovid

ed b

y co

mpa

nies

w

hich

are

sub

ject

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imum

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n eq

uity

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ticip

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n o

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perc

ent

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up r

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pita

l or

loca

lly in

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an

ks a

nd

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bank

bra

nche

s

Non

e

The

con

duct

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usin

esse

s un

der

d)

e) a

nd f)

will

be

subj

ect t

o lic

enS

ing

and

regu

latio

ns t

o b

e an

noun

ced

4)

For

ban

ks

repr

esen

tativ

e of

fices

and

fin

ance

com

pani

es

no q

uant

itativ

e lim

it ap

plie

s fo

r A

SE

AN

nat

iona

ls

App

rova

l sha

ll be

gra

nted

bas

ed o

n fo

reig

n se

rvic

es p

rovi

ders

bus

ines

s pl

ans

and

need

s

I 4)

Non

e

9

I

TH

AIL

AN

D

SC

HE

DU

LEO

FS

PE

CIF

ICC

OM

MIT

ME

NT

SF

OR

FIN

AN

CIA

LSE

RV

ICE

SU

NO

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

orde

r su

pply

2)

Con

sum

ptio

n ab

road

3)

Com

mer

cial

pre

senc

e 4)

P

rese

nce

of

natu

ral p

erso

ns

ii

Se

cto

rorS

ub

sect

or

Li m

itatio

nso

nM

ark

etA

cce

ss i

Lim

itatio

nso

nN

atio

na

lTre

atm

en

t A

dd

itio

na

lCo

mm

itm

en

ts

For

Sec

uriti

es C

ompa

nies

5

-se

curit

ies

brok

erag

e an

d de

alin

g -

deriv

ativ

es b

roke

rage

and

de

alin

g -

secu

ritie

s bo

rrow

ing

and

lend

ing

Tra

ding

for

ow

n ac

coun

t o

r fo

r ac

coun

t of c

usto

mer

s in

th

e fo

llow

ing

(C

) de

rivat

ive

prod

ucts

inc

l

but n

ot li

mite

d to

fu

ture

s an

d op

tions

(E

) tr

ansf

erab

le s

ecur

ities

1)

Unb

ound

2)

Non

e

3)

Unb

ound

exc

ept

I F

or r

epre

sent

ativ

e of

fices

no

ne

II F

or li

cens

ed s

ecur

ities

com

pany

fo

reig

n eq

uity

par

ticip

atio

n ca

n b

e

allo

wed

up

to 1

00 p

erce

nt o

fpai

d-up

ca

pita

l

4)

As

indi

cate

d in

the

hor

izon

tal s

ectio

n

1)

Non

e

2) N

one

3) N

one

4) A

s in

dica

ted

in t

he

hor

izon

tal s

ectio

n

For

Sec

uriti

es C

ompa

nies

tl

Sec

uriti

es U

nder

writ

ing

I 1)

Unb

ound

1)

N

one

Par

ticip

atio

n in

iss

ues

of a

ll ki

nds

of s

ecur

ities

in

clud

ing

I 2)

Non

e 2)

Non

e

unde

rwrit

ing

and

plac

emen

t as

age

nts

(whe

ther

pub

licly

or

priv

atel

y) a

nd p

rovi

sion

of

serv

ices

rel

ated

to

suc

h is

sues

I 3)

Unb

ound

exc

ept

I I

For

rep

rese

ntat

ive

offic

es

none

II F

or li

cens

ed s

ecur

ities

com

pany

fo

reig

n eq

uity

par

ticip

atio

n ca

n be

al

low

ed u

p to

100

per

cent

of p

aid-

up

capi

tal

3) N

one

41A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

4)

A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

6Sec

uriti

es c

ompa

nies

mea

n se

curit

ies

com

pani

es w

hich

are

not

com

mer

cial

ban

ks a

nd in

sura

nce

com

pani

es

10

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mo

de

s o

f Sllp

plL

1) G

ross-b()

rcj~

r su

pply

2)

Con

sulT

lptio

n ab

road

3)

Com

mer

cial

pre

senc

e 4)

P

rese

nce

of

natu

ral p

erso

ns

I S

ecto

rorS

ub

sect

or

Lim

itat

ion

son

Mar

ketA

cces

s L

imit

atio

nso

nN

atio

nal

Tre

atm

ent

Ad

dit

ion

alC

om

mit

men

ts

F

orA

sset

Ma

na

ge

me

nt

Com

pani

es

-m

utua

l fun

d m

an

ag

em

en

t -

priv

ate

fund

ma

na

ge

me

nt

I 1)

Un

bo

un

d

1)

Non

e

-de

riva

tives

fund

m

an

ag

em

en

t I 2

) N

on

e

2)

Non

e

-ve

ntur

e ca

pita

l man

agem

ent

Ass

et

ma

na

ge

me

nt

I 3)

Un

bo

un

d e

xcep

t

I F

or

repr

esen

tativ

e of

fices

n

on

e

II F

or

ass

et m

an

ag

em

en

t com

pani

es

fore

ign

equi

ty p

artic

ipat

ion

can

be

allo

we

d u

p to

100

per

cent

ofp

aid-

up

capi

tal

How

ever

du

ring

the

firs

t fiv

e

year

saft

er th

e lic

ense

has

bee

n gr

ante

d a

t le

ast 5

0 pe

rcen

t o

f th

e

paid

-up

capi

tal o

f th

ea

sse

t m

an

ag

em

en

t com

pany

mu

st b

e h

eld

by

finan

cial

inst

itutio

nses

tabl

ishe

d u

nd

er

Tha

i la

w7

3)

Non

e

For

Sec

uriti

es C

ompa

nies

tl

4A

s in

dic

ate

d in

the

hor

izon

tal s

ectio

n

4) A

s in

dica

ted

in t

he

hor

izon

tal s

ectio

n

Adv

isor

y I

nter

med

iatio

n an

d O

the

r Aux

iliar

y F

inan

cial

I 1

) U

nb

ou

nd

1)

N

one

Ser

vice

s

Inve

stm

en

t Adv

iSO

ry

I 2

No

ne

2)

N

one

7Fin

anci

al in

stitu

tions

esta

blis

hed

unde

r Tha

i law

s in

this

sec

tion

mea

n se

curit

ies

com

pani

es

com

mer

cial

ban

ks

life

insu

ranc

e co

mpa

nies

an

d sp

ecia

lized

fina

ncia

l in

stitu

tions

est

ablis

hed

unde

r spe

cific

law

s

11

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

pl

Sec

toro

rSu

bse

cto

r

1lGr

oss-

bltl

rd~r

sup

ply

2) C

onsu

mpt

ion

abro

ad

lim

itat

ion

son

Mar

ketA

cces

s

3) C

omm

erci

al p

rese

nce

4)

Pre

senc

e o

f nat

ural

per

sons

lim

itat

ion

son

Nat

ion

alT

reat

men

t A

dd

itio

nal

Co

mm

itm

en

ts

3)

Unb

ound

exc

ept

I F

or r

epre

sent

ativ

e of

fices

no

ne

3)

Non

e

II F

or s

ecur

ities

com

pani

es

a)

fore

ign

equi

ty p

artic

ipat

ion

can

be a

llow

ed u

p to

100

per

cent

o

f pai

d-up

cap

ital

b)

Lice

nse

may

be

gra

nted

to

finan

cial

inst

itutio

ns li

cens

ed

unde

r T

hai L

aws

and

a li

mite

d co

mpa

ny w

hich

is n

ewly

es

tabl

ishe

d

4)A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

4)

A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

Oth

er a

uxili

ary

finan

cial

se

rvic

es

Cre

dit c

ard

serv

ices

(C

PC

811

33)

(Mob

ilizi

ng f

unds

from

the

pu

blic

is p

rohi

bite

d u

nles

s lic

ense

d un

der

a fin

anci

al

law

)

1) N

one

2) N

one

3) a

) A

s in

dica

ted

in B

3)(

h)

abov

e

b)

Fin

anci

al in

stitu

tions

mus

t obt

ain

prio

r ap

prov

al f

rom

the

Ban

k of

T

haila

nd

1) N

one

2) N

one

3) N

o lim

itatio

n as

long

as

fore

ign

equi

ty

part

icip

atio

n do

es n

ot e

xcee

d 49

per

ce

nt

4) A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

4) N

one

12

--

TH

AIL

AN

D

S

CH

ED

ULE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IALS

ER

VIC

ES

UN

DE

RA

FA

S

-_ -

-__

__

--

-__

__ -_

--

--

_

_

_

_ _

_---

__

-_

_

-_

_

-__

_-

_

-_

--

_

_-_

_--__

--_

-

Se

cto

rorS

ub

sect

or

Lim

ita

tio

nso

nM

ark

etA

cce

ss

Lim

ita

tio

nso

nN

ati

on

alT

rea

tme

nt

Ad

dit

lon

alC

om

mlt

me

n

ts

Fin

anci

al c

onsu

ltanc

y se

rvic

es

(CP

C 8

1332

)

1) U

nbou

nd

2) N

one

3) N

one

othe

r th

an t

hat

indi

cate

d in

the

ho

rizon

tal s

ectio

n

4)

As

indi

cate

d in

the

hor

izon

tal s

ectio

n

1) N

one

2) N

one

3) N

o lim

itatio

n as

long

as

fore

ign

equi

ty

part

icip

atio

n do

es n

ot e

xcee

d 4

9 p

er

cent

4)

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e

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CIF

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presell~e (

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cto

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sect

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ita

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an

d

retr

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ssio

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life

insu

ran

ce s

erv

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s(C

PC

8

12

11

) 1)

No

ne

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on

e

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ore

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me

nt

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nce

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pro

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th

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on

sen

t of t

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bin

et

4) O

nly

se

nio

r m

an

ag

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ers

on

ne

l sp

eci

alis

ts a

nd

te

chn

ica

l a

ssis

tan

ts w

ith

the

ap

pro

val o

f th

e I

nsu

ran

ce

Co

mm

issi

on

er

1) N

on

e

2)

life

insu

ran

ce p

rem

ium

is t

ax

de

du

ctib

le u

p to

a c

erta

in a

mo

un

t fo

r h

old

ers

of p

olic

ies

issu

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by

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l co

mp

an

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I 3)

No

ne

I 4)

No

ne

No

n-l

ife in

sura

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rvic

es

(CP

C 8

12

9)

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ou

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ep

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tern

atio

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ari

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sit

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es

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nce

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rtic

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are

ca

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nd

I 2)

No

ne

I 3)

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ne

2

-1

TH

AIL

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D

SC

HE

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RV

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ND

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AS

Mod

es o

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ply

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Cro

ss-b

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pply

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) C

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Pre

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sons

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cto

rorS

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sect

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Lim

ita

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mm

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Ser

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ensi

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serv

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)

Insu

ranc

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d ag

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Bro

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sha

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rvic

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est

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licen

se a

ppro

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iste

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ith

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cons

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nly

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prov

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mis

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nbou

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eign

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9 pe

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4 O

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does

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exc

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49

pe

r ce

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4) N

one

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long

as

fore

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equi

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part

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oe

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t exc

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49 p

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cent

4) N

one

3

TH

AIL

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D

SC

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SP

EC

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MM

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RF

INA

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SE

RV

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ND

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AS

Mod

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f Sup

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sum

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e

Ave

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loss

adj

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I 1)

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3) N

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3)

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limita

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as lo

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49

pe

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4)N

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pers

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In

sura

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mis

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4) O

nly

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e

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vice

s

2) N

one

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one

oth

er

than

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t in

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in

3) N

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s fo

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49

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4)N

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In

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Com

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AIL

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AF

AS

Mod

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I

Cro

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pply

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sum

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eign

ban

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anch

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I N

one

for

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ting

fore

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anch

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pre

sent

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areh

oldi

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truc

ture

N

ew

es

tabl

ishm

ent

is s

ubje

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lic

ence

app

rove

d by

the

Min

iste

r o

f Fin

ance

with

the

co

nsen

t of t

he C

abin

et

II

AT

M o

pera

tions

per

mitt

ed

un

de

r th

e fo

llow

ing

cond

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s on

ly

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TM

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o

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ith

oth

er

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mer

cial

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T

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b) F

orei

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ank

bran

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e e

xcep

t as

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cate

d in

the

m

arke

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ess

colu

mn

1 Th

e co

mm

itmen

ts fo

r S

ecur

ities

Com

pani

es u

nder

this

sub

sect

or a

re s

epar

atel

y lis

ted

belo

w

5

TH

AIL

AN

D

SC

HE

DU

LEO

FS

PE

CIF

ICC

OM

MIT

ME

NT

SF

OR

FIN

AN

CIA

LSE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

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roa

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rese

nce

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) P

rese

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of

natu

ral p

ers

on

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Se

cto

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Lim

itatio

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na

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t A

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rans

fera

ble

secu

ritie

s

Par

ticip

atio

n in

iss

ues

of a

ll ki

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ecur

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gent

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2

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an

ks w

hich

al

read

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th

e fi

rst

bran

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nd

pri

or

to J

uly

1995

will

ea

ch b

e p

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than

tw

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5

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Com

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sub

sect

or a

re s

epar

atel

y lis

ted

belo

w

4 Th

e co

mm

itmen

ts o

n In

vest

men

t Adv

isor

y fo

r S

ecur

ities

Com

pani

es u

nder

this

sub

sect

or a

re s

epar

atel

y lis

ted

belo

w

sro

tal n

umbe

r o

f sh

are

s so

ld i

nclu

de v

otin

g a

nd

no

n-v

otin

g s

ha

res

6

TH

AIL

AN

D

SC

HE

DU

LEO

FS

PE

CIF

ICC

OM

MIT

ME

NT

SF

OR

FIN

AN

CIA

LSE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

orde

r su

pply

2)

Con

sum

ptio

n ab

road

3)

Com

ll1er

cial

pre

senc

e 4)

P

rese

nce

of n

atur

al p~rsons

Se

cto

rorS

ub

sect

or

Lim

ita

tio

nso

nM

ark

etA

cce

ss

Lim

ita

tio

nso

nN

ati

on

alT

rea

tme

nt

Ad

dit

ion

alC

om

mit

me

n

ts

(ii)ln

the

ca

se w

here

the

Ban

k o

f T

haila

nd d

eem

s ap

prop

riate

th

e B

ank

of T

haila

nd m

ay g

rant

pe

rmis

sion

tha

t per

sons

of n

onshy

Tha

i na

tiona

lity

hold

sha

res

up

to 4

9 p

erce

nt o

f the

tot

al

amou

nt o

f vot

ing

shar

es s

old

(iii)

In t

he c

ase

whe

re it

is

nece

ssar

y to

rec

tify

the

oper

atio

n o

r to

str

engt

hen

the

stab

ility

of

any

loca

lly

inco

rpor

ated

ban

k o

r fo

r th

e pu

rpos

e o

f the

fina

ncia

l in

stitu

tions

sys

tem

sta

bilit

y t

he

Fin

ance

Min

iste

r with

the

re

com

men

datio

n o

f the

Ban

k o

f T

haila

nd s

hall

have

the

pow

er

to r

elax

the

req

uire

men

t o

f the

sh

areh

oldi

ng o

ther

than

tho

se

pres

crib

ed in

(c)

(

ii)

Suc

h eq

uity

par

ticip

atio

n w

ill b

e au

thor

ized

for

a p

erio

d o

f up

to

10 y

ears

w

ith fo

reig

n sh

areh

olde

rs w

ho e

nter

in t

his

perio

d be

ing

gran

dfat

here

d th

erea

fter

with

res

pect

to th

e ab

solu

te a

mou

nt o

f the

ir eq

uity

ho

ldin

g

III

(i) A

t le

ast t

hree

-fou

rths

of t

he

dire

ctor

s m

ust b

e o

f Tha

i na

tiona

lity

(ii

) In

th

e c

ase

whe

re t

he B

ank

of

7

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

ord

er

supp

ly

2) C

onsu

mpt

ion

abro

ad

3) C

omm

erci

al p

rese

nce

4)

Presenc~ o

f nat

ural

-pe=

-r-s

on

s---_

_--

Sec

toro

rSu

bse

cto

r L

imit

atio

nso

nM

arke

tAcc

ess

Lim

itat

ion

son

Nat

ion

alT

reat

men

t A

dd

itio

nal

Co

mm

itm

en

ts

Tha

iland

de

em

s ap

prop

riat

e

Th

e B

ank

of T

haila

nd m

ay

perm

it a

prop

ortio

n o

f non

-Tha

i na

tiona

lity

dir

ect

ors

of m

ore

than

one

-qua

rter

s b

ut s

hall

not

reac

h on

e h

alf

of t

he

tot

al

nu

mb

er

of d

irec

tors

(ii

i) In

the

cas

e w

he

re it

is

nece

ssar

y to

rec

tify

the

op

erat

ion

or

to s

tren

gthe

n th

e st

abili

ty o

f an

y lo

cally

in

corp

orat

ed b

an

k o

r fo

r th

e pu

rpos

e o

f th

e fi

nanc

ial

inst

itutio

n sy

stem

sta

bilit

y t

he

Fin

ance

Min

iste

r w

ith t

he

re

com

men

datio

n o

f th

e B

ank

of

Tha

iland

sha

ll h

ave

th

e p

ower

to

rel

ax t

he

re

qu

ire

me

nt

of t

he

dire

ctor

ship

oth

er

than

tho

se

pres

crib

ed in

(c)

III

(ii)

abov

e

Suc

h re

laxa

tion

ma

y be

gr

ante

d w

ith r

ule

an

d t

ime

clau

se

d) F

inan

cial

leas

ing

serv

ice

s

Can

onl

y be

pro

vide

d by

lea

sing

co

mpa

nies

whi

ch a

re s

ub

ject

to

max

imum

for

eign

eq

uity

par

ticip

atio

n o

f 49

per

cent

of p

aid

-up

reg

iste

red

capi

tal

or

by f

inan

ce c

om

pa

nie

s w

hich

are

sub

ject

to

ma

xim

um

fo

reig

n eq

uity

par

ticip

atio

n o

f 25

per

ce

nt o

f pai

d-up

reg

iste

red

capi

tal

d) F

inan

cial

leas

ing

serv

ices

Non

e

8

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

orde

r su

pply

2)

Con

sum

ptio

n ab

road

3)

Com

mer

cial

pre

senc

e 4)

P

rese

nce

of n

atur

al p

erso

ns

Sec

toro

rSu

bse

cto

r L

imit

atio

nso

nM

arke

tAcc

ess

Lim

itat

ion

son

Nat

ion

alT

reat

men

t A

dd

itio

nal

Co

mm

itm

en

ts

e) F

acto

ring

serv

ices

e)

Fac

torin

g se

rvic

es

Can

onl

y b

e pr

ovid

ed b

y fa

ctor

ing

com

pani

es w

hich

are

sub

ject

to

max

imum

for

eign

equ

ity p

artic

ipat

ion

of 4

9 pe

r cen

t of

pai

d-up

reg

iste

red

capi

tal

or

by fi

nanc

e co

mpa

nies

w

hich

are

sub

ject

to m

axim

um

fore

ign

equi

ty p

artic

ipat

ion

of 2

5 pe

r ce

nt o

f pai

d-up

reg

iste

red

capi

tal

Non

e

f)

Cre

dit

char

ge a

nd d

ebit

card

s f)

Cre

dit

char

ge a

nd d

ebit

card

s

Cre

dit

char

ge a

nd d

ebit

card

s ca

n on

ly b

e pr

ovid

ed b

y co

mpa

nies

w

hich

are

sub

ject

to

max

imum

fo

reig

n eq

uity

par

ticip

atio

n o

f 49

perc

ent

of p

aid-

up r

egis

tere

d ca

pita

l or

loca

lly in

corp

orat

ed b

an

ks a

nd

fore

ign

bank

bra

nche

s

Non

e

The

con

duct

of b

usin

esse

s un

der

d)

e) a

nd f)

will

be

subj

ect t

o lic

enS

ing

and

regu

latio

ns t

o b

e an

noun

ced

4)

For

ban

ks

repr

esen

tativ

e of

fices

and

fin

ance

com

pani

es

no q

uant

itativ

e lim

it ap

plie

s fo

r A

SE

AN

nat

iona

ls

App

rova

l sha

ll be

gra

nted

bas

ed o

n fo

reig

n se

rvic

es p

rovi

ders

bus

ines

s pl

ans

and

need

s

I 4)

Non

e

9

I

TH

AIL

AN

D

SC

HE

DU

LEO

FS

PE

CIF

ICC

OM

MIT

ME

NT

SF

OR

FIN

AN

CIA

LSE

RV

ICE

SU

NO

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

orde

r su

pply

2)

Con

sum

ptio

n ab

road

3)

Com

mer

cial

pre

senc

e 4)

P

rese

nce

of

natu

ral p

erso

ns

ii

Se

cto

rorS

ub

sect

or

Li m

itatio

nso

nM

ark

etA

cce

ss i

Lim

itatio

nso

nN

atio

na

lTre

atm

en

t A

dd

itio

na

lCo

mm

itm

en

ts

For

Sec

uriti

es C

ompa

nies

5

-se

curit

ies

brok

erag

e an

d de

alin

g -

deriv

ativ

es b

roke

rage

and

de

alin

g -

secu

ritie

s bo

rrow

ing

and

lend

ing

Tra

ding

for

ow

n ac

coun

t o

r fo

r ac

coun

t of c

usto

mer

s in

th

e fo

llow

ing

(C

) de

rivat

ive

prod

ucts

inc

l

but n

ot li

mite

d to

fu

ture

s an

d op

tions

(E

) tr

ansf

erab

le s

ecur

ities

1)

Unb

ound

2)

Non

e

3)

Unb

ound

exc

ept

I F

or r

epre

sent

ativ

e of

fices

no

ne

II F

or li

cens

ed s

ecur

ities

com

pany

fo

reig

n eq

uity

par

ticip

atio

n ca

n b

e

allo

wed

up

to 1

00 p

erce

nt o

fpai

d-up

ca

pita

l

4)

As

indi

cate

d in

the

hor

izon

tal s

ectio

n

1)

Non

e

2) N

one

3) N

one

4) A

s in

dica

ted

in t

he

hor

izon

tal s

ectio

n

For

Sec

uriti

es C

ompa

nies

tl

Sec

uriti

es U

nder

writ

ing

I 1)

Unb

ound

1)

N

one

Par

ticip

atio

n in

iss

ues

of a

ll ki

nds

of s

ecur

ities

in

clud

ing

I 2)

Non

e 2)

Non

e

unde

rwrit

ing

and

plac

emen

t as

age

nts

(whe

ther

pub

licly

or

priv

atel

y) a

nd p

rovi

sion

of

serv

ices

rel

ated

to

suc

h is

sues

I 3)

Unb

ound

exc

ept

I I

For

rep

rese

ntat

ive

offic

es

none

II F

or li

cens

ed s

ecur

ities

com

pany

fo

reig

n eq

uity

par

ticip

atio

n ca

n be

al

low

ed u

p to

100

per

cent

of p

aid-

up

capi

tal

3) N

one

41A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

4)

A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

6Sec

uriti

es c

ompa

nies

mea

n se

curit

ies

com

pani

es w

hich

are

not

com

mer

cial

ban

ks a

nd in

sura

nce

com

pani

es

10

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mo

de

s o

f Sllp

plL

1) G

ross-b()

rcj~

r su

pply

2)

Con

sulT

lptio

n ab

road

3)

Com

mer

cial

pre

senc

e 4)

P

rese

nce

of

natu

ral p

erso

ns

I S

ecto

rorS

ub

sect

or

Lim

itat

ion

son

Mar

ketA

cces

s L

imit

atio

nso

nN

atio

nal

Tre

atm

ent

Ad

dit

ion

alC

om

mit

men

ts

F

orA

sset

Ma

na

ge

me

nt

Com

pani

es

-m

utua

l fun

d m

an

ag

em

en

t -

priv

ate

fund

ma

na

ge

me

nt

I 1)

Un

bo

un

d

1)

Non

e

-de

riva

tives

fund

m

an

ag

em

en

t I 2

) N

on

e

2)

Non

e

-ve

ntur

e ca

pita

l man

agem

ent

Ass

et

ma

na

ge

me

nt

I 3)

Un

bo

un

d e

xcep

t

I F

or

repr

esen

tativ

e of

fices

n

on

e

II F

or

ass

et m

an

ag

em

en

t com

pani

es

fore

ign

equi

ty p

artic

ipat

ion

can

be

allo

we

d u

p to

100

per

cent

ofp

aid-

up

capi

tal

How

ever

du

ring

the

firs

t fiv

e

year

saft

er th

e lic

ense

has

bee

n gr

ante

d a

t le

ast 5

0 pe

rcen

t o

f th

e

paid

-up

capi

tal o

f th

ea

sse

t m

an

ag

em

en

t com

pany

mu

st b

e h

eld

by

finan

cial

inst

itutio

nses

tabl

ishe

d u

nd

er

Tha

i la

w7

3)

Non

e

For

Sec

uriti

es C

ompa

nies

tl

4A

s in

dic

ate

d in

the

hor

izon

tal s

ectio

n

4) A

s in

dica

ted

in t

he

hor

izon

tal s

ectio

n

Adv

isor

y I

nter

med

iatio

n an

d O

the

r Aux

iliar

y F

inan

cial

I 1

) U

nb

ou

nd

1)

N

one

Ser

vice

s

Inve

stm

en

t Adv

iSO

ry

I 2

No

ne

2)

N

one

7Fin

anci

al in

stitu

tions

esta

blis

hed

unde

r Tha

i law

s in

this

sec

tion

mea

n se

curit

ies

com

pani

es

com

mer

cial

ban

ks

life

insu

ranc

e co

mpa

nies

an

d sp

ecia

lized

fina

ncia

l in

stitu

tions

est

ablis

hed

unde

r spe

cific

law

s

11

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

pl

Sec

toro

rSu

bse

cto

r

1lGr

oss-

bltl

rd~r

sup

ply

2) C

onsu

mpt

ion

abro

ad

lim

itat

ion

son

Mar

ketA

cces

s

3) C

omm

erci

al p

rese

nce

4)

Pre

senc

e o

f nat

ural

per

sons

lim

itat

ion

son

Nat

ion

alT

reat

men

t A

dd

itio

nal

Co

mm

itm

en

ts

3)

Unb

ound

exc

ept

I F

or r

epre

sent

ativ

e of

fices

no

ne

3)

Non

e

II F

or s

ecur

ities

com

pani

es

a)

fore

ign

equi

ty p

artic

ipat

ion

can

be a

llow

ed u

p to

100

per

cent

o

f pai

d-up

cap

ital

b)

Lice

nse

may

be

gra

nted

to

finan

cial

inst

itutio

ns li

cens

ed

unde

r T

hai L

aws

and

a li

mite

d co

mpa

ny w

hich

is n

ewly

es

tabl

ishe

d

4)A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

4)

A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

Oth

er a

uxili

ary

finan

cial

se

rvic

es

Cre

dit c

ard

serv

ices

(C

PC

811

33)

(Mob

ilizi

ng f

unds

from

the

pu

blic

is p

rohi

bite

d u

nles

s lic

ense

d un

der

a fin

anci

al

law

)

1) N

one

2) N

one

3) a

) A

s in

dica

ted

in B

3)(

h)

abov

e

b)

Fin

anci

al in

stitu

tions

mus

t obt

ain

prio

r ap

prov

al f

rom

the

Ban

k of

T

haila

nd

1) N

one

2) N

one

3) N

o lim

itatio

n as

long

as

fore

ign

equi

ty

part

icip

atio

n do

es n

ot e

xcee

d 49

per

ce

nt

4) A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

4) N

one

12

--

TH

AIL

AN

D

S

CH

ED

ULE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IALS

ER

VIC

ES

UN

DE

RA

FA

S

-_ -

-__

__

--

-__

__ -_

--

--

_

_

_

_ _

_---

__

-_

_

-_

_

-__

_-

_

-_

--

_

_-_

_--__

--_

-

Se

cto

rorS

ub

sect

or

Lim

ita

tio

nso

nM

ark

etA

cce

ss

Lim

ita

tio

nso

nN

ati

on

alT

rea

tme

nt

Ad

dit

lon

alC

om

mlt

me

n

ts

Fin

anci

al c

onsu

ltanc

y se

rvic

es

(CP

C 8

1332

)

1) U

nbou

nd

2) N

one

3) N

one

othe

r th

an t

hat

indi

cate

d in

the

ho

rizon

tal s

ectio

n

4)

As

indi

cate

d in

the

hor

izon

tal s

ectio

n

1) N

one

2) N

one

3) N

o lim

itatio

n as

long

as

fore

ign

equi

ty

part

icip

atio

n do

es n

ot e

xcee

d 4

9 p

er

cent

4)

Non

e

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presell~e (

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ita

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erv

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ts w

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ap

pro

val o

f th

e I

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ran

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mm

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on

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life

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est

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pe

r ce

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4) N

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TH

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e

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loss

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e

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3)

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s fo

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th

ehor

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tal s

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pe

r ce

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4)N

one

pers

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mis

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nly

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e

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one

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er

than

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dica

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in

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o lim

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s lo

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s fo

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n eq

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ehor

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tal s

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t exc

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49

per

ce

nt

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pers

onne

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AIL

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FS

PE

CIF

ICC

OM

MIT

ME

NT

SF

OR

FIN

AN

CIA

LSE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

orde

r su

pply

2)

Co

nsu

mp

tion

ab

roa

d

3) C

omm

erci

al p

rese

nce

4

) P

rese

nce

of

natu

ral p

ers

on

s

Se

cto

rorS

ub

sect

or

Lim

itatio

nso

nM

ark

etA

cce

ss

Lim

itatio

nso

nN

atio

na

lTre

atm

en

t A

dd

itio

na

lCo

mm

itm

en

ts

(E)T

rans

fera

ble

secu

ritie

s

Par

ticip

atio

n in

iss

ues

of a

ll ki

nds

of s

ecur

ities

in

clud

ing

unde

r-w

ritin

g an

d p

lace

me

nt

as a

gent

(w

heth

er p

ublic

ly o

r pr

ivat

ely)

and

pro

visi

on o

f se

rvic

es r

elat

ed t

o s

uch

is

sues

2

III

Exi

stin

g fo

reig

n b

an

ks w

hich

al

read

y h

ad

th

e fi

rst

bran

ch o

ffic

e in

Th

aila

nd

pri

or

to J

uly

1995

will

ea

ch b

e p

erm

itte

d t

o o

pen

no

m

ore

than

tw

o a

dditi

onal

br

anch

es

IV N

on

e fo

r pa

rtic

ipat

ion

in c

hequ

e cl

eari

ng a

nd

se

ttle

me

nt s

yste

m

Ass

et m

an

ag

em

en

ea

s fo

llow

s

-ca

sh o

r po

rtfo

lio

man

agem

ent

-co

llect

ive

inve

stm

ent

man

agem

ent

-cu

stod

ian

and

depo

sito

ry s

erv

ice

s

Adv

isor

y i

nter

med

iatio

n a

nd

o

the

r au

xilia

ry f

inan

cial

se

rvic

es4

Pro

visi

on a

nd t

ran

sfe

r o

f fin

anci

al in

form

atio

n a

nd

fin

anci

al d

ata

pro

cess

ing

an

d

rela

ted

softw

are

c)

Loca

lly in

corp

ora

ted

ba

nks

I M

ark

et

acc

ess

lim

ited

to t

he

ac

quis

ition

of s

ha

res

of e

xist

ing

bank

s

II (

i) T

he

am

ou

nt o

f sha

res

held

by

pers

ons

of T

ha

i na

tiona

lity

shal

l n

ot b

e le

ss th

an

75

pe

rce

nt o

f th

e to

tal a

mo

un

t of v

otin

g sh

ares

sol

d C

om

bin

ed

sh

areh

oldi

ng o

f an

ind

ivid

ual

and

his

he

r re

late

d pe

rson

s sh

all

no

t e

xce

ed

10

pe

rce

nt o

f to

tal

nu

mb

er

of s

ha

res

sold

5

un

less

oth

erw

ise

per

mitt

ed b

y th

e B

an

k o

f Tha

iland

c)

Loca

lly in

corp

orat

ed b

an

ks

Non

e e

xce

pt a

s in

dica

ted

in t

he

m

ark

et a

cces

s co

lum

n

2 Th

e co

mm

itmen

ts fo

r S

ecur

ities

Com

pani

es u

nder

this

sub

sect

or a

re s

epar

atel

y lis

ted

belo

w

3 Th

e co

mm

itmen

ts fo

r Ass

et M

anag

emen

t Com

pani

es u

nder

this

sub

sect

or a

re s

epar

atel

y lis

ted

belo

w

4 Th

e co

mm

itmen

ts o

n In

vest

men

t Adv

isor

y fo

r S

ecur

ities

Com

pani

es u

nder

this

sub

sect

or a

re s

epar

atel

y lis

ted

belo

w

sro

tal n

umbe

r o

f sh

are

s so

ld i

nclu

de v

otin

g a

nd

no

n-v

otin

g s

ha

res

6

TH

AIL

AN

D

SC

HE

DU

LEO

FS

PE

CIF

ICC

OM

MIT

ME

NT

SF

OR

FIN

AN

CIA

LSE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

orde

r su

pply

2)

Con

sum

ptio

n ab

road

3)

Com

ll1er

cial

pre

senc

e 4)

P

rese

nce

of n

atur

al p~rsons

Se

cto

rorS

ub

sect

or

Lim

ita

tio

nso

nM

ark

etA

cce

ss

Lim

ita

tio

nso

nN

ati

on

alT

rea

tme

nt

Ad

dit

ion

alC

om

mit

me

n

ts

(ii)ln

the

ca

se w

here

the

Ban

k o

f T

haila

nd d

eem

s ap

prop

riate

th

e B

ank

of T

haila

nd m

ay g

rant

pe

rmis

sion

tha

t per

sons

of n

onshy

Tha

i na

tiona

lity

hold

sha

res

up

to 4

9 p

erce

nt o

f the

tot

al

amou

nt o

f vot

ing

shar

es s

old

(iii)

In t

he c

ase

whe

re it

is

nece

ssar

y to

rec

tify

the

oper

atio

n o

r to

str

engt

hen

the

stab

ility

of

any

loca

lly

inco

rpor

ated

ban

k o

r fo

r th

e pu

rpos

e o

f the

fina

ncia

l in

stitu

tions

sys

tem

sta

bilit

y t

he

Fin

ance

Min

iste

r with

the

re

com

men

datio

n o

f the

Ban

k o

f T

haila

nd s

hall

have

the

pow

er

to r

elax

the

req

uire

men

t o

f the

sh

areh

oldi

ng o

ther

than

tho

se

pres

crib

ed in

(c)

(

ii)

Suc

h eq

uity

par

ticip

atio

n w

ill b

e au

thor

ized

for

a p

erio

d o

f up

to

10 y

ears

w

ith fo

reig

n sh

areh

olde

rs w

ho e

nter

in t

his

perio

d be

ing

gran

dfat

here

d th

erea

fter

with

res

pect

to th

e ab

solu

te a

mou

nt o

f the

ir eq

uity

ho

ldin

g

III

(i) A

t le

ast t

hree

-fou

rths

of t

he

dire

ctor

s m

ust b

e o

f Tha

i na

tiona

lity

(ii

) In

th

e c

ase

whe

re t

he B

ank

of

7

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

ord

er

supp

ly

2) C

onsu

mpt

ion

abro

ad

3) C

omm

erci

al p

rese

nce

4)

Presenc~ o

f nat

ural

-pe=

-r-s

on

s---_

_--

Sec

toro

rSu

bse

cto

r L

imit

atio

nso

nM

arke

tAcc

ess

Lim

itat

ion

son

Nat

ion

alT

reat

men

t A

dd

itio

nal

Co

mm

itm

en

ts

Tha

iland

de

em

s ap

prop

riat

e

Th

e B

ank

of T

haila

nd m

ay

perm

it a

prop

ortio

n o

f non

-Tha

i na

tiona

lity

dir

ect

ors

of m

ore

than

one

-qua

rter

s b

ut s

hall

not

reac

h on

e h

alf

of t

he

tot

al

nu

mb

er

of d

irec

tors

(ii

i) In

the

cas

e w

he

re it

is

nece

ssar

y to

rec

tify

the

op

erat

ion

or

to s

tren

gthe

n th

e st

abili

ty o

f an

y lo

cally

in

corp

orat

ed b

an

k o

r fo

r th

e pu

rpos

e o

f th

e fi

nanc

ial

inst

itutio

n sy

stem

sta

bilit

y t

he

Fin

ance

Min

iste

r w

ith t

he

re

com

men

datio

n o

f th

e B

ank

of

Tha

iland

sha

ll h

ave

th

e p

ower

to

rel

ax t

he

re

qu

ire

me

nt

of t

he

dire

ctor

ship

oth

er

than

tho

se

pres

crib

ed in

(c)

III

(ii)

abov

e

Suc

h re

laxa

tion

ma

y be

gr

ante

d w

ith r

ule

an

d t

ime

clau

se

d) F

inan

cial

leas

ing

serv

ice

s

Can

onl

y be

pro

vide

d by

lea

sing

co

mpa

nies

whi

ch a

re s

ub

ject

to

max

imum

for

eign

eq

uity

par

ticip

atio

n o

f 49

per

cent

of p

aid

-up

reg

iste

red

capi

tal

or

by f

inan

ce c

om

pa

nie

s w

hich

are

sub

ject

to

ma

xim

um

fo

reig

n eq

uity

par

ticip

atio

n o

f 25

per

ce

nt o

f pai

d-up

reg

iste

red

capi

tal

d) F

inan

cial

leas

ing

serv

ices

Non

e

8

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

orde

r su

pply

2)

Con

sum

ptio

n ab

road

3)

Com

mer

cial

pre

senc

e 4)

P

rese

nce

of n

atur

al p

erso

ns

Sec

toro

rSu

bse

cto

r L

imit

atio

nso

nM

arke

tAcc

ess

Lim

itat

ion

son

Nat

ion

alT

reat

men

t A

dd

itio

nal

Co

mm

itm

en

ts

e) F

acto

ring

serv

ices

e)

Fac

torin

g se

rvic

es

Can

onl

y b

e pr

ovid

ed b

y fa

ctor

ing

com

pani

es w

hich

are

sub

ject

to

max

imum

for

eign

equ

ity p

artic

ipat

ion

of 4

9 pe

r cen

t of

pai

d-up

reg

iste

red

capi

tal

or

by fi

nanc

e co

mpa

nies

w

hich

are

sub

ject

to m

axim

um

fore

ign

equi

ty p

artic

ipat

ion

of 2

5 pe

r ce

nt o

f pai

d-up

reg

iste

red

capi

tal

Non

e

f)

Cre

dit

char

ge a

nd d

ebit

card

s f)

Cre

dit

char

ge a

nd d

ebit

card

s

Cre

dit

char

ge a

nd d

ebit

card

s ca

n on

ly b

e pr

ovid

ed b

y co

mpa

nies

w

hich

are

sub

ject

to

max

imum

fo

reig

n eq

uity

par

ticip

atio

n o

f 49

perc

ent

of p

aid-

up r

egis

tere

d ca

pita

l or

loca

lly in

corp

orat

ed b

an

ks a

nd

fore

ign

bank

bra

nche

s

Non

e

The

con

duct

of b

usin

esse

s un

der

d)

e) a

nd f)

will

be

subj

ect t

o lic

enS

ing

and

regu

latio

ns t

o b

e an

noun

ced

4)

For

ban

ks

repr

esen

tativ

e of

fices

and

fin

ance

com

pani

es

no q

uant

itativ

e lim

it ap

plie

s fo

r A

SE

AN

nat

iona

ls

App

rova

l sha

ll be

gra

nted

bas

ed o

n fo

reig

n se

rvic

es p

rovi

ders

bus

ines

s pl

ans

and

need

s

I 4)

Non

e

9

I

TH

AIL

AN

D

SC

HE

DU

LEO

FS

PE

CIF

ICC

OM

MIT

ME

NT

SF

OR

FIN

AN

CIA

LSE

RV

ICE

SU

NO

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

orde

r su

pply

2)

Con

sum

ptio

n ab

road

3)

Com

mer

cial

pre

senc

e 4)

P

rese

nce

of

natu

ral p

erso

ns

ii

Se

cto

rorS

ub

sect

or

Li m

itatio

nso

nM

ark

etA

cce

ss i

Lim

itatio

nso

nN

atio

na

lTre

atm

en

t A

dd

itio

na

lCo

mm

itm

en

ts

For

Sec

uriti

es C

ompa

nies

5

-se

curit

ies

brok

erag

e an

d de

alin

g -

deriv

ativ

es b

roke

rage

and

de

alin

g -

secu

ritie

s bo

rrow

ing

and

lend

ing

Tra

ding

for

ow

n ac

coun

t o

r fo

r ac

coun

t of c

usto

mer

s in

th

e fo

llow

ing

(C

) de

rivat

ive

prod

ucts

inc

l

but n

ot li

mite

d to

fu

ture

s an

d op

tions

(E

) tr

ansf

erab

le s

ecur

ities

1)

Unb

ound

2)

Non

e

3)

Unb

ound

exc

ept

I F

or r

epre

sent

ativ

e of

fices

no

ne

II F

or li

cens

ed s

ecur

ities

com

pany

fo

reig

n eq

uity

par

ticip

atio

n ca

n b

e

allo

wed

up

to 1

00 p

erce

nt o

fpai

d-up

ca

pita

l

4)

As

indi

cate

d in

the

hor

izon

tal s

ectio

n

1)

Non

e

2) N

one

3) N

one

4) A

s in

dica

ted

in t

he

hor

izon

tal s

ectio

n

For

Sec

uriti

es C

ompa

nies

tl

Sec

uriti

es U

nder

writ

ing

I 1)

Unb

ound

1)

N

one

Par

ticip

atio

n in

iss

ues

of a

ll ki

nds

of s

ecur

ities

in

clud

ing

I 2)

Non

e 2)

Non

e

unde

rwrit

ing

and

plac

emen

t as

age

nts

(whe

ther

pub

licly

or

priv

atel

y) a

nd p

rovi

sion

of

serv

ices

rel

ated

to

suc

h is

sues

I 3)

Unb

ound

exc

ept

I I

For

rep

rese

ntat

ive

offic

es

none

II F

or li

cens

ed s

ecur

ities

com

pany

fo

reig

n eq

uity

par

ticip

atio

n ca

n be

al

low

ed u

p to

100

per

cent

of p

aid-

up

capi

tal

3) N

one

41A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

4)

A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

6Sec

uriti

es c

ompa

nies

mea

n se

curit

ies

com

pani

es w

hich

are

not

com

mer

cial

ban

ks a

nd in

sura

nce

com

pani

es

10

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mo

de

s o

f Sllp

plL

1) G

ross-b()

rcj~

r su

pply

2)

Con

sulT

lptio

n ab

road

3)

Com

mer

cial

pre

senc

e 4)

P

rese

nce

of

natu

ral p

erso

ns

I S

ecto

rorS

ub

sect

or

Lim

itat

ion

son

Mar

ketA

cces

s L

imit

atio

nso

nN

atio

nal

Tre

atm

ent

Ad

dit

ion

alC

om

mit

men

ts

F

orA

sset

Ma

na

ge

me

nt

Com

pani

es

-m

utua

l fun

d m

an

ag

em

en

t -

priv

ate

fund

ma

na

ge

me

nt

I 1)

Un

bo

un

d

1)

Non

e

-de

riva

tives

fund

m

an

ag

em

en

t I 2

) N

on

e

2)

Non

e

-ve

ntur

e ca

pita

l man

agem

ent

Ass

et

ma

na

ge

me

nt

I 3)

Un

bo

un

d e

xcep

t

I F

or

repr

esen

tativ

e of

fices

n

on

e

II F

or

ass

et m

an

ag

em

en

t com

pani

es

fore

ign

equi

ty p

artic

ipat

ion

can

be

allo

we

d u

p to

100

per

cent

ofp

aid-

up

capi

tal

How

ever

du

ring

the

firs

t fiv

e

year

saft

er th

e lic

ense

has

bee

n gr

ante

d a

t le

ast 5

0 pe

rcen

t o

f th

e

paid

-up

capi

tal o

f th

ea

sse

t m

an

ag

em

en

t com

pany

mu

st b

e h

eld

by

finan

cial

inst

itutio

nses

tabl

ishe

d u

nd

er

Tha

i la

w7

3)

Non

e

For

Sec

uriti

es C

ompa

nies

tl

4A

s in

dic

ate

d in

the

hor

izon

tal s

ectio

n

4) A

s in

dica

ted

in t

he

hor

izon

tal s

ectio

n

Adv

isor

y I

nter

med

iatio

n an

d O

the

r Aux

iliar

y F

inan

cial

I 1

) U

nb

ou

nd

1)

N

one

Ser

vice

s

Inve

stm

en

t Adv

iSO

ry

I 2

No

ne

2)

N

one

7Fin

anci

al in

stitu

tions

esta

blis

hed

unde

r Tha

i law

s in

this

sec

tion

mea

n se

curit

ies

com

pani

es

com

mer

cial

ban

ks

life

insu

ranc

e co

mpa

nies

an

d sp

ecia

lized

fina

ncia

l in

stitu

tions

est

ablis

hed

unde

r spe

cific

law

s

11

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

pl

Sec

toro

rSu

bse

cto

r

1lGr

oss-

bltl

rd~r

sup

ply

2) C

onsu

mpt

ion

abro

ad

lim

itat

ion

son

Mar

ketA

cces

s

3) C

omm

erci

al p

rese

nce

4)

Pre

senc

e o

f nat

ural

per

sons

lim

itat

ion

son

Nat

ion

alT

reat

men

t A

dd

itio

nal

Co

mm

itm

en

ts

3)

Unb

ound

exc

ept

I F

or r

epre

sent

ativ

e of

fices

no

ne

3)

Non

e

II F

or s

ecur

ities

com

pani

es

a)

fore

ign

equi

ty p

artic

ipat

ion

can

be a

llow

ed u

p to

100

per

cent

o

f pai

d-up

cap

ital

b)

Lice

nse

may

be

gra

nted

to

finan

cial

inst

itutio

ns li

cens

ed

unde

r T

hai L

aws

and

a li

mite

d co

mpa

ny w

hich

is n

ewly

es

tabl

ishe

d

4)A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

4)

A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

Oth

er a

uxili

ary

finan

cial

se

rvic

es

Cre

dit c

ard

serv

ices

(C

PC

811

33)

(Mob

ilizi

ng f

unds

from

the

pu

blic

is p

rohi

bite

d u

nles

s lic

ense

d un

der

a fin

anci

al

law

)

1) N

one

2) N

one

3) a

) A

s in

dica

ted

in B

3)(

h)

abov

e

b)

Fin

anci

al in

stitu

tions

mus

t obt

ain

prio

r ap

prov

al f

rom

the

Ban

k of

T

haila

nd

1) N

one

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one

3) N

o lim

itatio

n as

long

as

fore

ign

equi

ty

part

icip

atio

n do

es n

ot e

xcee

d 49

per

ce

nt

4) A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

4) N

one

12

--

TH

AIL

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D

S

CH

ED

ULE

OF

SP

EC

IFIC

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MM

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TS

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DE

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rorS

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ati

on

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rea

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nt

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dit

lon

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om

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me

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ts

Fin

anci

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ltanc

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rvic

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1332

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r th

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long

as

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ign

equi

ty

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icip

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es n

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Pro

toco

l to

Imp

lem

en

t th

e S

ixth

Pac

kage

of C

om

mit

me

nt o

n F

ina

nci

al S

erv

ice

s

un

de

r th

e A

SE

AN

Fra

me

wo

rk A

gre

em

en

t on

Se

rvic

es

TH

AIL

AN

D

SC

HE

DU

LE O

F S

PE

CIF

IC S

ER

VIC

ES

CO

MM

ITM

EN

TS

TH

AIL

AN

D

SC

HE

DU

LEO

FS

PE

CIF

ICC

OM

MIT

ME

NT

SF

OR

FIN

AN

CIA

LSE

RV

ICE

SU

ND

ER

AF

AS

Mo

de

s o

f Sup

ply

1)

Gro

ss-b

ord

er

sup

ply

2)

Co

nsu

mp

tio

n a

bro

ad

3)

G()mmer~ii31

pr(

se

nce

4)

presell~e (

)f n

atu

ral p

ers

on

s

Se

cto

rorS

ub

sect

or

Lim

ita

tio

nso

nM

ark

etA

cce

ss

Lim

itatio

nso

nN

atlo

na

lTre

atm

en

t I

Ad

dit

lon

alC

om

mit

me

n

ts

A

Insu

ran

ce in

clu

din

g

rein

sura

nce

an

d

retr

oce

ssio

n

life

insu

ran

ce s

erv

ice

s(C

PC

8

12

11

) 1)

No

ne

2) N

on

e

3) a

) F

ore

ign

eq

uity

pa

rtic

ipa

tion

lim

ited

to

2

5 p

er

cen

t o

f re

gis

tere

d s

ha

re

capi

tal

b) N

ew

est

ab

lish

me

nt

is s

ub

ject

to

lice

nce

ap

pro

ved

by

the

Min

iste

r with

th

e c

on

sen

t of t

he

Ca

bin

et

4) O

nly

se

nio

r m

an

ag

eri

al p

ers

on

ne

l sp

eci

alis

ts a

nd

te

chn

ica

l a

ssis

tan

ts w

ith

the

ap

pro

val o

f th

e I

nsu

ran

ce

Co

mm

issi

on

er

1) N

on

e

2)

life

insu

ran

ce p

rem

ium

is t

ax

de

du

ctib

le u

p to

a c

erta

in a

mo

un

t fo

r h

old

ers

of p

olic

ies

issu

ed

by

loca

l co

mp

an

ies

I 3)

No

ne

I 4)

No

ne

No

n-l

ife in

sura

nce

se

rvic

es

(CP

C 8

12

9)

1) U

nb

ou

nd

exc

ep

t fo

r in

tern

atio

na

l m

ari

ne

a

via

tion

an

d t

ran

sit

an

d a

ll cl

ass

es

of

rein

sura

nce

2)

No

ne

3) a

) F

ore

ign

eq

uity

pa

rtic

ipa

tion

lim

ited

to

2

5 p

erc

en

t of r

eg

iste

red

sh

are

ca

pita

l

1) U

nb

ou

nd

I 2)

No

ne

I 3)

No

ne

2

-1

TH

AIL

AN

D

SC

HE

DU

LEO

FS

PE

CIF

ICC

OM

MIT

ME

NT

SF

OR

FIN

AN

CIA

LSE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

1

Cro

ss-b

orde

r su

pply

2

) C

onsu

mpt

ion

abro

ad

3) C

omm

erci

al p

rese

nce

4)

Pre

senc

e o

f nat

ural

per

sons

Se

cto

rorS

ub

sect

or

Lim

ita

tio

nso

nM

ark

etA

cce

ss

Lim

itatio

nso

nN

atio

na

lTre

atm

en

t I A

dd

itio

na

lCo

mm

itme

n

ts

Ser

vice

s au

xilia

ry to

in

sura

nce

(exc

ludi

ng p

ensi

on

fund

ing

serv

ices

)

Insu

ranc

e br

okin

g an

d ag

ency

ser

vice

s (C

PC

814

01)(

Bro

kers

sha

ll n

ot i

nduc

e a

dvis

e o

r do

any

a

cts

so a

s to

cau

se a

ny

pers

on t

o en

ter

into

insu

ranc

e co

ntra

cts

with

ins

urer

s ab

road

ex

cept

for

rein

sura

nce

cont

ract

s)

Insu

ranc

e co

nsul

tanc

y se

rvic

es

(CP

C 8

1402

)

b)

New

est

ablis

hmen

t is

sub

ject

to

licen

se a

ppro

ved

by

the

Min

iste

r w

ith

the

cons

ent o

f the

Cab

inet

4) O

nly

seni

or m

anag

eria

l per

sonn

el

spec

ialis

ts a

nd t

echn

ical

ass

ista

nts

with

th

e ap

prov

al o

f the

Ins

uran

ce

Com

mis

sion

er

1) U

nbou

nd

2) U

nbou

nd

3)

For

eign

equ

ity p

artic

ipat

ion

not

to

exce

ed 4

9 pe

r ce

nt

4) a

) O

nly

seni

or m

anag

eria

l per

sonn

el

spec

ialis

ts a

nd t

echn

ical

ass

ista

nts

with

the

app

rova

l of t

he I

nsur

ance

C

omm

issi

oner

b)

U

nbou

nd f

or in

divi

dual

bro

ker

and

agen

t

1) N

one

2) N

one

3) N

one

oth

er t

han

that

indi

cate

d in

the

ho

rizo

jltal

sec

tion

4 O

nly

seni

or m

anag

eria

l per

sonn

el

spec

ialis

ts a

nd t

echn

ical

ass

ista

nts

with

th

e ap

prov

al o

f the

Ins

uran

ce

I 4)

Non

e

1) U

nbou

nd

2) U

nbou

nd

3) N

o lim

itatio

n a

s lo

ng a

s fo

reig

n eq

uity

pa

rtic

ipat

ion

does

not

exc

eed

49

pe

r ce

nt

4) N

one

1) N

one

2) N

one

3) N

o lim

itatio

n as

long

as

fore

ign

equi

ty

part

icip

atio

n d

oe

s no

t exc

eed

49 p

er

cent

4) N

one

3

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

orde

r su

pply

2)

Con

sum

ptio

n ab

road

4

I

Se

cto

rorS

ub

sect

or

Lim

itatio

nso

nM

ark

etA

cce

ss

Ad

dit

ion

alC

om

mit

me

n

ts

1) N

one

se

rvic

es(C

PC

814

03)

2)

Non

e

Ave

rage

and

loss

adj

ustm

ent

I 1)

Non

e

2)

Non

e

3) N

one

oth

er t

han

that

indi

cate

d in

3)

No

limita

tion

as lo

ng a

s fo

reig

n eq

uity

th

ehor

izon

tal s

ectio

n

part

icip

atio

n d

oe

s no

texc

eed

49

pe

r ce

nt

4)N

one

pers

onne

lspe

cial

ists

and

tec

hnic

al

assi

stan

ts w

ith t

he a

ppro

val o

f the

In

sura

nce

Com

mis

sion

er

4) O

nly

seni

or m

anag

eria

l

~shy

1) N

one

1) N

one

(C

PC

814

04)

2)

Non

e

Act

uaria

l ser

vice

s

2) N

one

3) N

one

oth

er

than

tha

t in

dica

ted

in

3) N

o lim

itatio

n a

s lo

ng a

s fo

reig

n eq

uity

th

ehor

izon

tal s

ectio

n

part

icip

atio

n d

oe

s no

t exc

eed

49

per

ce

nt

4)N

one

pers

onne

lspe

cial

ists

and

tec

hnic

al

assi

stan

ts w

ith t

he a

ppro

val o

f the

In

sura

nce

Com

mis

sion

er

4) O

nly

seni

or m

anag

eria

l

4

TH

AIL

AN

D

SC

HE

DU

LE

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ks w

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read

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rst

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ch o

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aila

nd

pri

or

to J

uly

1995

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ank

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Can

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eq

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per

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ks

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it ap

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ll ki

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unde

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age

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II F

or li

cens

ed s

ecur

ities

com

pany

fo

reig

n eq

uity

par

ticip

atio

n ca

n be

al

low

ed u

p to

100

per

cent

of p

aid-

up

capi

tal

3) N

one

41A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

4)

A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

6Sec

uriti

es c

ompa

nies

mea

n se

curit

ies

com

pani

es w

hich

are

not

com

mer

cial

ban

ks a

nd in

sura

nce

com

pani

es

10

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mo

de

s o

f Sllp

plL

1) G

ross-b()

rcj~

r su

pply

2)

Con

sulT

lptio

n ab

road

3)

Com

mer

cial

pre

senc

e 4)

P

rese

nce

of

natu

ral p

erso

ns

I S

ecto

rorS

ub

sect

or

Lim

itat

ion

son

Mar

ketA

cces

s L

imit

atio

nso

nN

atio

nal

Tre

atm

ent

Ad

dit

ion

alC

om

mit

men

ts

F

orA

sset

Ma

na

ge

me

nt

Com

pani

es

-m

utua

l fun

d m

an

ag

em

en

t -

priv

ate

fund

ma

na

ge

me

nt

I 1)

Un

bo

un

d

1)

Non

e

-de

riva

tives

fund

m

an

ag

em

en

t I 2

) N

on

e

2)

Non

e

-ve

ntur

e ca

pita

l man

agem

ent

Ass

et

ma

na

ge

me

nt

I 3)

Un

bo

un

d e

xcep

t

I F

or

repr

esen

tativ

e of

fices

n

on

e

II F

or

ass

et m

an

ag

em

en

t com

pani

es

fore

ign

equi

ty p

artic

ipat

ion

can

be

allo

we

d u

p to

100

per

cent

ofp

aid-

up

capi

tal

How

ever

du

ring

the

firs

t fiv

e

year

saft

er th

e lic

ense

has

bee

n gr

ante

d a

t le

ast 5

0 pe

rcen

t o

f th

e

paid

-up

capi

tal o

f th

ea

sse

t m

an

ag

em

en

t com

pany

mu

st b

e h

eld

by

finan

cial

inst

itutio

nses

tabl

ishe

d u

nd

er

Tha

i la

w7

3)

Non

e

For

Sec

uriti

es C

ompa

nies

tl

4A

s in

dic

ate

d in

the

hor

izon

tal s

ectio

n

4) A

s in

dica

ted

in t

he

hor

izon

tal s

ectio

n

Adv

isor

y I

nter

med

iatio

n an

d O

the

r Aux

iliar

y F

inan

cial

I 1

) U

nb

ou

nd

1)

N

one

Ser

vice

s

Inve

stm

en

t Adv

iSO

ry

I 2

No

ne

2)

N

one

7Fin

anci

al in

stitu

tions

esta

blis

hed

unde

r Tha

i law

s in

this

sec

tion

mea

n se

curit

ies

com

pani

es

com

mer

cial

ban

ks

life

insu

ranc

e co

mpa

nies

an

d sp

ecia

lized

fina

ncia

l in

stitu

tions

est

ablis

hed

unde

r spe

cific

law

s

11

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

pl

Sec

toro

rSu

bse

cto

r

1lGr

oss-

bltl

rd~r

sup

ply

2) C

onsu

mpt

ion

abro

ad

lim

itat

ion

son

Mar

ketA

cces

s

3) C

omm

erci

al p

rese

nce

4)

Pre

senc

e o

f nat

ural

per

sons

lim

itat

ion

son

Nat

ion

alT

reat

men

t A

dd

itio

nal

Co

mm

itm

en

ts

3)

Unb

ound

exc

ept

I F

or r

epre

sent

ativ

e of

fices

no

ne

3)

Non

e

II F

or s

ecur

ities

com

pani

es

a)

fore

ign

equi

ty p

artic

ipat

ion

can

be a

llow

ed u

p to

100

per

cent

o

f pai

d-up

cap

ital

b)

Lice

nse

may

be

gra

nted

to

finan

cial

inst

itutio

ns li

cens

ed

unde

r T

hai L

aws

and

a li

mite

d co

mpa

ny w

hich

is n

ewly

es

tabl

ishe

d

4)A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

4)

A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

Oth

er a

uxili

ary

finan

cial

se

rvic

es

Cre

dit c

ard

serv

ices

(C

PC

811

33)

(Mob

ilizi

ng f

unds

from

the

pu

blic

is p

rohi

bite

d u

nles

s lic

ense

d un

der

a fin

anci

al

law

)

1) N

one

2) N

one

3) a

) A

s in

dica

ted

in B

3)(

h)

abov

e

b)

Fin

anci

al in

stitu

tions

mus

t obt

ain

prio

r ap

prov

al f

rom

the

Ban

k of

T

haila

nd

1) N

one

2) N

one

3) N

o lim

itatio

n as

long

as

fore

ign

equi

ty

part

icip

atio

n do

es n

ot e

xcee

d 49

per

ce

nt

4) A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

4) N

one

12

--

TH

AIL

AN

D

S

CH

ED

ULE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IALS

ER

VIC

ES

UN

DE

RA

FA

S

-_ -

-__

__

--

-__

__ -_

--

--

_

_

_

_ _

_---

__

-_

_

-_

_

-__

_-

_

-_

--

_

_-_

_--__

--_

-

Se

cto

rorS

ub

sect

or

Lim

ita

tio

nso

nM

ark

etA

cce

ss

Lim

ita

tio

nso

nN

ati

on

alT

rea

tme

nt

Ad

dit

lon

alC

om

mlt

me

n

ts

Fin

anci

al c

onsu

ltanc

y se

rvic

es

(CP

C 8

1332

)

1) U

nbou

nd

2) N

one

3) N

one

othe

r th

an t

hat

indi

cate

d in

the

ho

rizon

tal s

ectio

n

4)

As

indi

cate

d in

the

hor

izon

tal s

ectio

n

1) N

one

2) N

one

3) N

o lim

itatio

n as

long

as

fore

ign

equi

ty

part

icip

atio

n do

es n

ot e

xcee

d 4

9 p

er

cent

4)

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toco

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Imp

lem

en

t th

e S

ixth

Pac

kage

of C

om

mit

me

nt o

n F

ina

nci

al S

erv

ice

s

un

de

r th

e A

SE

AN

Fra

me

wo

rk A

gre

em

en

t on

Se

rvic

es

TH

AIL

AN

D

SC

HE

DU

LE O

F S

PE

CIF

IC S

ER

VIC

ES

CO

MM

ITM

EN

TS

TH

AIL

AN

D

SC

HE

DU

LEO

FS

PE

CIF

ICC

OM

MIT

ME

NT

SF

OR

FIN

AN

CIA

LSE

RV

ICE

SU

ND

ER

AF

AS

Mo

de

s o

f Sup

ply

1)

Gro

ss-b

ord

er

sup

ply

2)

Co

nsu

mp

tio

n a

bro

ad

3)

G()mmer~ii31

pr(

se

nce

4)

presell~e (

)f n

atu

ral p

ers

on

s

Se

cto

rorS

ub

sect

or

Lim

ita

tio

nso

nM

ark

etA

cce

ss

Lim

itatio

nso

nN

atlo

na

lTre

atm

en

t I

Ad

dit

lon

alC

om

mit

me

n

ts

A

Insu

ran

ce in

clu

din

g

rein

sura

nce

an

d

retr

oce

ssio

n

life

insu

ran

ce s

erv

ice

s(C

PC

8

12

11

) 1)

No

ne

2) N

on

e

3) a

) F

ore

ign

eq

uity

pa

rtic

ipa

tion

lim

ited

to

2

5 p

er

cen

t o

f re

gis

tere

d s

ha

re

capi

tal

b) N

ew

est

ab

lish

me

nt

is s

ub

ject

to

lice

nce

ap

pro

ved

by

the

Min

iste

r with

th

e c

on

sen

t of t

he

Ca

bin

et

4) O

nly

se

nio

r m

an

ag

eri

al p

ers

on

ne

l sp

eci

alis

ts a

nd

te

chn

ica

l a

ssis

tan

ts w

ith

the

ap

pro

val o

f th

e I

nsu

ran

ce

Co

mm

issi

on

er

1) N

on

e

2)

life

insu

ran

ce p

rem

ium

is t

ax

de

du

ctib

le u

p to

a c

erta

in a

mo

un

t fo

r h

old

ers

of p

olic

ies

issu

ed

by

loca

l co

mp

an

ies

I 3)

No

ne

I 4)

No

ne

No

n-l

ife in

sura

nce

se

rvic

es

(CP

C 8

12

9)

1) U

nb

ou

nd

exc

ep

t fo

r in

tern

atio

na

l m

ari

ne

a

via

tion

an

d t

ran

sit

an

d a

ll cl

ass

es

of

rein

sura

nce

2)

No

ne

3) a

) F

ore

ign

eq

uity

pa

rtic

ipa

tion

lim

ited

to

2

5 p

erc

en

t of r

eg

iste

red

sh

are

ca

pita

l

1) U

nb

ou

nd

I 2)

No

ne

I 3)

No

ne

2

-1

TH

AIL

AN

D

SC

HE

DU

LEO

FS

PE

CIF

ICC

OM

MIT

ME

NT

SF

OR

FIN

AN

CIA

LSE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

1

Cro

ss-b

orde

r su

pply

2

) C

onsu

mpt

ion

abro

ad

3) C

omm

erci

al p

rese

nce

4)

Pre

senc

e o

f nat

ural

per

sons

Se

cto

rorS

ub

sect

or

Lim

ita

tio

nso

nM

ark

etA

cce

ss

Lim

itatio

nso

nN

atio

na

lTre

atm

en

t I A

dd

itio

na

lCo

mm

itme

n

ts

Ser

vice

s au

xilia

ry to

in

sura

nce

(exc

ludi

ng p

ensi

on

fund

ing

serv

ices

)

Insu

ranc

e br

okin

g an

d ag

ency

ser

vice

s (C

PC

814

01)(

Bro

kers

sha

ll n

ot i

nduc

e a

dvis

e o

r do

any

a

cts

so a

s to

cau

se a

ny

pers

on t

o en

ter

into

insu

ranc

e co

ntra

cts

with

ins

urer

s ab

road

ex

cept

for

rein

sura

nce

cont

ract

s)

Insu

ranc

e co

nsul

tanc

y se

rvic

es

(CP

C 8

1402

)

b)

New

est

ablis

hmen

t is

sub

ject

to

licen

se a

ppro

ved

by

the

Min

iste

r w

ith

the

cons

ent o

f the

Cab

inet

4) O

nly

seni

or m

anag

eria

l per

sonn

el

spec

ialis

ts a

nd t

echn

ical

ass

ista

nts

with

th

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prov

al o

f the

Ins

uran

ce

Com

mis

sion

er

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nbou

nd

2) U

nbou

nd

3)

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eign

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artic

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ion

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exce

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r ce

nt

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) O

nly

seni

or m

anag

eria

l per

sonn

el

spec

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ts a

nd t

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ass

ista

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with

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rova

l of t

he I

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omm

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nd f

or in

divi

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bro

ker

and

agen

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er t

han

that

indi

cate

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the

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sec

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4 O

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ts a

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th

e ap

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Ins

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ce

I 4)

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e

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nd

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eed

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pe

r ce

nt

4) N

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one

2) N

one

3) N

o lim

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n as

long

as

fore

ign

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atio

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oe

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t exc

eed

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cent

4) N

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TH

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ND

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AF

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Mod

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pe

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onne

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assi

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In

sura

nce

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er

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nly

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e

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s

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er

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eed

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ce

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onne

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) R

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fice

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e b)

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ban

k br

anch

es

I N

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for

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ting

fore

ign

bank

br

anch

es u

nder

pre

sent

sh

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oldi

ng s

truc

ture

N

ew

es

tabl

ishm

ent

is s

ubje

ct to

lic

ence

app

rove

d by

the

Min

iste

r o

f Fin

ance

with

the

co

nsen

t of t

he C

abin

et

II

AT

M o

pera

tions

per

mitt

ed

un

de

r th

e fo

llow

ing

cond

ition

s on

ly

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inin

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TM

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o

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s w

ith

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er

com

mer

cial

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ks in

T

haila

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orei

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ank

bran

ches

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e e

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m

arke

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ess

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mn

1 Th

e co

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ts fo

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Com

pani

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nder

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TH

AIL

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D

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HE

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Mod

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rese

nce

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ral p

ers

on

s

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fera

ble

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Par

ticip

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ll ki

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lace

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nt

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gent

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sues

2

III

Exi

stin

g fo

reig

n b

an

ks w

hich

al

read

y h

ad

th

e fi

rst

bran

ch o

ffic

e in

Th

aila

nd

pri

or

to J

uly

1995

will

ea

ch b

e p

erm

itte

d t

o o

pen

no

m

ore

than

tw

o a

dditi

onal

br

anch

es

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e fo

r pa

rtic

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in c

hequ

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eari

ng a

nd

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ttle

me

nt s

yste

m

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et m

an

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em

en

ea

s fo

llow

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r po

rtfo

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agem

ent

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llect

ive

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stm

ent

man

agem

ent

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ian

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sito

ry s

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s

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isor

y i

nter

med

iatio

n a

nd

o

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r au

xilia

ry f

inan

cial

se

rvic

es4

Pro

visi

on a

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ran

sfe

r o

f fin

anci

al in

form

atio

n a

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fin

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ata

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cess

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an

d

rela

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are

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lly in

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nks

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ark

et

acc

ess

lim

ited

to t

he

ac

quis

ition

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xist

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i) T

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k o

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ks

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TH

AIL

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D

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HE

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FS

PE

CIF

ICC

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NT

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OR

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RV

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ND

ER

AF

AS

Mod

es o

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ply

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ss-b

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pply

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Con

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ptio

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road

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e 4)

P

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nce

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atur

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cto

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nt

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om

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ts

(ii)ln

the

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se w

here

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Ban

k o

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haila

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eem

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ank

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ay g

rant

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t per

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i na

tiona

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sha

res

up

to 4

9 p

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nt o

f the

tot

al

amou

nt o

f vot

ing

shar

es s

old

(iii)

In t

he c

ase

whe

re it

is

nece

ssar

y to

rec

tify

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oper

atio

n o

r to

str

engt

hen

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stab

ility

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lly

inco

rpor

ated

ban

k o

r fo

r th

e pu

rpos

e o

f the

fina

ncia

l in

stitu

tions

sys

tem

sta

bilit

y t

he

Fin

ance

Min

iste

r with

the

re

com

men

datio

n o

f the

Ban

k o

f T

haila

nd s

hall

have

the

pow

er

to r

elax

the

req

uire

men

t o

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sh

areh

oldi

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ther

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tho

se

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Suc

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uity

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ticip

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) In

th

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ase

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re t

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ank

of

7

TH

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Mod

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Presenc~ o

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on

s---_

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Co

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prop

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ank

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ay

perm

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re it

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n th

e st

abili

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y lo

cally

in

corp

orat

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an

k o

r fo

r th

e pu

rpos

e o

f th

e fi

nanc

ial

inst

itutio

n sy

stem

sta

bilit

y t

he

Fin

ance

Min

iste

r w

ith t

he

re

com

men

datio

n o

f th

e B

ank

of

Tha

iland

sha

ll h

ave

th

e p

ower

to

rel

ax t

he

re

qu

ire

me

nt

of t

he

dire

ctor

ship

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er

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tho

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pres

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III

(ii)

abov

e

Suc

h re

laxa

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ma

y be

gr

ante

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ith r

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an

d t

ime

clau

se

d) F

inan

cial

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ing

serv

ice

s

Can

onl

y be

pro

vide

d by

lea

sing

co

mpa

nies

whi

ch a

re s

ub

ject

to

max

imum

for

eign

eq

uity

par

ticip

atio

n o

f 49

per

cent

of p

aid

-up

reg

iste

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capi

tal

or

by f

inan

ce c

om

pa

nie

s w

hich

are

sub

ject

to

ma

xim

um

fo

reig

n eq

uity

par

ticip

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n o

f 25

per

ce

nt o

f pai

d-up

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tal

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inan

cial

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ing

serv

ices

Non

e

8

TH

AIL

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D

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HE

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LE

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IFIC

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MM

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RV

ICE

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ND

ER

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AS

Mod

es o

f Sup

ply

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Cro

ss-b

orde

r su

pply

2)

Con

sum

ptio

n ab

road

3)

Com

mer

cial

pre

senc

e 4)

P

rese

nce

of n

atur

al p

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ns

Sec

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rSu

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r L

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atio

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nM

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ess

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itat

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ion

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t A

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itio

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Co

mm

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ring

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ices

e)

Fac

torin

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rvic

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Can

onl

y b

e pr

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ed b

y fa

ctor

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com

pani

es w

hich

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ject

to

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imum

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eign

equ

ity p

artic

ipat

ion

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9 pe

r cen

t of

pai

d-up

reg

iste

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capi

tal

or

by fi

nanc

e co

mpa

nies

w

hich

are

sub

ject

to m

axim

um

fore

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equi

ty p

artic

ipat

ion

of 2

5 pe

r ce

nt o

f pai

d-up

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capi

tal

Non

e

f)

Cre

dit

char

ge a

nd d

ebit

card

s f)

Cre

dit

char

ge a

nd d

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card

s

Cre

dit

char

ge a

nd d

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card

s ca

n on

ly b

e pr

ovid

ed b

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nies

w

hich

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ject

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max

imum

fo

reig

n eq

uity

par

ticip

atio

n o

f 49

perc

ent

of p

aid-

up r

egis

tere

d ca

pita

l or

loca

lly in

corp

orat

ed b

an

ks a

nd

fore

ign

bank

bra

nche

s

Non

e

The

con

duct

of b

usin

esse

s un

der

d)

e) a

nd f)

will

be

subj

ect t

o lic

enS

ing

and

regu

latio

ns t

o b

e an

noun

ced

4)

For

ban

ks

repr

esen

tativ

e of

fices

and

fin

ance

com

pani

es

no q

uant

itativ

e lim

it ap

plie

s fo

r A

SE

AN

nat

iona

ls

App

rova

l sha

ll be

gra

nted

bas

ed o

n fo

reig

n se

rvic

es p

rovi

ders

bus

ines

s pl

ans

and

need

s

I 4)

Non

e

9

I

TH

AIL

AN

D

SC

HE

DU

LEO

FS

PE

CIF

ICC

OM

MIT

ME

NT

SF

OR

FIN

AN

CIA

LSE

RV

ICE

SU

NO

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

orde

r su

pply

2)

Con

sum

ptio

n ab

road

3)

Com

mer

cial

pre

senc

e 4)

P

rese

nce

of

natu

ral p

erso

ns

ii

Se

cto

rorS

ub

sect

or

Li m

itatio

nso

nM

ark

etA

cce

ss i

Lim

itatio

nso

nN

atio

na

lTre

atm

en

t A

dd

itio

na

lCo

mm

itm

en

ts

For

Sec

uriti

es C

ompa

nies

5

-se

curit

ies

brok

erag

e an

d de

alin

g -

deriv

ativ

es b

roke

rage

and

de

alin

g -

secu

ritie

s bo

rrow

ing

and

lend

ing

Tra

ding

for

ow

n ac

coun

t o

r fo

r ac

coun

t of c

usto

mer

s in

th

e fo

llow

ing

(C

) de

rivat

ive

prod

ucts

inc

l

but n

ot li

mite

d to

fu

ture

s an

d op

tions

(E

) tr

ansf

erab

le s

ecur

ities

1)

Unb

ound

2)

Non

e

3)

Unb

ound

exc

ept

I F

or r

epre

sent

ativ

e of

fices

no

ne

II F

or li

cens

ed s

ecur

ities

com

pany

fo

reig

n eq

uity

par

ticip

atio

n ca

n b

e

allo

wed

up

to 1

00 p

erce

nt o

fpai

d-up

ca

pita

l

4)

As

indi

cate

d in

the

hor

izon

tal s

ectio

n

1)

Non

e

2) N

one

3) N

one

4) A

s in

dica

ted

in t

he

hor

izon

tal s

ectio

n

For

Sec

uriti

es C

ompa

nies

tl

Sec

uriti

es U

nder

writ

ing

I 1)

Unb

ound

1)

N

one

Par

ticip

atio

n in

iss

ues

of a

ll ki

nds

of s

ecur

ities

in

clud

ing

I 2)

Non

e 2)

Non

e

unde

rwrit

ing

and

plac

emen

t as

age

nts

(whe

ther

pub

licly

or

priv

atel

y) a

nd p

rovi

sion

of

serv

ices

rel

ated

to

suc

h is

sues

I 3)

Unb

ound

exc

ept

I I

For

rep

rese

ntat

ive

offic

es

none

II F

or li

cens

ed s

ecur

ities

com

pany

fo

reig

n eq

uity

par

ticip

atio

n ca

n be

al

low

ed u

p to

100

per

cent

of p

aid-

up

capi

tal

3) N

one

41A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

4)

A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

6Sec

uriti

es c

ompa

nies

mea

n se

curit

ies

com

pani

es w

hich

are

not

com

mer

cial

ban

ks a

nd in

sura

nce

com

pani

es

10

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mo

de

s o

f Sllp

plL

1) G

ross-b()

rcj~

r su

pply

2)

Con

sulT

lptio

n ab

road

3)

Com

mer

cial

pre

senc

e 4)

P

rese

nce

of

natu

ral p

erso

ns

I S

ecto

rorS

ub

sect

or

Lim

itat

ion

son

Mar

ketA

cces

s L

imit

atio

nso

nN

atio

nal

Tre

atm

ent

Ad

dit

ion

alC

om

mit

men

ts

F

orA

sset

Ma

na

ge

me

nt

Com

pani

es

-m

utua

l fun

d m

an

ag

em

en

t -

priv

ate

fund

ma

na

ge

me

nt

I 1)

Un

bo

un

d

1)

Non

e

-de

riva

tives

fund

m

an

ag

em

en

t I 2

) N

on

e

2)

Non

e

-ve

ntur

e ca

pita

l man

agem

ent

Ass

et

ma

na

ge

me

nt

I 3)

Un

bo

un

d e

xcep

t

I F

or

repr

esen

tativ

e of

fices

n

on

e

II F

or

ass

et m

an

ag

em

en

t com

pani

es

fore

ign

equi

ty p

artic

ipat

ion

can

be

allo

we

d u

p to

100

per

cent

ofp

aid-

up

capi

tal

How

ever

du

ring

the

firs

t fiv

e

year

saft

er th

e lic

ense

has

bee

n gr

ante

d a

t le

ast 5

0 pe

rcen

t o

f th

e

paid

-up

capi

tal o

f th

ea

sse

t m

an

ag

em

en

t com

pany

mu

st b

e h

eld

by

finan

cial

inst

itutio

nses

tabl

ishe

d u

nd

er

Tha

i la

w7

3)

Non

e

For

Sec

uriti

es C

ompa

nies

tl

4A

s in

dic

ate

d in

the

hor

izon

tal s

ectio

n

4) A

s in

dica

ted

in t

he

hor

izon

tal s

ectio

n

Adv

isor

y I

nter

med

iatio

n an

d O

the

r Aux

iliar

y F

inan

cial

I 1

) U

nb

ou

nd

1)

N

one

Ser

vice

s

Inve

stm

en

t Adv

iSO

ry

I 2

No

ne

2)

N

one

7Fin

anci

al in

stitu

tions

esta

blis

hed

unde

r Tha

i law

s in

this

sec

tion

mea

n se

curit

ies

com

pani

es

com

mer

cial

ban

ks

life

insu

ranc

e co

mpa

nies

an

d sp

ecia

lized

fina

ncia

l in

stitu

tions

est

ablis

hed

unde

r spe

cific

law

s

11

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

pl

Sec

toro

rSu

bse

cto

r

1lGr

oss-

bltl

rd~r

sup

ply

2) C

onsu

mpt

ion

abro

ad

lim

itat

ion

son

Mar

ketA

cces

s

3) C

omm

erci

al p

rese

nce

4)

Pre

senc

e o

f nat

ural

per

sons

lim

itat

ion

son

Nat

ion

alT

reat

men

t A

dd

itio

nal

Co

mm

itm

en

ts

3)

Unb

ound

exc

ept

I F

or r

epre

sent

ativ

e of

fices

no

ne

3)

Non

e

II F

or s

ecur

ities

com

pani

es

a)

fore

ign

equi

ty p

artic

ipat

ion

can

be a

llow

ed u

p to

100

per

cent

o

f pai

d-up

cap

ital

b)

Lice

nse

may

be

gra

nted

to

finan

cial

inst

itutio

ns li

cens

ed

unde

r T

hai L

aws

and

a li

mite

d co

mpa

ny w

hich

is n

ewly

es

tabl

ishe

d

4)A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

4)

A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

Oth

er a

uxili

ary

finan

cial

se

rvic

es

Cre

dit c

ard

serv

ices

(C

PC

811

33)

(Mob

ilizi

ng f

unds

from

the

pu

blic

is p

rohi

bite

d u

nles

s lic

ense

d un

der

a fin

anci

al

law

)

1) N

one

2) N

one

3) a

) A

s in

dica

ted

in B

3)(

h)

abov

e

b)

Fin

anci

al in

stitu

tions

mus

t obt

ain

prio

r ap

prov

al f

rom

the

Ban

k of

T

haila

nd

1) N

one

2) N

one

3) N

o lim

itatio

n as

long

as

fore

ign

equi

ty

part

icip

atio

n do

es n

ot e

xcee

d 49

per

ce

nt

4) A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

4) N

one

12

--

TH

AIL

AN

D

S

CH

ED

ULE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IALS

ER

VIC

ES

UN

DE

RA

FA

S

-_ -

-__

__

--

-__

__ -_

--

--

_

_

_

_ _

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__

-_

_

-_

_

-__

_-

_

-_

--

_

_-_

_--__

--_

-

Se

cto

rorS

ub

sect

or

Lim

ita

tio

nso

nM

ark

etA

cce

ss

Lim

ita

tio

nso

nN

ati

on

alT

rea

tme

nt

Ad

dit

lon

alC

om

mlt

me

n

ts

Fin

anci

al c

onsu

ltanc

y se

rvic

es

(CP

C 8

1332

)

1) U

nbou

nd

2) N

one

3) N

one

othe

r th

an t

hat

indi

cate

d in

the

ho

rizon

tal s

ectio

n

4)

As

indi

cate

d in

the

hor

izon

tal s

ectio

n

1) N

one

2) N

one

3) N

o lim

itatio

n as

long

as

fore

ign

equi

ty

part

icip

atio

n do

es n

ot e

xcee

d 4

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ran

ce s

erv

ice

s(C

PC

8

12

11

) 1)

No

ne

2) N

on

e

3) a

) F

ore

ign

eq

uity

pa

rtic

ipa

tion

lim

ited

to

2

5 p

er

cen

t o

f re

gis

tere

d s

ha

re

capi

tal

b) N

ew

est

ab

lish

me

nt

is s

ub

ject

to

lice

nce

ap

pro

ved

by

the

Min

iste

r with

th

e c

on

sen

t of t

he

Ca

bin

et

4) O

nly

se

nio

r m

an

ag

eri

al p

ers

on

ne

l sp

eci

alis

ts a

nd

te

chn

ica

l a

ssis

tan

ts w

ith

the

ap

pro

val o

f th

e I

nsu

ran

ce

Co

mm

issi

on

er

1) N

on

e

2)

life

insu

ran

ce p

rem

ium

is t

ax

de

du

ctib

le u

p to

a c

erta

in a

mo

un

t fo

r h

old

ers

of p

olic

ies

issu

ed

by

loca

l co

mp

an

ies

I 3)

No

ne

I 4)

No

ne

No

n-l

ife in

sura

nce

se

rvic

es

(CP

C 8

12

9)

1) U

nb

ou

nd

exc

ep

t fo

r in

tern

atio

na

l m

ari

ne

a

via

tion

an

d t

ran

sit

an

d a

ll cl

ass

es

of

rein

sura

nce

2)

No

ne

3) a

) F

ore

ign

eq

uity

pa

rtic

ipa

tion

lim

ited

to

2

5 p

erc

en

t of r

eg

iste

red

sh

are

ca

pita

l

1) U

nb

ou

nd

I 2)

No

ne

I 3)

No

ne

2

-1

TH

AIL

AN

D

SC

HE

DU

LEO

FS

PE

CIF

ICC

OM

MIT

ME

NT

SF

OR

FIN

AN

CIA

LSE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

1

Cro

ss-b

orde

r su

pply

2

) C

onsu

mpt

ion

abro

ad

3) C

omm

erci

al p

rese

nce

4)

Pre

senc

e o

f nat

ural

per

sons

Se

cto

rorS

ub

sect

or

Lim

ita

tio

nso

nM

ark

etA

cce

ss

Lim

itatio

nso

nN

atio

na

lTre

atm

en

t I A

dd

itio

na

lCo

mm

itme

n

ts

Ser

vice

s au

xilia

ry to

in

sura

nce

(exc

ludi

ng p

ensi

on

fund

ing

serv

ices

)

Insu

ranc

e br

okin

g an

d ag

ency

ser

vice

s (C

PC

814

01)(

Bro

kers

sha

ll n

ot i

nduc

e a

dvis

e o

r do

any

a

cts

so a

s to

cau

se a

ny

pers

on t

o en

ter

into

insu

ranc

e co

ntra

cts

with

ins

urer

s ab

road

ex

cept

for

rein

sura

nce

cont

ract

s)

Insu

ranc

e co

nsul

tanc

y se

rvic

es

(CP

C 8

1402

)

b)

New

est

ablis

hmen

t is

sub

ject

to

licen

se a

ppro

ved

by

the

Min

iste

r w

ith

the

cons

ent o

f the

Cab

inet

4) O

nly

seni

or m

anag

eria

l per

sonn

el

spec

ialis

ts a

nd t

echn

ical

ass

ista

nts

with

th

e ap

prov

al o

f the

Ins

uran

ce

Com

mis

sion

er

1) U

nbou

nd

2) U

nbou

nd

3)

For

eign

equ

ity p

artic

ipat

ion

not

to

exce

ed 4

9 pe

r ce

nt

4) a

) O

nly

seni

or m

anag

eria

l per

sonn

el

spec

ialis

ts a

nd t

echn

ical

ass

ista

nts

with

the

app

rova

l of t

he I

nsur

ance

C

omm

issi

oner

b)

U

nbou

nd f

or in

divi

dual

bro

ker

and

agen

t

1) N

one

2) N

one

3) N

one

oth

er t

han

that

indi

cate

d in

the

ho

rizo

jltal

sec

tion

4 O

nly

seni

or m

anag

eria

l per

sonn

el

spec

ialis

ts a

nd t

echn

ical

ass

ista

nts

with

th

e ap

prov

al o

f the

Ins

uran

ce

I 4)

Non

e

1) U

nbou

nd

2) U

nbou

nd

3) N

o lim

itatio

n a

s lo

ng a

s fo

reig

n eq

uity

pa

rtic

ipat

ion

does

not

exc

eed

49

pe

r ce

nt

4) N

one

1) N

one

2) N

one

3) N

o lim

itatio

n as

long

as

fore

ign

equi

ty

part

icip

atio

n d

oe

s no

t exc

eed

49 p

er

cent

4) N

one

3

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

orde

r su

pply

2)

Con

sum

ptio

n ab

road

4

I

Se

cto

rorS

ub

sect

or

Lim

itatio

nso

nM

ark

etA

cce

ss

Ad

dit

ion

alC

om

mit

me

n

ts

1) N

one

se

rvic

es(C

PC

814

03)

2)

Non

e

Ave

rage

and

loss

adj

ustm

ent

I 1)

Non

e

2)

Non

e

3) N

one

oth

er t

han

that

indi

cate

d in

3)

No

limita

tion

as lo

ng a

s fo

reig

n eq

uity

th

ehor

izon

tal s

ectio

n

part

icip

atio

n d

oe

s no

texc

eed

49

pe

r ce

nt

4)N

one

pers

onne

lspe

cial

ists

and

tec

hnic

al

assi

stan

ts w

ith t

he a

ppro

val o

f the

In

sura

nce

Com

mis

sion

er

4) O

nly

seni

or m

anag

eria

l

~shy

1) N

one

1) N

one

(C

PC

814

04)

2)

Non

e

Act

uaria

l ser

vice

s

2) N

one

3) N

one

oth

er

than

tha

t in

dica

ted

in

3) N

o lim

itatio

n a

s lo

ng a

s fo

reig

n eq

uity

th

ehor

izon

tal s

ectio

n

part

icip

atio

n d

oe

s no

t exc

eed

49

per

ce

nt

4)N

one

pers

onne

lspe

cial

ists

and

tec

hnic

al

assi

stan

ts w

ith t

he a

ppro

val o

f the

In

sura

nce

Com

mis

sion

er

4) O

nly

seni

or m

anag

eria

l

4

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Su

I

Cro

ss-b

orde

r su

pply

~

Con

sum

ptio

n ab

road

3)

Com

mer

cial

pre

senc

e 4)

P

rese

nce

of n~

tura

l pe

rson

s

B

Ban

kin

g a

nd

Oth

er

Fin

anci

al S

erv

ice

s

Lim

ltat

ion

son

Mar

ketA

cces

s L

imit

atio

nso

nN

atio

nal

Tre

atm

ent

I

Ad

dit

ion

alC

om

mit

men

ts

Acc

epta

nce

of d

epos

its a

nd

othe

r re

paya

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fund

s fr

om

the

publ

ic

Lend

ing

of a

ll ty

pes

inc

ludi

ng

cons

umer

cre

dit

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tgag

e cr

edit

fac

torin

g an

d fin

anci

ng

of c

omm

erci

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ansa

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n

Fin

anci

al l

easi

ng

Pay

men

t an

d m

on

ey

tran

smis

sion

ser

vice

s in

clud

ing

cred

it c

harg

e an

d de

bit c

ards

tr

avel

ers

cheq

ues

and

ba

nke

rs d

rafts

Gua

rant

ees

and

com

mitm

ents

Tra

ding

fo

r ow

n ac

coun

t or

for

acco

unt

of c

usto

mer

s1in

th

e fo

llow

ing

(A) M

on

ey

ma

rke

t in

stru

men

ts

(B)F

orei

gn e

xcha

nge

(D)E

xcha

nge

rate

and

in

tere

st r

ate

inst

rum

ents

1)

Non

e fo

r fin

anci

al a

dvis

ory

and

finan

cial

d

ata

pro

cess

ing

Unb

ound

for

all

oth

er

serv

ices

1) N

one

2)

Non

e fo

r fin

anci

al a

dvis

ory

and

finan

cial

I2)

Non

e da

ta p

roce

ssin

g U

nbou

nd f

or

all

oth

er

serv

ices

3) a

) R

epre

sent

ativ

e of

ficeo

f ban

ks N

one

I3)

a) R

epre

sent

ativ

e of

fice

ofba

nks

Non

e b)

For

eign

ban

k br

anch

es

I N

one

for

exis

ting

fore

ign

bank

br

anch

es u

nder

pre

sent

sh

areh

oldi

ng s

truc

ture

N

ew

es

tabl

ishm

ent

is s

ubje

ct to

lic

ence

app

rove

d by

the

Min

iste

r o

f Fin

ance

with

the

co

nsen

t of t

he C

abin

et

II

AT

M o

pera

tions

per

mitt

ed

un

de

r th

e fo

llow

ing

cond

ition

s on

ly

i) jo

inin

g A

TM

poo

lsop

erat

ed b

y T

hai b

anks

o

r ii)

ope

ratio

n w

ithin

ow

n pr

emis

es

or

shar

ing

the

faci

litie

s w

ith

oth

er

com

mer

cial

ban

ks in

T

haila

nd

b) F

orei

gn b

ank

bran

ches

Non

e e

xcep

t as

indi

cate

d in

the

m

arke

t acc

ess

colu

mn

1 Th

e co

mm

itmen

ts fo

r S

ecur

ities

Com

pani

es u

nder

this

sub

sect

or a

re s

epar

atel

y lis

ted

belo

w

5

TH

AIL

AN

D

SC

HE

DU

LEO

FS

PE

CIF

ICC

OM

MIT

ME

NT

SF

OR

FIN

AN

CIA

LSE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

orde

r su

pply

2)

Co

nsu

mp

tion

ab

roa

d

3) C

omm

erci

al p

rese

nce

4

) P

rese

nce

of

natu

ral p

ers

on

s

Se

cto

rorS

ub

sect

or

Lim

itatio

nso

nM

ark

etA

cce

ss

Lim

itatio

nso

nN

atio

na

lTre

atm

en

t A

dd

itio

na

lCo

mm

itm

en

ts

(E)T

rans

fera

ble

secu

ritie

s

Par

ticip

atio

n in

iss

ues

of a

ll ki

nds

of s

ecur

ities

in

clud

ing

unde

r-w

ritin

g an

d p

lace

me

nt

as a

gent

(w

heth

er p

ublic

ly o

r pr

ivat

ely)

and

pro

visi

on o

f se

rvic

es r

elat

ed t

o s

uch

is

sues

2

III

Exi

stin

g fo

reig

n b

an

ks w

hich

al

read

y h

ad

th

e fi

rst

bran

ch o

ffic

e in

Th

aila

nd

pri

or

to J

uly

1995

will

ea

ch b

e p

erm

itte

d t

o o

pen

no

m

ore

than

tw

o a

dditi

onal

br

anch

es

IV N

on

e fo

r pa

rtic

ipat

ion

in c

hequ

e cl

eari

ng a

nd

se

ttle

me

nt s

yste

m

Ass

et m

an

ag

em

en

ea

s fo

llow

s

-ca

sh o

r po

rtfo

lio

man

agem

ent

-co

llect

ive

inve

stm

ent

man

agem

ent

-cu

stod

ian

and

depo

sito

ry s

erv

ice

s

Adv

isor

y i

nter

med

iatio

n a

nd

o

the

r au

xilia

ry f

inan

cial

se

rvic

es4

Pro

visi

on a

nd t

ran

sfe

r o

f fin

anci

al in

form

atio

n a

nd

fin

anci

al d

ata

pro

cess

ing

an

d

rela

ted

softw

are

c)

Loca

lly in

corp

ora

ted

ba

nks

I M

ark

et

acc

ess

lim

ited

to t

he

ac

quis

ition

of s

ha

res

of e

xist

ing

bank

s

II (

i) T

he

am

ou

nt o

f sha

res

held

by

pers

ons

of T

ha

i na

tiona

lity

shal

l n

ot b

e le

ss th

an

75

pe

rce

nt o

f th

e to

tal a

mo

un

t of v

otin

g sh

ares

sol

d C

om

bin

ed

sh

areh

oldi

ng o

f an

ind

ivid

ual

and

his

he

r re

late

d pe

rson

s sh

all

no

t e

xce

ed

10

pe

rce

nt o

f to

tal

nu

mb

er

of s

ha

res

sold

5

un

less

oth

erw

ise

per

mitt

ed b

y th

e B

an

k o

f Tha

iland

c)

Loca

lly in

corp

orat

ed b

an

ks

Non

e e

xce

pt a

s in

dica

ted

in t

he

m

ark

et a

cces

s co

lum

n

2 Th

e co

mm

itmen

ts fo

r S

ecur

ities

Com

pani

es u

nder

this

sub

sect

or a

re s

epar

atel

y lis

ted

belo

w

3 Th

e co

mm

itmen

ts fo

r Ass

et M

anag

emen

t Com

pani

es u

nder

this

sub

sect

or a

re s

epar

atel

y lis

ted

belo

w

4 Th

e co

mm

itmen

ts o

n In

vest

men

t Adv

isor

y fo

r S

ecur

ities

Com

pani

es u

nder

this

sub

sect

or a

re s

epar

atel

y lis

ted

belo

w

sro

tal n

umbe

r o

f sh

are

s so

ld i

nclu

de v

otin

g a

nd

no

n-v

otin

g s

ha

res

6

TH

AIL

AN

D

SC

HE

DU

LEO

FS

PE

CIF

ICC

OM

MIT

ME

NT

SF

OR

FIN

AN

CIA

LSE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

orde

r su

pply

2)

Con

sum

ptio

n ab

road

3)

Com

ll1er

cial

pre

senc

e 4)

P

rese

nce

of n

atur

al p~rsons

Se

cto

rorS

ub

sect

or

Lim

ita

tio

nso

nM

ark

etA

cce

ss

Lim

ita

tio

nso

nN

ati

on

alT

rea

tme

nt

Ad

dit

ion

alC

om

mit

me

n

ts

(ii)ln

the

ca

se w

here

the

Ban

k o

f T

haila

nd d

eem

s ap

prop

riate

th

e B

ank

of T

haila

nd m

ay g

rant

pe

rmis

sion

tha

t per

sons

of n

onshy

Tha

i na

tiona

lity

hold

sha

res

up

to 4

9 p

erce

nt o

f the

tot

al

amou

nt o

f vot

ing

shar

es s

old

(iii)

In t

he c

ase

whe

re it

is

nece

ssar

y to

rec

tify

the

oper

atio

n o

r to

str

engt

hen

the

stab

ility

of

any

loca

lly

inco

rpor

ated

ban

k o

r fo

r th

e pu

rpos

e o

f the

fina

ncia

l in

stitu

tions

sys

tem

sta

bilit

y t

he

Fin

ance

Min

iste

r with

the

re

com

men

datio

n o

f the

Ban

k o

f T

haila

nd s

hall

have

the

pow

er

to r

elax

the

req

uire

men

t o

f the

sh

areh

oldi

ng o

ther

than

tho

se

pres

crib

ed in

(c)

(

ii)

Suc

h eq

uity

par

ticip

atio

n w

ill b

e au

thor

ized

for

a p

erio

d o

f up

to

10 y

ears

w

ith fo

reig

n sh

areh

olde

rs w

ho e

nter

in t

his

perio

d be

ing

gran

dfat

here

d th

erea

fter

with

res

pect

to th

e ab

solu

te a

mou

nt o

f the

ir eq

uity

ho

ldin

g

III

(i) A

t le

ast t

hree

-fou

rths

of t

he

dire

ctor

s m

ust b

e o

f Tha

i na

tiona

lity

(ii

) In

th

e c

ase

whe

re t

he B

ank

of

7

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

ord

er

supp

ly

2) C

onsu

mpt

ion

abro

ad

3) C

omm

erci

al p

rese

nce

4)

Presenc~ o

f nat

ural

-pe=

-r-s

on

s---_

_--

Sec

toro

rSu

bse

cto

r L

imit

atio

nso

nM

arke

tAcc

ess

Lim

itat

ion

son

Nat

ion

alT

reat

men

t A

dd

itio

nal

Co

mm

itm

en

ts

Tha

iland

de

em

s ap

prop

riat

e

Th

e B

ank

of T

haila

nd m

ay

perm

it a

prop

ortio

n o

f non

-Tha

i na

tiona

lity

dir

ect

ors

of m

ore

than

one

-qua

rter

s b

ut s

hall

not

reac

h on

e h

alf

of t

he

tot

al

nu

mb

er

of d

irec

tors

(ii

i) In

the

cas

e w

he

re it

is

nece

ssar

y to

rec

tify

the

op

erat

ion

or

to s

tren

gthe

n th

e st

abili

ty o

f an

y lo

cally

in

corp

orat

ed b

an

k o

r fo

r th

e pu

rpos

e o

f th

e fi

nanc

ial

inst

itutio

n sy

stem

sta

bilit

y t

he

Fin

ance

Min

iste

r w

ith t

he

re

com

men

datio

n o

f th

e B

ank

of

Tha

iland

sha

ll h

ave

th

e p

ower

to

rel

ax t

he

re

qu

ire

me

nt

of t

he

dire

ctor

ship

oth

er

than

tho

se

pres

crib

ed in

(c)

III

(ii)

abov

e

Suc

h re

laxa

tion

ma

y be

gr

ante

d w

ith r

ule

an

d t

ime

clau

se

d) F

inan

cial

leas

ing

serv

ice

s

Can

onl

y be

pro

vide

d by

lea

sing

co

mpa

nies

whi

ch a

re s

ub

ject

to

max

imum

for

eign

eq

uity

par

ticip

atio

n o

f 49

per

cent

of p

aid

-up

reg

iste

red

capi

tal

or

by f

inan

ce c

om

pa

nie

s w

hich

are

sub

ject

to

ma

xim

um

fo

reig

n eq

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par

ticip

atio

n o

f 25

per

ce

nt o

f pai

d-up

reg

iste

red

capi

tal

d) F

inan

cial

leas

ing

serv

ices

Non

e

8

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

orde

r su

pply

2)

Con

sum

ptio

n ab

road

3)

Com

mer

cial

pre

senc

e 4)

P

rese

nce

of n

atur

al p

erso

ns

Sec

toro

rSu

bse

cto

r L

imit

atio

nso

nM

arke

tAcc

ess

Lim

itat

ion

son

Nat

ion

alT

reat

men

t A

dd

itio

nal

Co

mm

itm

en

ts

e) F

acto

ring

serv

ices

e)

Fac

torin

g se

rvic

es

Can

onl

y b

e pr

ovid

ed b

y fa

ctor

ing

com

pani

es w

hich

are

sub

ject

to

max

imum

for

eign

equ

ity p

artic

ipat

ion

of 4

9 pe

r cen

t of

pai

d-up

reg

iste

red

capi

tal

or

by fi

nanc

e co

mpa

nies

w

hich

are

sub

ject

to m

axim

um

fore

ign

equi

ty p

artic

ipat

ion

of 2

5 pe

r ce

nt o

f pai

d-up

reg

iste

red

capi

tal

Non

e

f)

Cre

dit

char

ge a

nd d

ebit

card

s f)

Cre

dit

char

ge a

nd d

ebit

card

s

Cre

dit

char

ge a

nd d

ebit

card

s ca

n on

ly b

e pr

ovid

ed b

y co

mpa

nies

w

hich

are

sub

ject

to

max

imum

fo

reig

n eq

uity

par

ticip

atio

n o

f 49

perc

ent

of p

aid-

up r

egis

tere

d ca

pita

l or

loca

lly in

corp

orat

ed b

an

ks a

nd

fore

ign

bank

bra

nche

s

Non

e

The

con

duct

of b

usin

esse

s un

der

d)

e) a

nd f)

will

be

subj

ect t

o lic

enS

ing

and

regu

latio

ns t

o b

e an

noun

ced

4)

For

ban

ks

repr

esen

tativ

e of

fices

and

fin

ance

com

pani

es

no q

uant

itativ

e lim

it ap

plie

s fo

r A

SE

AN

nat

iona

ls

App

rova

l sha

ll be

gra

nted

bas

ed o

n fo

reig

n se

rvic

es p

rovi

ders

bus

ines

s pl

ans

and

need

s

I 4)

Non

e

9

I

TH

AIL

AN

D

SC

HE

DU

LEO

FS

PE

CIF

ICC

OM

MIT

ME

NT

SF

OR

FIN

AN

CIA

LSE

RV

ICE

SU

NO

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

orde

r su

pply

2)

Con

sum

ptio

n ab

road

3)

Com

mer

cial

pre

senc

e 4)

P

rese

nce

of

natu

ral p

erso

ns

ii

Se

cto

rorS

ub

sect

or

Li m

itatio

nso

nM

ark

etA

cce

ss i

Lim

itatio

nso

nN

atio

na

lTre

atm

en

t A

dd

itio

na

lCo

mm

itm

en

ts

For

Sec

uriti

es C

ompa

nies

5

-se

curit

ies

brok

erag

e an

d de

alin

g -

deriv

ativ

es b

roke

rage

and

de

alin

g -

secu

ritie

s bo

rrow

ing

and

lend

ing

Tra

ding

for

ow

n ac

coun

t o

r fo

r ac

coun

t of c

usto

mer

s in

th

e fo

llow

ing

(C

) de

rivat

ive

prod

ucts

inc

l

but n

ot li

mite

d to

fu

ture

s an

d op

tions

(E

) tr

ansf

erab

le s

ecur

ities

1)

Unb

ound

2)

Non

e

3)

Unb

ound

exc

ept

I F

or r

epre

sent

ativ

e of

fices

no

ne

II F

or li

cens

ed s

ecur

ities

com

pany

fo

reig

n eq

uity

par

ticip

atio

n ca

n b

e

allo

wed

up

to 1

00 p

erce

nt o

fpai

d-up

ca

pita

l

4)

As

indi

cate

d in

the

hor

izon

tal s

ectio

n

1)

Non

e

2) N

one

3) N

one

4) A

s in

dica

ted

in t

he

hor

izon

tal s

ectio

n

For

Sec

uriti

es C

ompa

nies

tl

Sec

uriti

es U

nder

writ

ing

I 1)

Unb

ound

1)

N

one

Par

ticip

atio

n in

iss

ues

of a

ll ki

nds

of s

ecur

ities

in

clud

ing

I 2)

Non

e 2)

Non

e

unde

rwrit

ing

and

plac

emen

t as

age

nts

(whe

ther

pub

licly

or

priv

atel

y) a

nd p

rovi

sion

of

serv

ices

rel

ated

to

suc

h is

sues

I 3)

Unb

ound

exc

ept

I I

For

rep

rese

ntat

ive

offic

es

none

II F

or li

cens

ed s

ecur

ities

com

pany

fo

reig

n eq

uity

par

ticip

atio

n ca

n be

al

low

ed u

p to

100

per

cent

of p

aid-

up

capi

tal

3) N

one

41A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

4)

A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

6Sec

uriti

es c

ompa

nies

mea

n se

curit

ies

com

pani

es w

hich

are

not

com

mer

cial

ban

ks a

nd in

sura

nce

com

pani

es

10

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mo

de

s o

f Sllp

plL

1) G

ross-b()

rcj~

r su

pply

2)

Con

sulT

lptio

n ab

road

3)

Com

mer

cial

pre

senc

e 4)

P

rese

nce

of

natu

ral p

erso

ns

I S

ecto

rorS

ub

sect

or

Lim

itat

ion

son

Mar

ketA

cces

s L

imit

atio

nso

nN

atio

nal

Tre

atm

ent

Ad

dit

ion

alC

om

mit

men

ts

F

orA

sset

Ma

na

ge

me

nt

Com

pani

es

-m

utua

l fun

d m

an

ag

em

en

t -

priv

ate

fund

ma

na

ge

me

nt

I 1)

Un

bo

un

d

1)

Non

e

-de

riva

tives

fund

m

an

ag

em

en

t I 2

) N

on

e

2)

Non

e

-ve

ntur

e ca

pita

l man

agem

ent

Ass

et

ma

na

ge

me

nt

I 3)

Un

bo

un

d e

xcep

t

I F

or

repr

esen

tativ

e of

fices

n

on

e

II F

or

ass

et m

an

ag

em

en

t com

pani

es

fore

ign

equi

ty p

artic

ipat

ion

can

be

allo

we

d u

p to

100

per

cent

ofp

aid-

up

capi

tal

How

ever

du

ring

the

firs

t fiv

e

year

saft

er th

e lic

ense

has

bee

n gr

ante

d a

t le

ast 5

0 pe

rcen

t o

f th

e

paid

-up

capi

tal o

f th

ea

sse

t m

an

ag

em

en

t com

pany

mu

st b

e h

eld

by

finan

cial

inst

itutio

nses

tabl

ishe

d u

nd

er

Tha

i la

w7

3)

Non

e

For

Sec

uriti

es C

ompa

nies

tl

4A

s in

dic

ate

d in

the

hor

izon

tal s

ectio

n

4) A

s in

dica

ted

in t

he

hor

izon

tal s

ectio

n

Adv

isor

y I

nter

med

iatio

n an

d O

the

r Aux

iliar

y F

inan

cial

I 1

) U

nb

ou

nd

1)

N

one

Ser

vice

s

Inve

stm

en

t Adv

iSO

ry

I 2

No

ne

2)

N

one

7Fin

anci

al in

stitu

tions

esta

blis

hed

unde

r Tha

i law

s in

this

sec

tion

mea

n se

curit

ies

com

pani

es

com

mer

cial

ban

ks

life

insu

ranc

e co

mpa

nies

an

d sp

ecia

lized

fina

ncia

l in

stitu

tions

est

ablis

hed

unde

r spe

cific

law

s

11

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

pl

Sec

toro

rSu

bse

cto

r

1lGr

oss-

bltl

rd~r

sup

ply

2) C

onsu

mpt

ion

abro

ad

lim

itat

ion

son

Mar

ketA

cces

s

3) C

omm

erci

al p

rese

nce

4)

Pre

senc

e o

f nat

ural

per

sons

lim

itat

ion

son

Nat

ion

alT

reat

men

t A

dd

itio

nal

Co

mm

itm

en

ts

3)

Unb

ound

exc

ept

I F

or r

epre

sent

ativ

e of

fices

no

ne

3)

Non

e

II F

or s

ecur

ities

com

pani

es

a)

fore

ign

equi

ty p

artic

ipat

ion

can

be a

llow

ed u

p to

100

per

cent

o

f pai

d-up

cap

ital

b)

Lice

nse

may

be

gra

nted

to

finan

cial

inst

itutio

ns li

cens

ed

unde

r T

hai L

aws

and

a li

mite

d co

mpa

ny w

hich

is n

ewly

es

tabl

ishe

d

4)A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

4)

A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

Oth

er a

uxili

ary

finan

cial

se

rvic

es

Cre

dit c

ard

serv

ices

(C

PC

811

33)

(Mob

ilizi

ng f

unds

from

the

pu

blic

is p

rohi

bite

d u

nles

s lic

ense

d un

der

a fin

anci

al

law

)

1) N

one

2) N

one

3) a

) A

s in

dica

ted

in B

3)(

h)

abov

e

b)

Fin

anci

al in

stitu

tions

mus

t obt

ain

prio

r ap

prov

al f

rom

the

Ban

k of

T

haila

nd

1) N

one

2) N

one

3) N

o lim

itatio

n as

long

as

fore

ign

equi

ty

part

icip

atio

n do

es n

ot e

xcee

d 49

per

ce

nt

4) A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

4) N

one

12

--

TH

AIL

AN

D

S

CH

ED

ULE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IALS

ER

VIC

ES

UN

DE

RA

FA

S

-_ -

-__

__

--

-__

__ -_

--

--

_

_

_

_ _

_---

__

-_

_

-_

_

-__

_-

_

-_

--

_

_-_

_--__

--_

-

Se

cto

rorS

ub

sect

or

Lim

ita

tio

nso

nM

ark

etA

cce

ss

Lim

ita

tio

nso

nN

ati

on

alT

rea

tme

nt

Ad

dit

lon

alC

om

mlt

me

n

ts

Fin

anci

al c

onsu

ltanc

y se

rvic

es

(CP

C 8

1332

)

1) U

nbou

nd

2) N

one

3) N

one

othe

r th

an t

hat

indi

cate

d in

the

ho

rizon

tal s

ectio

n

4)

As

indi

cate

d in

the

hor

izon

tal s

ectio

n

1) N

one

2) N

one

3) N

o lim

itatio

n as

long

as

fore

ign

equi

ty

part

icip

atio

n do

es n

ot e

xcee

d 4

9 p

er

cent

4)

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e

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G()mmer~ii31

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presell~e (

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cto

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sect

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ita

tio

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din

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an

d

retr

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ssio

n

life

insu

ran

ce s

erv

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s(C

PC

8

12

11

) 1)

No

ne

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on

e

3) a

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ore

ign

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ited

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5 p

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ha

re

capi

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b) N

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est

ab

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me

nt

is s

ub

ject

to

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nce

ap

pro

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th

e c

on

sen

t of t

he

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bin

et

4) O

nly

se

nio

r m

an

ag

eri

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ers

on

ne

l sp

eci

alis

ts a

nd

te

chn

ica

l a

ssis

tan

ts w

ith

the

ap

pro

val o

f th

e I

nsu

ran

ce

Co

mm

issi

on

er

1) N

on

e

2)

life

insu

ran

ce p

rem

ium

is t

ax

de

du

ctib

le u

p to

a c

erta

in a

mo

un

t fo

r h

old

ers

of p

olic

ies

issu

ed

by

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l co

mp

an

ies

I 3)

No

ne

I 4)

No

ne

No

n-l

ife in

sura

nce

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rvic

es

(CP

C 8

12

9)

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ou

nd

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ep

t fo

r in

tern

atio

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ari

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a

via

tion

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d t

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sit

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ass

es

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nce

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uity

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rtic

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ited

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erc

en

t of r

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are

ca

pita

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nd

I 2)

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ne

I 3)

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ne

2

-1

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AIL

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D

SC

HE

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LEO

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CIF

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NT

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FIN

AN

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LSE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

1

Cro

ss-b

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pply

2

) C

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ad

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Pre

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ural

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sons

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cto

rorS

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sect

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ita

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t I A

dd

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mm

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Ser

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ensi

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serv

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)

Insu

ranc

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d ag

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Bro

kers

sha

ll n

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a

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rvic

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b)

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est

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licen

se a

ppro

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iste

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ith

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nly

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prov

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uran

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mis

sion

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nbou

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nbou

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3)

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eign

equ

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9 pe

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4) a

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nly

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anag

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sonn

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spec

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ista

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4 O

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rtic

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does

not

exc

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49

pe

r ce

nt

4) N

one

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one

2) N

one

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o lim

itatio

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long

as

fore

ign

equi

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part

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oe

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t exc

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49 p

er

cent

4) N

one

3

TH

AIL

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D

SC

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EC

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MM

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RF

INA

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IAL

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RV

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ND

ER

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AS

Mod

es o

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sum

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ts

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rvic

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PC

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e

Ave

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loss

adj

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I 1)

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e

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3) N

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3)

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limita

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as lo

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texc

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49

pe

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4)N

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pers

onne

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assi

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In

sura

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mis

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er

4) O

nly

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anag

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PC

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e

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uaria

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vice

s

2) N

one

3) N

one

oth

er

than

tha

t in

dica

ted

in

3) N

o lim

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s fo

reig

n eq

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ehor

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tal s

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part

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49

per

ce

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4)N

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pers

onne

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In

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Com

mis

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4

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AIL

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ND

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AF

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Mod

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I

Cro

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pply

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Con

sum

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epre

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ativ

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ficeo

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one

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a) R

epre

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fice

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Non

e b)

For

eign

ban

k br

anch

es

I N

one

for

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ting

fore

ign

bank

br

anch

es u

nder

pre

sent

sh

areh

oldi

ng s

truc

ture

N

ew

es

tabl

ishm

ent

is s

ubje

ct to

lic

ence

app

rove

d by

the

Min

iste

r o

f Fin

ance

with

the

co

nsen

t of t

he C

abin

et

II

AT

M o

pera

tions

per

mitt

ed

un

de

r th

e fo

llow

ing

cond

ition

s on

ly

i) jo

inin

g A

TM

poo

lsop

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ed b

y T

hai b

anks

o

r ii)

ope

ratio

n w

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ow

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shar

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the

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litie

s w

ith

oth

er

com

mer

cial

ban

ks in

T

haila

nd

b) F

orei

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ank

bran

ches

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e e

xcep

t as

indi

cate

d in

the

m

arke

t acc

ess

colu

mn

1 Th

e co

mm

itmen

ts fo

r S

ecur

ities

Com

pani

es u

nder

this

sub

sect

or a

re s

epar

atel

y lis

ted

belo

w

5

TH

AIL

AN

D

SC

HE

DU

LEO

FS

PE

CIF

ICC

OM

MIT

ME

NT

SF

OR

FIN

AN

CIA

LSE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

orde

r su

pply

2)

Co

nsu

mp

tion

ab

roa

d

3) C

omm

erci

al p

rese

nce

4

) P

rese

nce

of

natu

ral p

ers

on

s

Se

cto

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ub

sect

or

Lim

itatio

nso

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etA

cce

ss

Lim

itatio

nso

nN

atio

na

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en

t A

dd

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na

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mm

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ts

(E)T

rans

fera

ble

secu

ritie

s

Par

ticip

atio

n in

iss

ues

of a

ll ki

nds

of s

ecur

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in

clud

ing

unde

r-w

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lace

me

nt

as a

gent

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ublic

ly o

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o s

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is

sues

2

III

Exi

stin

g fo

reig

n b

an

ks w

hich

al

read

y h

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th

e fi

rst

bran

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e in

Th

aila

nd

pri

or

to J

uly

1995

will

ea

ch b

e p

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no

m

ore

than

tw

o a

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nt s

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s

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n a

nd

o

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r au

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cial

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all

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Com

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sro

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nd

no

n-v

otin

g s

ha

res

6

TH

AIL

AN

D

SC

HE

DU

LEO

FS

PE

CIF

ICC

OM

MIT

ME

NT

SF

OR

FIN

AN

CIA

LSE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

orde

r su

pply

2)

Con

sum

ptio

n ab

road

3)

Com

ll1er

cial

pre

senc

e 4)

P

rese

nce

of n

atur

al p~rsons

Se

cto

rorS

ub

sect

or

Lim

ita

tio

nso

nM

ark

etA

cce

ss

Lim

ita

tio

nso

nN

ati

on

alT

rea

tme

nt

Ad

dit

ion

alC

om

mit

me

n

ts

(ii)ln

the

ca

se w

here

the

Ban

k o

f T

haila

nd d

eem

s ap

prop

riate

th

e B

ank

of T

haila

nd m

ay g

rant

pe

rmis

sion

tha

t per

sons

of n

onshy

Tha

i na

tiona

lity

hold

sha

res

up

to 4

9 p

erce

nt o

f the

tot

al

amou

nt o

f vot

ing

shar

es s

old

(iii)

In t

he c

ase

whe

re it

is

nece

ssar

y to

rec

tify

the

oper

atio

n o

r to

str

engt

hen

the

stab

ility

of

any

loca

lly

inco

rpor

ated

ban

k o

r fo

r th

e pu

rpos

e o

f the

fina

ncia

l in

stitu

tions

sys

tem

sta

bilit

y t

he

Fin

ance

Min

iste

r with

the

re

com

men

datio

n o

f the

Ban

k o

f T

haila

nd s

hall

have

the

pow

er

to r

elax

the

req

uire

men

t o

f the

sh

areh

oldi

ng o

ther

than

tho

se

pres

crib

ed in

(c)

(

ii)

Suc

h eq

uity

par

ticip

atio

n w

ill b

e au

thor

ized

for

a p

erio

d o

f up

to

10 y

ears

w

ith fo

reig

n sh

areh

olde

rs w

ho e

nter

in t

his

perio

d be

ing

gran

dfat

here

d th

erea

fter

with

res

pect

to th

e ab

solu

te a

mou

nt o

f the

ir eq

uity

ho

ldin

g

III

(i) A

t le

ast t

hree

-fou

rths

of t

he

dire

ctor

s m

ust b

e o

f Tha

i na

tiona

lity

(ii

) In

th

e c

ase

whe

re t

he B

ank

of

7

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

ord

er

supp

ly

2) C

onsu

mpt

ion

abro

ad

3) C

omm

erci

al p

rese

nce

4)

Presenc~ o

f nat

ural

-pe=

-r-s

on

s---_

_--

Sec

toro

rSu

bse

cto

r L

imit

atio

nso

nM

arke

tAcc

ess

Lim

itat

ion

son

Nat

ion

alT

reat

men

t A

dd

itio

nal

Co

mm

itm

en

ts

Tha

iland

de

em

s ap

prop

riat

e

Th

e B

ank

of T

haila

nd m

ay

perm

it a

prop

ortio

n o

f non

-Tha

i na

tiona

lity

dir

ect

ors

of m

ore

than

one

-qua

rter

s b

ut s

hall

not

reac

h on

e h

alf

of t

he

tot

al

nu

mb

er

of d

irec

tors

(ii

i) In

the

cas

e w

he

re it

is

nece

ssar

y to

rec

tify

the

op

erat

ion

or

to s

tren

gthe

n th

e st

abili

ty o

f an

y lo

cally

in

corp

orat

ed b

an

k o

r fo

r th

e pu

rpos

e o

f th

e fi

nanc

ial

inst

itutio

n sy

stem

sta

bilit

y t

he

Fin

ance

Min

iste

r w

ith t

he

re

com

men

datio

n o

f th

e B

ank

of

Tha

iland

sha

ll h

ave

th

e p

ower

to

rel

ax t

he

re

qu

ire

me

nt

of t

he

dire

ctor

ship

oth

er

than

tho

se

pres

crib

ed in

(c)

III

(ii)

abov

e

Suc

h re

laxa

tion

ma

y be

gr

ante

d w

ith r

ule

an

d t

ime

clau

se

d) F

inan

cial

leas

ing

serv

ice

s

Can

onl

y be

pro

vide

d by

lea

sing

co

mpa

nies

whi

ch a

re s

ub

ject

to

max

imum

for

eign

eq

uity

par

ticip

atio

n o

f 49

per

cent

of p

aid

-up

reg

iste

red

capi

tal

or

by f

inan

ce c

om

pa

nie

s w

hich

are

sub

ject

to

ma

xim

um

fo

reig

n eq

uity

par

ticip

atio

n o

f 25

per

ce

nt o

f pai

d-up

reg

iste

red

capi

tal

d) F

inan

cial

leas

ing

serv

ices

Non

e

8

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

orde

r su

pply

2)

Con

sum

ptio

n ab

road

3)

Com

mer

cial

pre

senc

e 4)

P

rese

nce

of n

atur

al p

erso

ns

Sec

toro

rSu

bse

cto

r L

imit

atio

nso

nM

arke

tAcc

ess

Lim

itat

ion

son

Nat

ion

alT

reat

men

t A

dd

itio

nal

Co

mm

itm

en

ts

e) F

acto

ring

serv

ices

e)

Fac

torin

g se

rvic

es

Can

onl

y b

e pr

ovid

ed b

y fa

ctor

ing

com

pani

es w

hich

are

sub

ject

to

max

imum

for

eign

equ

ity p

artic

ipat

ion

of 4

9 pe

r cen

t of

pai

d-up

reg

iste

red

capi

tal

or

by fi

nanc

e co

mpa

nies

w

hich

are

sub

ject

to m

axim

um

fore

ign

equi

ty p

artic

ipat

ion

of 2

5 pe

r ce

nt o

f pai

d-up

reg

iste

red

capi

tal

Non

e

f)

Cre

dit

char

ge a

nd d

ebit

card

s f)

Cre

dit

char

ge a

nd d

ebit

card

s

Cre

dit

char

ge a

nd d

ebit

card

s ca

n on

ly b

e pr

ovid

ed b

y co

mpa

nies

w

hich

are

sub

ject

to

max

imum

fo

reig

n eq

uity

par

ticip

atio

n o

f 49

perc

ent

of p

aid-

up r

egis

tere

d ca

pita

l or

loca

lly in

corp

orat

ed b

an

ks a

nd

fore

ign

bank

bra

nche

s

Non

e

The

con

duct

of b

usin

esse

s un

der

d)

e) a

nd f)

will

be

subj

ect t

o lic

enS

ing

and

regu

latio

ns t

o b

e an

noun

ced

4)

For

ban

ks

repr

esen

tativ

e of

fices

and

fin

ance

com

pani

es

no q

uant

itativ

e lim

it ap

plie

s fo

r A

SE

AN

nat

iona

ls

App

rova

l sha

ll be

gra

nted

bas

ed o

n fo

reig

n se

rvic

es p

rovi

ders

bus

ines

s pl

ans

and

need

s

I 4)

Non

e

9

I

TH

AIL

AN

D

SC

HE

DU

LEO

FS

PE

CIF

ICC

OM

MIT

ME

NT

SF

OR

FIN

AN

CIA

LSE

RV

ICE

SU

NO

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

orde

r su

pply

2)

Con

sum

ptio

n ab

road

3)

Com

mer

cial

pre

senc

e 4)

P

rese

nce

of

natu

ral p

erso

ns

ii

Se

cto

rorS

ub

sect

or

Li m

itatio

nso

nM

ark

etA

cce

ss i

Lim

itatio

nso

nN

atio

na

lTre

atm

en

t A

dd

itio

na

lCo

mm

itm

en

ts

For

Sec

uriti

es C

ompa

nies

5

-se

curit

ies

brok

erag

e an

d de

alin

g -

deriv

ativ

es b

roke

rage

and

de

alin

g -

secu

ritie

s bo

rrow

ing

and

lend

ing

Tra

ding

for

ow

n ac

coun

t o

r fo

r ac

coun

t of c

usto

mer

s in

th

e fo

llow

ing

(C

) de

rivat

ive

prod

ucts

inc

l

but n

ot li

mite

d to

fu

ture

s an

d op

tions

(E

) tr

ansf

erab

le s

ecur

ities

1)

Unb

ound

2)

Non

e

3)

Unb

ound

exc

ept

I F

or r

epre

sent

ativ

e of

fices

no

ne

II F

or li

cens

ed s

ecur

ities

com

pany

fo

reig

n eq

uity

par

ticip

atio

n ca

n b

e

allo

wed

up

to 1

00 p

erce

nt o

fpai

d-up

ca

pita

l

4)

As

indi

cate

d in

the

hor

izon

tal s

ectio

n

1)

Non

e

2) N

one

3) N

one

4) A

s in

dica

ted

in t

he

hor

izon

tal s

ectio

n

For

Sec

uriti

es C

ompa

nies

tl

Sec

uriti

es U

nder

writ

ing

I 1)

Unb

ound

1)

N

one

Par

ticip

atio

n in

iss

ues

of a

ll ki

nds

of s

ecur

ities

in

clud

ing

I 2)

Non

e 2)

Non

e

unde

rwrit

ing

and

plac

emen

t as

age

nts

(whe

ther

pub

licly

or

priv

atel

y) a

nd p

rovi

sion

of

serv

ices

rel

ated

to

suc

h is

sues

I 3)

Unb

ound

exc

ept

I I

For

rep

rese

ntat

ive

offic

es

none

II F

or li

cens

ed s

ecur

ities

com

pany

fo

reig

n eq

uity

par

ticip

atio

n ca

n be

al

low

ed u

p to

100

per

cent

of p

aid-

up

capi

tal

3) N

one

41A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

4)

A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

6Sec

uriti

es c

ompa

nies

mea

n se

curit

ies

com

pani

es w

hich

are

not

com

mer

cial

ban

ks a

nd in

sura

nce

com

pani

es

10

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mo

de

s o

f Sllp

plL

1) G

ross-b()

rcj~

r su

pply

2)

Con

sulT

lptio

n ab

road

3)

Com

mer

cial

pre

senc

e 4)

P

rese

nce

of

natu

ral p

erso

ns

I S

ecto

rorS

ub

sect

or

Lim

itat

ion

son

Mar

ketA

cces

s L

imit

atio

nso

nN

atio

nal

Tre

atm

ent

Ad

dit

ion

alC

om

mit

men

ts

F

orA

sset

Ma

na

ge

me

nt

Com

pani

es

-m

utua

l fun

d m

an

ag

em

en

t -

priv

ate

fund

ma

na

ge

me

nt

I 1)

Un

bo

un

d

1)

Non

e

-de

riva

tives

fund

m

an

ag

em

en

t I 2

) N

on

e

2)

Non

e

-ve

ntur

e ca

pita

l man

agem

ent

Ass

et

ma

na

ge

me

nt

I 3)

Un

bo

un

d e

xcep

t

I F

or

repr

esen

tativ

e of

fices

n

on

e

II F

or

ass

et m

an

ag

em

en

t com

pani

es

fore

ign

equi

ty p

artic

ipat

ion

can

be

allo

we

d u

p to

100

per

cent

ofp

aid-

up

capi

tal

How

ever

du

ring

the

firs

t fiv

e

year

saft

er th

e lic

ense

has

bee

n gr

ante

d a

t le

ast 5

0 pe

rcen

t o

f th

e

paid

-up

capi

tal o

f th

ea

sse

t m

an

ag

em

en

t com

pany

mu

st b

e h

eld

by

finan

cial

inst

itutio

nses

tabl

ishe

d u

nd

er

Tha

i la

w7

3)

Non

e

For

Sec

uriti

es C

ompa

nies

tl

4A

s in

dic

ate

d in

the

hor

izon

tal s

ectio

n

4) A

s in

dica

ted

in t

he

hor

izon

tal s

ectio

n

Adv

isor

y I

nter

med

iatio

n an

d O

the

r Aux

iliar

y F

inan

cial

I 1

) U

nb

ou

nd

1)

N

one

Ser

vice

s

Inve

stm

en

t Adv

iSO

ry

I 2

No

ne

2)

N

one

7Fin

anci

al in

stitu

tions

esta

blis

hed

unde

r Tha

i law

s in

this

sec

tion

mea

n se

curit

ies

com

pani

es

com

mer

cial

ban

ks

life

insu

ranc

e co

mpa

nies

an

d sp

ecia

lized

fina

ncia

l in

stitu

tions

est

ablis

hed

unde

r spe

cific

law

s

11

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

pl

Sec

toro

rSu

bse

cto

r

1lGr

oss-

bltl

rd~r

sup

ply

2) C

onsu

mpt

ion

abro

ad

lim

itat

ion

son

Mar

ketA

cces

s

3) C

omm

erci

al p

rese

nce

4)

Pre

senc

e o

f nat

ural

per

sons

lim

itat

ion

son

Nat

ion

alT

reat

men

t A

dd

itio

nal

Co

mm

itm

en

ts

3)

Unb

ound

exc

ept

I F

or r

epre

sent

ativ

e of

fices

no

ne

3)

Non

e

II F

or s

ecur

ities

com

pani

es

a)

fore

ign

equi

ty p

artic

ipat

ion

can

be a

llow

ed u

p to

100

per

cent

o

f pai

d-up

cap

ital

b)

Lice

nse

may

be

gra

nted

to

finan

cial

inst

itutio

ns li

cens

ed

unde

r T

hai L

aws

and

a li

mite

d co

mpa

ny w

hich

is n

ewly

es

tabl

ishe

d

4)A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

4)

A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

Oth

er a

uxili

ary

finan

cial

se

rvic

es

Cre

dit c

ard

serv

ices

(C

PC

811

33)

(Mob

ilizi

ng f

unds

from

the

pu

blic

is p

rohi

bite

d u

nles

s lic

ense

d un

der

a fin

anci

al

law

)

1) N

one

2) N

one

3) a

) A

s in

dica

ted

in B

3)(

h)

abov

e

b)

Fin

anci

al in

stitu

tions

mus

t obt

ain

prio

r ap

prov

al f

rom

the

Ban

k of

T

haila

nd

1) N

one

2) N

one

3) N

o lim

itatio

n as

long

as

fore

ign

equi

ty

part

icip

atio

n do

es n

ot e

xcee

d 49

per

ce

nt

4) A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

4) N

one

12

--

TH

AIL

AN

D

S

CH

ED

ULE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IALS

ER

VIC

ES

UN

DE

RA

FA

S

-_ -

-__

__

--

-__

__ -_

--

--

_

_

_

_ _

_---

__

-_

_

-_

_

-__

_-

_

-_

--

_

_-_

_--__

--_

-

Se

cto

rorS

ub

sect

or

Lim

ita

tio

nso

nM

ark

etA

cce

ss

Lim

ita

tio

nso

nN

ati

on

alT

rea

tme

nt

Ad

dit

lon

alC

om

mlt

me

n

ts

Fin

anci

al c

onsu

ltanc

y se

rvic

es

(CP

C 8

1332

)

1) U

nbou

nd

2) N

one

3) N

one

othe

r th

an t

hat

indi

cate

d in

the

ho

rizon

tal s

ectio

n

4)

As

indi

cate

d in

the

hor

izon

tal s

ectio

n

1) N

one

2) N

one

3) N

o lim

itatio

n as

long

as

fore

ign

equi

ty

part

icip

atio

n do

es n

ot e

xcee

d 4

9 p

er

cent

4)

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e

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en

t A

dd

itio

na

lCo

mm

itm

en

ts

(E)T

rans

fera

ble

secu

ritie

s

Par

ticip

atio

n in

iss

ues

of a

ll ki

nds

of s

ecur

ities

in

clud

ing

unde

r-w

ritin

g an

d p

lace

me

nt

as a

gent

(w

heth

er p

ublic

ly o

r pr

ivat

ely)

and

pro

visi

on o

f se

rvic

es r

elat

ed t

o s

uch

is

sues

2

III

Exi

stin

g fo

reig

n b

an

ks w

hich

al

read

y h

ad

th

e fi

rst

bran

ch o

ffic

e in

Th

aila

nd

pri

or

to J

uly

1995

will

ea

ch b

e p

erm

itte

d t

o o

pen

no

m

ore

than

tw

o a

dditi

onal

br

anch

es

IV N

on

e fo

r pa

rtic

ipat

ion

in c

hequ

e cl

eari

ng a

nd

se

ttle

me

nt s

yste

m

Ass

et m

an

ag

em

en

ea

s fo

llow

s

-ca

sh o

r po

rtfo

lio

man

agem

ent

-co

llect

ive

inve

stm

ent

man

agem

ent

-cu

stod

ian

and

depo

sito

ry s

erv

ice

s

Adv

isor

y i

nter

med

iatio

n a

nd

o

the

r au

xilia

ry f

inan

cial

se

rvic

es4

Pro

visi

on a

nd t

ran

sfe

r o

f fin

anci

al in

form

atio

n a

nd

fin

anci

al d

ata

pro

cess

ing

an

d

rela

ted

softw

are

c)

Loca

lly in

corp

ora

ted

ba

nks

I M

ark

et

acc

ess

lim

ited

to t

he

ac

quis

ition

of s

ha

res

of e

xist

ing

bank

s

II (

i) T

he

am

ou

nt o

f sha

res

held

by

pers

ons

of T

ha

i na

tiona

lity

shal

l n

ot b

e le

ss th

an

75

pe

rce

nt o

f th

e to

tal a

mo

un

t of v

otin

g sh

ares

sol

d C

om

bin

ed

sh

areh

oldi

ng o

f an

ind

ivid

ual

and

his

he

r re

late

d pe

rson

s sh

all

no

t e

xce

ed

10

pe

rce

nt o

f to

tal

nu

mb

er

of s

ha

res

sold

5

un

less

oth

erw

ise

per

mitt

ed b

y th

e B

an

k o

f Tha

iland

c)

Loca

lly in

corp

orat

ed b

an

ks

Non

e e

xce

pt a

s in

dica

ted

in t

he

m

ark

et a

cces

s co

lum

n

2 Th

e co

mm

itmen

ts fo

r S

ecur

ities

Com

pani

es u

nder

this

sub

sect

or a

re s

epar

atel

y lis

ted

belo

w

3 Th

e co

mm

itmen

ts fo

r Ass

et M

anag

emen

t Com

pani

es u

nder

this

sub

sect

or a

re s

epar

atel

y lis

ted

belo

w

4 Th

e co

mm

itmen

ts o

n In

vest

men

t Adv

isor

y fo

r S

ecur

ities

Com

pani

es u

nder

this

sub

sect

or a

re s

epar

atel

y lis

ted

belo

w

sro

tal n

umbe

r o

f sh

are

s so

ld i

nclu

de v

otin

g a

nd

no

n-v

otin

g s

ha

res

6

TH

AIL

AN

D

SC

HE

DU

LEO

FS

PE

CIF

ICC

OM

MIT

ME

NT

SF

OR

FIN

AN

CIA

LSE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

orde

r su

pply

2)

Con

sum

ptio

n ab

road

3)

Com

ll1er

cial

pre

senc

e 4)

P

rese

nce

of n

atur

al p~rsons

Se

cto

rorS

ub

sect

or

Lim

ita

tio

nso

nM

ark

etA

cce

ss

Lim

ita

tio

nso

nN

ati

on

alT

rea

tme

nt

Ad

dit

ion

alC

om

mit

me

n

ts

(ii)ln

the

ca

se w

here

the

Ban

k o

f T

haila

nd d

eem

s ap

prop

riate

th

e B

ank

of T

haila

nd m

ay g

rant

pe

rmis

sion

tha

t per

sons

of n

onshy

Tha

i na

tiona

lity

hold

sha

res

up

to 4

9 p

erce

nt o

f the

tot

al

amou

nt o

f vot

ing

shar

es s

old

(iii)

In t

he c

ase

whe

re it

is

nece

ssar

y to

rec

tify

the

oper

atio

n o

r to

str

engt

hen

the

stab

ility

of

any

loca

lly

inco

rpor

ated

ban

k o

r fo

r th

e pu

rpos

e o

f the

fina

ncia

l in

stitu

tions

sys

tem

sta

bilit

y t

he

Fin

ance

Min

iste

r with

the

re

com

men

datio

n o

f the

Ban

k o

f T

haila

nd s

hall

have

the

pow

er

to r

elax

the

req

uire

men

t o

f the

sh

areh

oldi

ng o

ther

than

tho

se

pres

crib

ed in

(c)

(

ii)

Suc

h eq

uity

par

ticip

atio

n w

ill b

e au

thor

ized

for

a p

erio

d o

f up

to

10 y

ears

w

ith fo

reig

n sh

areh

olde

rs w

ho e

nter

in t

his

perio

d be

ing

gran

dfat

here

d th

erea

fter

with

res

pect

to th

e ab

solu

te a

mou

nt o

f the

ir eq

uity

ho

ldin

g

III

(i) A

t le

ast t

hree

-fou

rths

of t

he

dire

ctor

s m

ust b

e o

f Tha

i na

tiona

lity

(ii

) In

th

e c

ase

whe

re t

he B

ank

of

7

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

ord

er

supp

ly

2) C

onsu

mpt

ion

abro

ad

3) C

omm

erci

al p

rese

nce

4)

Presenc~ o

f nat

ural

-pe=

-r-s

on

s---_

_--

Sec

toro

rSu

bse

cto

r L

imit

atio

nso

nM

arke

tAcc

ess

Lim

itat

ion

son

Nat

ion

alT

reat

men

t A

dd

itio

nal

Co

mm

itm

en

ts

Tha

iland

de

em

s ap

prop

riat

e

Th

e B

ank

of T

haila

nd m

ay

perm

it a

prop

ortio

n o

f non

-Tha

i na

tiona

lity

dir

ect

ors

of m

ore

than

one

-qua

rter

s b

ut s

hall

not

reac

h on

e h

alf

of t

he

tot

al

nu

mb

er

of d

irec

tors

(ii

i) In

the

cas

e w

he

re it

is

nece

ssar

y to

rec

tify

the

op

erat

ion

or

to s

tren

gthe

n th

e st

abili

ty o

f an

y lo

cally

in

corp

orat

ed b

an

k o

r fo

r th

e pu

rpos

e o

f th

e fi

nanc

ial

inst

itutio

n sy

stem

sta

bilit

y t

he

Fin

ance

Min

iste

r w

ith t

he

re

com

men

datio

n o

f th

e B

ank

of

Tha

iland

sha

ll h

ave

th

e p

ower

to

rel

ax t

he

re

qu

ire

me

nt

of t

he

dire

ctor

ship

oth

er

than

tho

se

pres

crib

ed in

(c)

III

(ii)

abov

e

Suc

h re

laxa

tion

ma

y be

gr

ante

d w

ith r

ule

an

d t

ime

clau

se

d) F

inan

cial

leas

ing

serv

ice

s

Can

onl

y be

pro

vide

d by

lea

sing

co

mpa

nies

whi

ch a

re s

ub

ject

to

max

imum

for

eign

eq

uity

par

ticip

atio

n o

f 49

per

cent

of p

aid

-up

reg

iste

red

capi

tal

or

by f

inan

ce c

om

pa

nie

s w

hich

are

sub

ject

to

ma

xim

um

fo

reig

n eq

uity

par

ticip

atio

n o

f 25

per

ce

nt o

f pai

d-up

reg

iste

red

capi

tal

d) F

inan

cial

leas

ing

serv

ices

Non

e

8

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

orde

r su

pply

2)

Con

sum

ptio

n ab

road

3)

Com

mer

cial

pre

senc

e 4)

P

rese

nce

of n

atur

al p

erso

ns

Sec

toro

rSu

bse

cto

r L

imit

atio

nso

nM

arke

tAcc

ess

Lim

itat

ion

son

Nat

ion

alT

reat

men

t A

dd

itio

nal

Co

mm

itm

en

ts

e) F

acto

ring

serv

ices

e)

Fac

torin

g se

rvic

es

Can

onl

y b

e pr

ovid

ed b

y fa

ctor

ing

com

pani

es w

hich

are

sub

ject

to

max

imum

for

eign

equ

ity p

artic

ipat

ion

of 4

9 pe

r cen

t of

pai

d-up

reg

iste

red

capi

tal

or

by fi

nanc

e co

mpa

nies

w

hich

are

sub

ject

to m

axim

um

fore

ign

equi

ty p

artic

ipat

ion

of 2

5 pe

r ce

nt o

f pai

d-up

reg

iste

red

capi

tal

Non

e

f)

Cre

dit

char

ge a

nd d

ebit

card

s f)

Cre

dit

char

ge a

nd d

ebit

card

s

Cre

dit

char

ge a

nd d

ebit

card

s ca

n on

ly b

e pr

ovid

ed b

y co

mpa

nies

w

hich

are

sub

ject

to

max

imum

fo

reig

n eq

uity

par

ticip

atio

n o

f 49

perc

ent

of p

aid-

up r

egis

tere

d ca

pita

l or

loca

lly in

corp

orat

ed b

an

ks a

nd

fore

ign

bank

bra

nche

s

Non

e

The

con

duct

of b

usin

esse

s un

der

d)

e) a

nd f)

will

be

subj

ect t

o lic

enS

ing

and

regu

latio

ns t

o b

e an

noun

ced

4)

For

ban

ks

repr

esen

tativ

e of

fices

and

fin

ance

com

pani

es

no q

uant

itativ

e lim

it ap

plie

s fo

r A

SE

AN

nat

iona

ls

App

rova

l sha

ll be

gra

nted

bas

ed o

n fo

reig

n se

rvic

es p

rovi

ders

bus

ines

s pl

ans

and

need

s

I 4)

Non

e

9

I

TH

AIL

AN

D

SC

HE

DU

LEO

FS

PE

CIF

ICC

OM

MIT

ME

NT

SF

OR

FIN

AN

CIA

LSE

RV

ICE

SU

NO

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

orde

r su

pply

2)

Con

sum

ptio

n ab

road

3)

Com

mer

cial

pre

senc

e 4)

P

rese

nce

of

natu

ral p

erso

ns

ii

Se

cto

rorS

ub

sect

or

Li m

itatio

nso

nM

ark

etA

cce

ss i

Lim

itatio

nso

nN

atio

na

lTre

atm

en

t A

dd

itio

na

lCo

mm

itm

en

ts

For

Sec

uriti

es C

ompa

nies

5

-se

curit

ies

brok

erag

e an

d de

alin

g -

deriv

ativ

es b

roke

rage

and

de

alin

g -

secu

ritie

s bo

rrow

ing

and

lend

ing

Tra

ding

for

ow

n ac

coun

t o

r fo

r ac

coun

t of c

usto

mer

s in

th

e fo

llow

ing

(C

) de

rivat

ive

prod

ucts

inc

l

but n

ot li

mite

d to

fu

ture

s an

d op

tions

(E

) tr

ansf

erab

le s

ecur

ities

1)

Unb

ound

2)

Non

e

3)

Unb

ound

exc

ept

I F

or r

epre

sent

ativ

e of

fices

no

ne

II F

or li

cens

ed s

ecur

ities

com

pany

fo

reig

n eq

uity

par

ticip

atio

n ca

n b

e

allo

wed

up

to 1

00 p

erce

nt o

fpai

d-up

ca

pita

l

4)

As

indi

cate

d in

the

hor

izon

tal s

ectio

n

1)

Non

e

2) N

one

3) N

one

4) A

s in

dica

ted

in t

he

hor

izon

tal s

ectio

n

For

Sec

uriti

es C

ompa

nies

tl

Sec

uriti

es U

nder

writ

ing

I 1)

Unb

ound

1)

N

one

Par

ticip

atio

n in

iss

ues

of a

ll ki

nds

of s

ecur

ities

in

clud

ing

I 2)

Non

e 2)

Non

e

unde

rwrit

ing

and

plac

emen

t as

age

nts

(whe

ther

pub

licly

or

priv

atel

y) a

nd p

rovi

sion

of

serv

ices

rel

ated

to

suc

h is

sues

I 3)

Unb

ound

exc

ept

I I

For

rep

rese

ntat

ive

offic

es

none

II F

or li

cens

ed s

ecur

ities

com

pany

fo

reig

n eq

uity

par

ticip

atio

n ca

n be

al

low

ed u

p to

100

per

cent

of p

aid-

up

capi

tal

3) N

one

41A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

4)

A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

6Sec

uriti

es c

ompa

nies

mea

n se

curit

ies

com

pani

es w

hich

are

not

com

mer

cial

ban

ks a

nd in

sura

nce

com

pani

es

10

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mo

de

s o

f Sllp

plL

1) G

ross-b()

rcj~

r su

pply

2)

Con

sulT

lptio

n ab

road

3)

Com

mer

cial

pre

senc

e 4)

P

rese

nce

of

natu

ral p

erso

ns

I S

ecto

rorS

ub

sect

or

Lim

itat

ion

son

Mar

ketA

cces

s L

imit

atio

nso

nN

atio

nal

Tre

atm

ent

Ad

dit

ion

alC

om

mit

men

ts

F

orA

sset

Ma

na

ge

me

nt

Com

pani

es

-m

utua

l fun

d m

an

ag

em

en

t -

priv

ate

fund

ma

na

ge

me

nt

I 1)

Un

bo

un

d

1)

Non

e

-de

riva

tives

fund

m

an

ag

em

en

t I 2

) N

on

e

2)

Non

e

-ve

ntur

e ca

pita

l man

agem

ent

Ass

et

ma

na

ge

me

nt

I 3)

Un

bo

un

d e

xcep

t

I F

or

repr

esen

tativ

e of

fices

n

on

e

II F

or

ass

et m

an

ag

em

en

t com

pani

es

fore

ign

equi

ty p

artic

ipat

ion

can

be

allo

we

d u

p to

100

per

cent

ofp

aid-

up

capi

tal

How

ever

du

ring

the

firs

t fiv

e

year

saft

er th

e lic

ense

has

bee

n gr

ante

d a

t le

ast 5

0 pe

rcen

t o

f th

e

paid

-up

capi

tal o

f th

ea

sse

t m

an

ag

em

en

t com

pany

mu

st b

e h

eld

by

finan

cial

inst

itutio

nses

tabl

ishe

d u

nd

er

Tha

i la

w7

3)

Non

e

For

Sec

uriti

es C

ompa

nies

tl

4A

s in

dic

ate

d in

the

hor

izon

tal s

ectio

n

4) A

s in

dica

ted

in t

he

hor

izon

tal s

ectio

n

Adv

isor

y I

nter

med

iatio

n an

d O

the

r Aux

iliar

y F

inan

cial

I 1

) U

nb

ou

nd

1)

N

one

Ser

vice

s

Inve

stm

en

t Adv

iSO

ry

I 2

No

ne

2)

N

one

7Fin

anci

al in

stitu

tions

esta

blis

hed

unde

r Tha

i law

s in

this

sec

tion

mea

n se

curit

ies

com

pani

es

com

mer

cial

ban

ks

life

insu

ranc

e co

mpa

nies

an

d sp

ecia

lized

fina

ncia

l in

stitu

tions

est

ablis

hed

unde

r spe

cific

law

s

11

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

pl

Sec

toro

rSu

bse

cto

r

1lGr

oss-

bltl

rd~r

sup

ply

2) C

onsu

mpt

ion

abro

ad

lim

itat

ion

son

Mar

ketA

cces

s

3) C

omm

erci

al p

rese

nce

4)

Pre

senc

e o

f nat

ural

per

sons

lim

itat

ion

son

Nat

ion

alT

reat

men

t A

dd

itio

nal

Co

mm

itm

en

ts

3)

Unb

ound

exc

ept

I F

or r

epre

sent

ativ

e of

fices

no

ne

3)

Non

e

II F

or s

ecur

ities

com

pani

es

a)

fore

ign

equi

ty p

artic

ipat

ion

can

be a

llow

ed u

p to

100

per

cent

o

f pai

d-up

cap

ital

b)

Lice

nse

may

be

gra

nted

to

finan

cial

inst

itutio

ns li

cens

ed

unde

r T

hai L

aws

and

a li

mite

d co

mpa

ny w

hich

is n

ewly

es

tabl

ishe

d

4)A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

4)

A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

Oth

er a

uxili

ary

finan

cial

se

rvic

es

Cre

dit c

ard

serv

ices

(C

PC

811

33)

(Mob

ilizi

ng f

unds

from

the

pu

blic

is p

rohi

bite

d u

nles

s lic

ense

d un

der

a fin

anci

al

law

)

1) N

one

2) N

one

3) a

) A

s in

dica

ted

in B

3)(

h)

abov

e

b)

Fin

anci

al in

stitu

tions

mus

t obt

ain

prio

r ap

prov

al f

rom

the

Ban

k of

T

haila

nd

1) N

one

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one

3) N

o lim

itatio

n as

long

as

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ign

equi

ty

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icip

atio

n do

es n

ot e

xcee

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per

ce

nt

4) A

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dica

ted

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he h

oriz

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tion

4) N

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12

--

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AIL

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D

S

CH

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ULE

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nt

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dit

lon

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Fin

anci

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rvic

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long

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ign

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atio

n do

es n

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toco

l to

Imp

lem

en

t th

e S

ixth

Pac

kage

of C

om

mit

me

nt o

n F

ina

nci

al S

erv

ice

s

un

de

r th

e A

SE

AN

Fra

me

wo

rk A

gre

em

en

t on

Se

rvic

es

TH

AIL

AN

D

SC

HE

DU

LE O

F S

PE

CIF

IC S

ER

VIC

ES

CO

MM

ITM

EN

TS

TH

AIL

AN

D

SC

HE

DU

LEO

FS

PE

CIF

ICC

OM

MIT

ME

NT

SF

OR

FIN

AN

CIA

LSE

RV

ICE

SU

ND

ER

AF

AS

Mo

de

s o

f Sup

ply

1)

Gro

ss-b

ord

er

sup

ply

2)

Co

nsu

mp

tio

n a

bro

ad

3)

G()mmer~ii31

pr(

se

nce

4)

presell~e (

)f n

atu

ral p

ers

on

s

Se

cto

rorS

ub

sect

or

Lim

ita

tio

nso

nM

ark

etA

cce

ss

Lim

itatio

nso

nN

atlo

na

lTre

atm

en

t I

Ad

dit

lon

alC

om

mit

me

n

ts

A

Insu

ran

ce in

clu

din

g

rein

sura

nce

an

d

retr

oce

ssio

n

life

insu

ran

ce s

erv

ice

s(C

PC

8

12

11

) 1)

No

ne

2) N

on

e

3) a

) F

ore

ign

eq

uity

pa

rtic

ipa

tion

lim

ited

to

2

5 p

er

cen

t o

f re

gis

tere

d s

ha

re

capi

tal

b) N

ew

est

ab

lish

me

nt

is s

ub

ject

to

lice

nce

ap

pro

ved

by

the

Min

iste

r with

th

e c

on

sen

t of t

he

Ca

bin

et

4) O

nly

se

nio

r m

an

ag

eri

al p

ers

on

ne

l sp

eci

alis

ts a

nd

te

chn

ica

l a

ssis

tan

ts w

ith

the

ap

pro

val o

f th

e I

nsu

ran

ce

Co

mm

issi

on

er

1) N

on

e

2)

life

insu

ran

ce p

rem

ium

is t

ax

de

du

ctib

le u

p to

a c

erta

in a

mo

un

t fo

r h

old

ers

of p

olic

ies

issu

ed

by

loca

l co

mp

an

ies

I 3)

No

ne

I 4)

No

ne

No

n-l

ife in

sura

nce

se

rvic

es

(CP

C 8

12

9)

1) U

nb

ou

nd

exc

ep

t fo

r in

tern

atio

na

l m

ari

ne

a

via

tion

an

d t

ran

sit

an

d a

ll cl

ass

es

of

rein

sura

nce

2)

No

ne

3) a

) F

ore

ign

eq

uity

pa

rtic

ipa

tion

lim

ited

to

2

5 p

erc

en

t of r

eg

iste

red

sh

are

ca

pita

l

1) U

nb

ou

nd

I 2)

No

ne

I 3)

No

ne

2

-1

TH

AIL

AN

D

SC

HE

DU

LEO

FS

PE

CIF

ICC

OM

MIT

ME

NT

SF

OR

FIN

AN

CIA

LSE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

1

Cro

ss-b

orde

r su

pply

2

) C

onsu

mpt

ion

abro

ad

3) C

omm

erci

al p

rese

nce

4)

Pre

senc

e o

f nat

ural

per

sons

Se

cto

rorS

ub

sect

or

Lim

ita

tio

nso

nM

ark

etA

cce

ss

Lim

itatio

nso

nN

atio

na

lTre

atm

en

t I A

dd

itio

na

lCo

mm

itme

n

ts

Ser

vice

s au

xilia

ry to

in

sura

nce

(exc

ludi

ng p

ensi

on

fund

ing

serv

ices

)

Insu

ranc

e br

okin

g an

d ag

ency

ser

vice

s (C

PC

814

01)(

Bro

kers

sha

ll n

ot i

nduc

e a

dvis

e o

r do

any

a

cts

so a

s to

cau

se a

ny

pers

on t

o en

ter

into

insu

ranc

e co

ntra

cts

with

ins

urer

s ab

road

ex

cept

for

rein

sura

nce

cont

ract

s)

Insu

ranc

e co

nsul

tanc

y se

rvic

es

(CP

C 8

1402

)

b)

New

est

ablis

hmen

t is

sub

ject

to

licen

se a

ppro

ved

by

the

Min

iste

r w

ith

the

cons

ent o

f the

Cab

inet

4) O

nly

seni

or m

anag

eria

l per

sonn

el

spec

ialis

ts a

nd t

echn

ical

ass

ista

nts

with

th

e ap

prov

al o

f the

Ins

uran

ce

Com

mis

sion

er

1) U

nbou

nd

2) U

nbou

nd

3)

For

eign

equ

ity p

artic

ipat

ion

not

to

exce

ed 4

9 pe

r ce

nt

4) a

) O

nly

seni

or m

anag

eria

l per

sonn

el

spec

ialis

ts a

nd t

echn

ical

ass

ista

nts

with

the

app

rova

l of t

he I

nsur

ance

C

omm

issi

oner

b)

U

nbou

nd f

or in

divi

dual

bro

ker

and

agen

t

1) N

one

2) N

one

3) N

one

oth

er t

han

that

indi

cate

d in

the

ho

rizo

jltal

sec

tion

4 O

nly

seni

or m

anag

eria

l per

sonn

el

spec

ialis

ts a

nd t

echn

ical

ass

ista

nts

with

th

e ap

prov

al o

f the

Ins

uran

ce

I 4)

Non

e

1) U

nbou

nd

2) U

nbou

nd

3) N

o lim

itatio

n a

s lo

ng a

s fo

reig

n eq

uity

pa

rtic

ipat

ion

does

not

exc

eed

49

pe

r ce

nt

4) N

one

1) N

one

2) N

one

3) N

o lim

itatio

n as

long

as

fore

ign

equi

ty

part

icip

atio

n d

oe

s no

t exc

eed

49 p

er

cent

4) N

one

3

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

orde

r su

pply

2)

Con

sum

ptio

n ab

road

4

I

Se

cto

rorS

ub

sect

or

Lim

itatio

nso

nM

ark

etA

cce

ss

Ad

dit

ion

alC

om

mit

me

n

ts

1) N

one

se

rvic

es(C

PC

814

03)

2)

Non

e

Ave

rage

and

loss

adj

ustm

ent

I 1)

Non

e

2)

Non

e

3) N

one

oth

er t

han

that

indi

cate

d in

3)

No

limita

tion

as lo

ng a

s fo

reig

n eq

uity

th

ehor

izon

tal s

ectio

n

part

icip

atio

n d

oe

s no

texc

eed

49

pe

r ce

nt

4)N

one

pers

onne

lspe

cial

ists

and

tec

hnic

al

assi

stan

ts w

ith t

he a

ppro

val o

f the

In

sura

nce

Com

mis

sion

er

4) O

nly

seni

or m

anag

eria

l

~shy

1) N

one

1) N

one

(C

PC

814

04)

2)

Non

e

Act

uaria

l ser

vice

s

2) N

one

3) N

one

oth

er

than

tha

t in

dica

ted

in

3) N

o lim

itatio

n a

s lo

ng a

s fo

reig

n eq

uity

th

ehor

izon

tal s

ectio

n

part

icip

atio

n d

oe

s no

t exc

eed

49

per

ce

nt

4)N

one

pers

onne

lspe

cial

ists

and

tec

hnic

al

assi

stan

ts w

ith t

he a

ppro

val o

f the

In

sura

nce

Com

mis

sion

er

4) O

nly

seni

or m

anag

eria

l

4

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Su

I

Cro

ss-b

orde

r su

pply

~

Con

sum

ptio

n ab

road

3)

Com

mer

cial

pre

senc

e 4)

P

rese

nce

of n~

tura

l pe

rson

s

B

Ban

kin

g a

nd

Oth

er

Fin

anci

al S

erv

ice

s

Lim

ltat

ion

son

Mar

ketA

cces

s L

imit

atio

nso

nN

atio

nal

Tre

atm

ent

I

Ad

dit

ion

alC

om

mit

men

ts

Acc

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ks w

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rst

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abov

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d t

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Can

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re s

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eq

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par

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per

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it ap

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ll ki

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age

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A

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6Sec

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n se

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ies

com

pani

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hich

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mer

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ks a

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nce

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pani

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10

TH

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D

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LE

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EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mo

de

s o

f Sllp

plL

1) G

ross-b()

rcj~

r su

pply

2)

Con

sulT

lptio

n ab

road

3)

Com

mer

cial

pre

senc

e 4)

P

rese

nce

of

natu

ral p

erso

ns

I S

ecto

rorS

ub

sect

or

Lim

itat

ion

son

Mar

ketA

cces

s L

imit

atio

nso

nN

atio

nal

Tre

atm

ent

Ad

dit

ion

alC

om

mit

men

ts

F

orA

sset

Ma

na

ge

me

nt

Com

pani

es

-m

utua

l fun

d m

an

ag

em

en

t -

priv

ate

fund

ma

na

ge

me

nt

I 1)

Un

bo

un

d

1)

Non

e

-de

riva

tives

fund

m

an

ag

em

en

t I 2

) N

on

e

2)

Non

e

-ve

ntur

e ca

pita

l man

agem

ent

Ass

et

ma

na

ge

me

nt

I 3)

Un

bo

un

d e

xcep

t

I F

or

repr

esen

tativ

e of

fices

n

on

e

II F

or

ass

et m

an

ag

em

en

t com

pani

es

fore

ign

equi

ty p

artic

ipat

ion

can

be

allo

we

d u

p to

100

per

cent

ofp

aid-

up

capi

tal

How

ever

du

ring

the

firs

t fiv

e

year

saft

er th

e lic

ense

has

bee

n gr

ante

d a

t le

ast 5

0 pe

rcen

t o

f th

e

paid

-up

capi

tal o

f th

ea

sse

t m

an

ag

em

en

t com

pany

mu

st b

e h

eld

by

finan

cial

inst

itutio

nses

tabl

ishe

d u

nd

er

Tha

i la

w7

3)

Non

e

For

Sec

uriti

es C

ompa

nies

tl

4A

s in

dic

ate

d in

the

hor

izon

tal s

ectio

n

4) A

s in

dica

ted

in t

he

hor

izon

tal s

ectio

n

Adv

isor

y I

nter

med

iatio

n an

d O

the

r Aux

iliar

y F

inan

cial

I 1

) U

nb

ou

nd

1)

N

one

Ser

vice

s

Inve

stm

en

t Adv

iSO

ry

I 2

No

ne

2)

N

one

7Fin

anci

al in

stitu

tions

esta

blis

hed

unde

r Tha

i law

s in

this

sec

tion

mea

n se

curit

ies

com

pani

es

com

mer

cial

ban

ks

life

insu

ranc

e co

mpa

nies

an

d sp

ecia

lized

fina

ncia

l in

stitu

tions

est

ablis

hed

unde

r spe

cific

law

s

11

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

pl

Sec

toro

rSu

bse

cto

r

1lGr

oss-

bltl

rd~r

sup

ply

2) C

onsu

mpt

ion

abro

ad

lim

itat

ion

son

Mar

ketA

cces

s

3) C

omm

erci

al p

rese

nce

4)

Pre

senc

e o

f nat

ural

per

sons

lim

itat

ion

son

Nat

ion

alT

reat

men

t A

dd

itio

nal

Co

mm

itm

en

ts

3)

Unb

ound

exc

ept

I F

or r

epre

sent

ativ

e of

fices

no

ne

3)

Non

e

II F

or s

ecur

ities

com

pani

es

a)

fore

ign

equi

ty p

artic

ipat

ion

can

be a

llow

ed u

p to

100

per

cent

o

f pai

d-up

cap

ital

b)

Lice

nse

may

be

gra

nted

to

finan

cial

inst

itutio

ns li

cens

ed

unde

r T

hai L

aws

and

a li

mite

d co

mpa

ny w

hich

is n

ewly

es

tabl

ishe

d

4)A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

4)

A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

Oth

er a

uxili

ary

finan

cial

se

rvic

es

Cre

dit c

ard

serv

ices

(C

PC

811

33)

(Mob

ilizi

ng f

unds

from

the

pu

blic

is p

rohi

bite

d u

nles

s lic

ense

d un

der

a fin

anci

al

law

)

1) N

one

2) N

one

3) a

) A

s in

dica

ted

in B

3)(

h)

abov

e

b)

Fin

anci

al in

stitu

tions

mus

t obt

ain

prio

r ap

prov

al f

rom

the

Ban

k of

T

haila

nd

1) N

one

2) N

one

3) N

o lim

itatio

n as

long

as

fore

ign

equi

ty

part

icip

atio

n do

es n

ot e

xcee

d 49

per

ce

nt

4) A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

4) N

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12

--

TH

AIL

AN

D

S

CH

ED

ULE

OF

SP

EC

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MM

ITM

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TS

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RF

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ER

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UN

DE

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Se

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Lim

ita

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ita

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ati

on

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nt

Ad

dit

lon

alC

om

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ts

Fin

anci

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ltanc

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rvic

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r th

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rizon

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ectio

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indi

cate

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hor

izon

tal s

ectio

n

1) N

one

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o lim

itatio

n as

long

as

fore

ign

equi

ty

part

icip

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n do

es n

ot e

xcee

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mit

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nci

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de

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SE

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gre

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t on

Se

rvic

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TH

AIL

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D

SC

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LE O

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CIF

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ER

VIC

ES

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MM

ITM

EN

TS

TH

AIL

AN

D

SC

HE

DU

LEO

FS

PE

CIF

ICC

OM

MIT

ME

NT

SF

OR

FIN

AN

CIA

LSE

RV

ICE

SU

ND

ER

AF

AS

Mo

de

s o

f Sup

ply

1)

Gro

ss-b

ord

er

sup

ply

2)

Co

nsu

mp

tio

n a

bro

ad

3)

G()mmer~ii31

pr(

se

nce

4)

presell~e (

)f n

atu

ral p

ers

on

s

Se

cto

rorS

ub

sect

or

Lim

ita

tio

nso

nM

ark

etA

cce

ss

Lim

itatio

nso

nN

atlo

na

lTre

atm

en

t I

Ad

dit

lon

alC

om

mit

me

n

ts

A

Insu

ran

ce in

clu

din

g

rein

sura

nce

an

d

retr

oce

ssio

n

life

insu

ran

ce s

erv

ice

s(C

PC

8

12

11

) 1)

No

ne

2) N

on

e

3) a

) F

ore

ign

eq

uity

pa

rtic

ipa

tion

lim

ited

to

2

5 p

er

cen

t o

f re

gis

tere

d s

ha

re

capi

tal

b) N

ew

est

ab

lish

me

nt

is s

ub

ject

to

lice

nce

ap

pro

ved

by

the

Min

iste

r with

th

e c

on

sen

t of t

he

Ca

bin

et

4) O

nly

se

nio

r m

an

ag

eri

al p

ers

on

ne

l sp

eci

alis

ts a

nd

te

chn

ica

l a

ssis

tan

ts w

ith

the

ap

pro

val o

f th

e I

nsu

ran

ce

Co

mm

issi

on

er

1) N

on

e

2)

life

insu

ran

ce p

rem

ium

is t

ax

de

du

ctib

le u

p to

a c

erta

in a

mo

un

t fo

r h

old

ers

of p

olic

ies

issu

ed

by

loca

l co

mp

an

ies

I 3)

No

ne

I 4)

No

ne

No

n-l

ife in

sura

nce

se

rvic

es

(CP

C 8

12

9)

1) U

nb

ou

nd

exc

ep

t fo

r in

tern

atio

na

l m

ari

ne

a

via

tion

an

d t

ran

sit

an

d a

ll cl

ass

es

of

rein

sura

nce

2)

No

ne

3) a

) F

ore

ign

eq

uity

pa

rtic

ipa

tion

lim

ited

to

2

5 p

erc

en

t of r

eg

iste

red

sh

are

ca

pita

l

1) U

nb

ou

nd

I 2)

No

ne

I 3)

No

ne

2

-1

TH

AIL

AN

D

SC

HE

DU

LEO

FS

PE

CIF

ICC

OM

MIT

ME

NT

SF

OR

FIN

AN

CIA

LSE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

1

Cro

ss-b

orde

r su

pply

2

) C

onsu

mpt

ion

abro

ad

3) C

omm

erci

al p

rese

nce

4)

Pre

senc

e o

f nat

ural

per

sons

Se

cto

rorS

ub

sect

or

Lim

ita

tio

nso

nM

ark

etA

cce

ss

Lim

itatio

nso

nN

atio

na

lTre

atm

en

t I A

dd

itio

na

lCo

mm

itme

n

ts

Ser

vice

s au

xilia

ry to

in

sura

nce

(exc

ludi

ng p

ensi

on

fund

ing

serv

ices

)

Insu

ranc

e br

okin

g an

d ag

ency

ser

vice

s (C

PC

814

01)(

Bro

kers

sha

ll n

ot i

nduc

e a

dvis

e o

r do

any

a

cts

so a

s to

cau

se a

ny

pers

on t

o en

ter

into

insu

ranc

e co

ntra

cts

with

ins

urer

s ab

road

ex

cept

for

rein

sura

nce

cont

ract

s)

Insu

ranc

e co

nsul

tanc

y se

rvic

es

(CP

C 8

1402

)

b)

New

est

ablis

hmen

t is

sub

ject

to

licen

se a

ppro

ved

by

the

Min

iste

r w

ith

the

cons

ent o

f the

Cab

inet

4) O

nly

seni

or m

anag

eria

l per

sonn

el

spec

ialis

ts a

nd t

echn

ical

ass

ista

nts

with

th

e ap

prov

al o

f the

Ins

uran

ce

Com

mis

sion

er

1) U

nbou

nd

2) U

nbou

nd

3)

For

eign

equ

ity p

artic

ipat

ion

not

to

exce

ed 4

9 pe

r ce

nt

4) a

) O

nly

seni

or m

anag

eria

l per

sonn

el

spec

ialis

ts a

nd t

echn

ical

ass

ista

nts

with

the

app

rova

l of t

he I

nsur

ance

C

omm

issi

oner

b)

U

nbou

nd f

or in

divi

dual

bro

ker

and

agen

t

1) N

one

2) N

one

3) N

one

oth

er t

han

that

indi

cate

d in

the

ho

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4 O

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or m

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sonn

el

spec

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ts a

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with

th

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prov

al o

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Ins

uran

ce

I 4)

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e

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nd

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n eq

uity

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rtic

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not

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eed

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pe

r ce

nt

4) N

one

1) N

one

2) N

one

3) N

o lim

itatio

n as

long

as

fore

ign

equi

ty

part

icip

atio

n d

oe

s no

t exc

eed

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er

cent

4) N

one

3

TH

AIL

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D

SC

HE

DU

LE

OF

SP

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IFIC

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MM

ITM

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TS

FO

RF

INA

NC

IAL

SE

RV

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ND

ER

AF

AS

Mod

es o

f Sup

ply

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adj

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e

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er t

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n eq

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th

ehor

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ectio

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n d

oe

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texc

eed

49

pe

r ce

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onne

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assi

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s

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4)N

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ata

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cess

ing

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ound

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er

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dvis

ory

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cial

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ta p

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or

all

oth

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3) a

) R

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ativ

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ficeo

f ban

ks N

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epre

sent

ativ

e of

fice

ofba

nks

Non

e b)

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eign

ban

k br

anch

es

I N

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for

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ting

fore

ign

bank

br

anch

es u

nder

pre

sent

sh

areh

oldi

ng s

truc

ture

N

ew

es

tabl

ishm

ent

is s

ubje

ct to

lic

ence

app

rove

d by

the

Min

iste

r o

f Fin

ance

with

the

co

nsen

t of t

he C

abin

et

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AT

M o

pera

tions

per

mitt

ed

un

de

r th

e fo

llow

ing

cond

ition

s on

ly

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inin

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TM

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lsop

erat

ed b

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o

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ow

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litie

s w

ith

oth

er

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mer

cial

ban

ks in

T

haila

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orei

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ank

bran

ches

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e e

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m

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ess

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mn

1 Th

e co

mm

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ts fo

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Com

pani

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nder

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sub

sect

or a

re s

epar

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w

5

TH

AIL

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D

SC

HE

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LEO

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PE

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ICC

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OR

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ND

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Mod

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nce

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rese

nce

of

natu

ral p

ers

on

s

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cto

rorS

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sect

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itatio

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na

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en

t A

dd

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na

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mm

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en

ts

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rans

fera

ble

secu

ritie

s

Par

ticip

atio

n in

iss

ues

of a

ll ki

nds

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ecur

ities

in

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ing

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r-w

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d p

lace

me

nt

as a

gent

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ly o

r pr

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on o

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2

III

Exi

stin

g fo

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n b

an

ks w

hich

al

read

y h

ad

th

e fi

rst

bran

ch o

ffic

e in

Th

aila

nd

pri

or

to J

uly

1995

will

ea

ch b

e p

erm

itte

d t

o o

pen

no

m

ore

than

tw

o a

dditi

onal

br

anch

es

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on

e fo

r pa

rtic

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hequ

e cl

eari

ng a

nd

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ttle

me

nt s

yste

m

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et m

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ag

em

en

ea

s fo

llow

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sh o

r po

rtfo

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man

agem

ent

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llect

ive

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stm

ent

man

agem

ent

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stod

ian

and

depo

sito

ry s

erv

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s

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isor

y i

nter

med

iatio

n a

nd

o

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r au

xilia

ry f

inan

cial

se

rvic

es4

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visi

on a

nd t

ran

sfe

r o

f fin

anci

al in

form

atio

n a

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fin

anci

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ata

pro

cess

ing

an

d

rela

ted

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are

c)

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lly in

corp

ora

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ba

nks

I M

ark

et

acc

ess

lim

ited

to t

he

ac

quis

ition

of s

ha

res

of e

xist

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bank

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i) T

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ou

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res

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l n

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mb

er

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sold

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k o

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ks

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n

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TH

AIL

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D

SC

HE

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FS

PE

CIF

ICC

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ME

NT

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OR

FIN

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RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

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ss-b

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r su

pply

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ptio

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road

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e 4)

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atur

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cto

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se w

here

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Ban

k o

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eem

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ank

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ay g

rant

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sion

tha

t per

sons

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onshy

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i na

tiona

lity

hold

sha

res

up

to 4

9 p

erce

nt o

f the

tot

al

amou

nt o

f vot

ing

shar

es s

old

(iii)

In t

he c

ase

whe

re it

is

nece

ssar

y to

rec

tify

the

oper

atio

n o

r to

str

engt

hen

the

stab

ility

of

any

loca

lly

inco

rpor

ated

ban

k o

r fo

r th

e pu

rpos

e o

f the

fina

ncia

l in

stitu

tions

sys

tem

sta

bilit

y t

he

Fin

ance

Min

iste

r with

the

re

com

men

datio

n o

f the

Ban

k o

f T

haila

nd s

hall

have

the

pow

er

to r

elax

the

req

uire

men

t o

f the

sh

areh

oldi

ng o

ther

than

tho

se

pres

crib

ed in

(c)

(

ii)

Suc

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uity

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ticip

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ill b

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thor

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ears

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ast t

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lity

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) In

th

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ase

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re t

he B

ank

of

7

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Mod

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Presenc~ o

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on

s---_

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ank

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ay

perm

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of t

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re it

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n th

e st

abili

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cally

in

corp

orat

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an

k o

r fo

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e pu

rpos

e o

f th

e fi

nanc

ial

inst

itutio

n sy

stem

sta

bilit

y t

he

Fin

ance

Min

iste

r w

ith t

he

re

com

men

datio

n o

f th

e B

ank

of

Tha

iland

sha

ll h

ave

th

e p

ower

to

rel

ax t

he

re

qu

ire

me

nt

of t

he

dire

ctor

ship

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er

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tho

se

pres

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ed in

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III

(ii)

abov

e

Suc

h re

laxa

tion

ma

y be

gr

ante

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ith r

ule

an

d t

ime

clau

se

d) F

inan

cial

leas

ing

serv

ice

s

Can

onl

y be

pro

vide

d by

lea

sing

co

mpa

nies

whi

ch a

re s

ub

ject

to

max

imum

for

eign

eq

uity

par

ticip

atio

n o

f 49

per

cent

of p

aid

-up

reg

iste

red

capi

tal

or

by f

inan

ce c

om

pa

nie

s w

hich

are

sub

ject

to

ma

xim

um

fo

reig

n eq

uity

par

ticip

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n o

f 25

per

ce

nt o

f pai

d-up

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red

capi

tal

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inan

cial

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ing

serv

ices

Non

e

8

TH

AIL

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D

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HE

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LE

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IFIC

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MM

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EN

TS

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RV

ICE

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ND

ER

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AS

Mod

es o

f Sup

ply

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ss-b

orde

r su

pply

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Con

sum

ptio

n ab

road

3)

Com

mer

cial

pre

senc

e 4)

P

rese

nce

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atur

al p

erso

ns

Sec

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rSu

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r L

imit

atio

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nM

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ess

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itat

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ion

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t A

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itio

nal

Co

mm

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ts

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acto

ring

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ices

e)

Fac

torin

g se

rvic

es

Can

onl

y b

e pr

ovid

ed b

y fa

ctor

ing

com

pani

es w

hich

are

sub

ject

to

max

imum

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eign

equ

ity p

artic

ipat

ion

of 4

9 pe

r cen

t of

pai

d-up

reg

iste

red

capi

tal

or

by fi

nanc

e co

mpa

nies

w

hich

are

sub

ject

to m

axim

um

fore

ign

equi

ty p

artic

ipat

ion

of 2

5 pe

r ce

nt o

f pai

d-up

reg

iste

red

capi

tal

Non

e

f)

Cre

dit

char

ge a

nd d

ebit

card

s f)

Cre

dit

char

ge a

nd d

ebit

card

s

Cre

dit

char

ge a

nd d

ebit

card

s ca

n on

ly b

e pr

ovid

ed b

y co

mpa

nies

w

hich

are

sub

ject

to

max

imum

fo

reig

n eq

uity

par

ticip

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n o

f 49

perc

ent

of p

aid-

up r

egis

tere

d ca

pita

l or

loca

lly in

corp

orat

ed b

an

ks a

nd

fore

ign

bank

bra

nche

s

Non

e

The

con

duct

of b

usin

esse

s un

der

d)

e) a

nd f)

will

be

subj

ect t

o lic

enS

ing

and

regu

latio

ns t

o b

e an

noun

ced

4)

For

ban

ks

repr

esen

tativ

e of

fices

and

fin

ance

com

pani

es

no q

uant

itativ

e lim

it ap

plie

s fo

r A

SE

AN

nat

iona

ls

App

rova

l sha

ll be

gra

nted

bas

ed o

n fo

reig

n se

rvic

es p

rovi

ders

bus

ines

s pl

ans

and

need

s

I 4)

Non

e

9

I

TH

AIL

AN

D

SC

HE

DU

LEO

FS

PE

CIF

ICC

OM

MIT

ME

NT

SF

OR

FIN

AN

CIA

LSE

RV

ICE

SU

NO

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

orde

r su

pply

2)

Con

sum

ptio

n ab

road

3)

Com

mer

cial

pre

senc

e 4)

P

rese

nce

of

natu

ral p

erso

ns

ii

Se

cto

rorS

ub

sect

or

Li m

itatio

nso

nM

ark

etA

cce

ss i

Lim

itatio

nso

nN

atio

na

lTre

atm

en

t A

dd

itio

na

lCo

mm

itm

en

ts

For

Sec

uriti

es C

ompa

nies

5

-se

curit

ies

brok

erag

e an

d de

alin

g -

deriv

ativ

es b

roke

rage

and

de

alin

g -

secu

ritie

s bo

rrow

ing

and

lend

ing

Tra

ding

for

ow

n ac

coun

t o

r fo

r ac

coun

t of c

usto

mer

s in

th

e fo

llow

ing

(C

) de

rivat

ive

prod

ucts

inc

l

but n

ot li

mite

d to

fu

ture

s an

d op

tions

(E

) tr

ansf

erab

le s

ecur

ities

1)

Unb

ound

2)

Non

e

3)

Unb

ound

exc

ept

I F

or r

epre

sent

ativ

e of

fices

no

ne

II F

or li

cens

ed s

ecur

ities

com

pany

fo

reig

n eq

uity

par

ticip

atio

n ca

n b

e

allo

wed

up

to 1

00 p

erce

nt o

fpai

d-up

ca

pita

l

4)

As

indi

cate

d in

the

hor

izon

tal s

ectio

n

1)

Non

e

2) N

one

3) N

one

4) A

s in

dica

ted

in t

he

hor

izon

tal s

ectio

n

For

Sec

uriti

es C

ompa

nies

tl

Sec

uriti

es U

nder

writ

ing

I 1)

Unb

ound

1)

N

one

Par

ticip

atio

n in

iss

ues

of a

ll ki

nds

of s

ecur

ities

in

clud

ing

I 2)

Non

e 2)

Non

e

unde

rwrit

ing

and

plac

emen

t as

age

nts

(whe

ther

pub

licly

or

priv

atel

y) a

nd p

rovi

sion

of

serv

ices

rel

ated

to

suc

h is

sues

I 3)

Unb

ound

exc

ept

I I

For

rep

rese

ntat

ive

offic

es

none

II F

or li

cens

ed s

ecur

ities

com

pany

fo

reig

n eq

uity

par

ticip

atio

n ca

n be

al

low

ed u

p to

100

per

cent

of p

aid-

up

capi

tal

3) N

one

41A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

4)

A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

6Sec

uriti

es c

ompa

nies

mea

n se

curit

ies

com

pani

es w

hich

are

not

com

mer

cial

ban

ks a

nd in

sura

nce

com

pani

es

10

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mo

de

s o

f Sllp

plL

1) G

ross-b()

rcj~

r su

pply

2)

Con

sulT

lptio

n ab

road

3)

Com

mer

cial

pre

senc

e 4)

P

rese

nce

of

natu

ral p

erso

ns

I S

ecto

rorS

ub

sect

or

Lim

itat

ion

son

Mar

ketA

cces

s L

imit

atio

nso

nN

atio

nal

Tre

atm

ent

Ad

dit

ion

alC

om

mit

men

ts

F

orA

sset

Ma

na

ge

me

nt

Com

pani

es

-m

utua

l fun

d m

an

ag

em

en

t -

priv

ate

fund

ma

na

ge

me

nt

I 1)

Un

bo

un

d

1)

Non

e

-de

riva

tives

fund

m

an

ag

em

en

t I 2

) N

on

e

2)

Non

e

-ve

ntur

e ca

pita

l man

agem

ent

Ass

et

ma

na

ge

me

nt

I 3)

Un

bo

un

d e

xcep

t

I F

or

repr

esen

tativ

e of

fices

n

on

e

II F

or

ass

et m

an

ag

em

en

t com

pani

es

fore

ign

equi

ty p

artic

ipat

ion

can

be

allo

we

d u

p to

100

per

cent

ofp

aid-

up

capi

tal

How

ever

du

ring

the

firs

t fiv

e

year

saft

er th

e lic

ense

has

bee

n gr

ante

d a

t le

ast 5

0 pe

rcen

t o

f th

e

paid

-up

capi

tal o

f th

ea

sse

t m

an

ag

em

en

t com

pany

mu

st b

e h

eld

by

finan

cial

inst

itutio

nses

tabl

ishe

d u

nd

er

Tha

i la

w7

3)

Non

e

For

Sec

uriti

es C

ompa

nies

tl

4A

s in

dic

ate

d in

the

hor

izon

tal s

ectio

n

4) A

s in

dica

ted

in t

he

hor

izon

tal s

ectio

n

Adv

isor

y I

nter

med

iatio

n an

d O

the

r Aux

iliar

y F

inan

cial

I 1

) U

nb

ou

nd

1)

N

one

Ser

vice

s

Inve

stm

en

t Adv

iSO

ry

I 2

No

ne

2)

N

one

7Fin

anci

al in

stitu

tions

esta

blis

hed

unde

r Tha

i law

s in

this

sec

tion

mea

n se

curit

ies

com

pani

es

com

mer

cial

ban

ks

life

insu

ranc

e co

mpa

nies

an

d sp

ecia

lized

fina

ncia

l in

stitu

tions

est

ablis

hed

unde

r spe

cific

law

s

11

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

pl

Sec

toro

rSu

bse

cto

r

1lGr

oss-

bltl

rd~r

sup

ply

2) C

onsu

mpt

ion

abro

ad

lim

itat

ion

son

Mar

ketA

cces

s

3) C

omm

erci

al p

rese

nce

4)

Pre

senc

e o

f nat

ural

per

sons

lim

itat

ion

son

Nat

ion

alT

reat

men

t A

dd

itio

nal

Co

mm

itm

en

ts

3)

Unb

ound

exc

ept

I F

or r

epre

sent

ativ

e of

fices

no

ne

3)

Non

e

II F

or s

ecur

ities

com

pani

es

a)

fore

ign

equi

ty p

artic

ipat

ion

can

be a

llow

ed u

p to

100

per

cent

o

f pai

d-up

cap

ital

b)

Lice

nse

may

be

gra

nted

to

finan

cial

inst

itutio

ns li

cens

ed

unde

r T

hai L

aws

and

a li

mite

d co

mpa

ny w

hich

is n

ewly

es

tabl

ishe

d

4)A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

4)

A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

Oth

er a

uxili

ary

finan

cial

se

rvic

es

Cre

dit c

ard

serv

ices

(C

PC

811

33)

(Mob

ilizi

ng f

unds

from

the

pu

blic

is p

rohi

bite

d u

nles

s lic

ense

d un

der

a fin

anci

al

law

)

1) N

one

2) N

one

3) a

) A

s in

dica

ted

in B

3)(

h)

abov

e

b)

Fin

anci

al in

stitu

tions

mus

t obt

ain

prio

r ap

prov

al f

rom

the

Ban

k of

T

haila

nd

1) N

one

2) N

one

3) N

o lim

itatio

n as

long

as

fore

ign

equi

ty

part

icip

atio

n do

es n

ot e

xcee

d 49

per

ce

nt

4) A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

4) N

one

12

--

TH

AIL

AN

D

S

CH

ED

ULE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IALS

ER

VIC

ES

UN

DE

RA

FA

S

-_ -

-__

__

--

-__

__ -_

--

--

_

_

_

_ _

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__

-_

_

-_

_

-__

_-

_

-_

--

_

_-_

_--__

--_

-

Se

cto

rorS

ub

sect

or

Lim

ita

tio

nso

nM

ark

etA

cce

ss

Lim

ita

tio

nso

nN

ati

on

alT

rea

tme

nt

Ad

dit

lon

alC

om

mlt

me

n

ts

Fin

anci

al c

onsu

ltanc

y se

rvic

es

(CP

C 8

1332

)

1) U

nbou

nd

2) N

one

3) N

one

othe

r th

an t

hat

indi

cate

d in

the

ho

rizon

tal s

ectio

n

4)

As

indi

cate

d in

the

hor

izon

tal s

ectio

n

1) N

one

2) N

one

3) N

o lim

itatio

n as

long

as

fore

ign

equi

ty

part

icip

atio

n do

es n

ot e

xcee

d 4

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e

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ME

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OR

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CIA

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ND

ER

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de

s o

f Sup

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nsu

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nce

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atu

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s

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cto

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nce

an

d

retr

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n

life

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ran

ce s

erv

ice

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PC

8

12

11

) 1)

No

ne

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on

e

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) F

ore

ign

eq

uity

pa

rtic

ipa

tion

lim

ited

to

2

5 p

er

cen

t o

f re

gis

tere

d s

ha

re

capi

tal

b) N

ew

est

ab

lish

me

nt

is s

ub

ject

to

lice

nce

ap

pro

ved

by

the

Min

iste

r with

th

e c

on

sen

t of t

he

Ca

bin

et

4) O

nly

se

nio

r m

an

ag

eri

al p

ers

on

ne

l sp

eci

alis

ts a

nd

te

chn

ica

l a

ssis

tan

ts w

ith

the

ap

pro

val o

f th

e I

nsu

ran

ce

Co

mm

issi

on

er

1) N

on

e

2)

life

insu

ran

ce p

rem

ium

is t

ax

de

du

ctib

le u

p to

a c

erta

in a

mo

un

t fo

r h

old

ers

of p

olic

ies

issu

ed

by

loca

l co

mp

an

ies

I 3)

No

ne

I 4)

No

ne

No

n-l

ife in

sura

nce

se

rvic

es

(CP

C 8

12

9)

1) U

nb

ou

nd

exc

ep

t fo

r in

tern

atio

na

l m

ari

ne

a

via

tion

an

d t

ran

sit

an

d a

ll cl

ass

es

of

rein

sura

nce

2)

No

ne

3) a

) F

ore

ign

eq

uity

pa

rtic

ipa

tion

lim

ited

to

2

5 p

erc

en

t of r

eg

iste

red

sh

are

ca

pita

l

1) U

nb

ou

nd

I 2)

No

ne

I 3)

No

ne

2

-1

TH

AIL

AN

D

SC

HE

DU

LEO

FS

PE

CIF

ICC

OM

MIT

ME

NT

SF

OR

FIN

AN

CIA

LSE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

1

Cro

ss-b

orde

r su

pply

2

) C

onsu

mpt

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abro

ad

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omm

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rese

nce

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Pre

senc

e o

f nat

ural

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sons

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cto

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ita

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itatio

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atio

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en

t I A

dd

itio

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mm

itme

n

ts

Ser

vice

s au

xilia

ry to

in

sura

nce

(exc

ludi

ng p

ensi

on

fund

ing

serv

ices

)

Insu

ranc

e br

okin

g an

d ag

ency

ser

vice

s (C

PC

814

01)(

Bro

kers

sha

ll n

ot i

nduc

e a

dvis

e o

r do

any

a

cts

so a

s to

cau

se a

ny

pers

on t

o en

ter

into

insu

ranc

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ntra

cts

with

ins

urer

s ab

road

ex

cept

for

rein

sura

nce

cont

ract

s)

Insu

ranc

e co

nsul

tanc

y se

rvic

es

(CP

C 8

1402

)

b)

New

est

ablis

hmen

t is

sub

ject

to

licen

se a

ppro

ved

by

the

Min

iste

r w

ith

the

cons

ent o

f the

Cab

inet

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nly

seni

or m

anag

eria

l per

sonn

el

spec

ialis

ts a

nd t

echn

ical

ass

ista

nts

with

th

e ap

prov

al o

f the

Ins

uran

ce

Com

mis

sion

er

1) U

nbou

nd

2) U

nbou

nd

3)

For

eign

equ

ity p

artic

ipat

ion

not

to

exce

ed 4

9 pe

r ce

nt

4) a

) O

nly

seni

or m

anag

eria

l per

sonn

el

spec

ialis

ts a

nd t

echn

ical

ass

ista

nts

with

the

app

rova

l of t

he I

nsur

ance

C

omm

issi

oner

b)

U

nbou

nd f

or in

divi

dual

bro

ker

and

agen

t

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one

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one

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one

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er t

han

that

indi

cate

d in

the

ho

rizo

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sec

tion

4 O

nly

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l per

sonn

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spec

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ts a

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th

e ap

prov

al o

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Ins

uran

ce

I 4)

Non

e

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nbou

nd

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nbou

nd

3) N

o lim

itatio

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ng a

s fo

reig

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rtic

ipat

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does

not

exc

eed

49

pe

r ce

nt

4) N

one

1) N

one

2) N

one

3) N

o lim

itatio

n as

long

as

fore

ign

equi

ty

part

icip

atio

n d

oe

s no

t exc

eed

49 p

er

cent

4) N

one

3

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

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ss-b

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pply

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Con

sum

ptio

n ab

road

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I

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cto

rorS

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sect

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itatio

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nM

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dit

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om

mit

me

n

ts

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one

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rvic

es(C

PC

814

03)

2)

Non

e

Ave

rage

and

loss

adj

ustm

ent

I 1)

Non

e

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Non

e

3) N

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er t

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indi

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3)

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limita

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ng a

s fo

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n eq

uity

th

ehor

izon

tal s

ectio

n

part

icip

atio

n d

oe

s no

texc

eed

49

pe

r ce

nt

4)N

one

pers

onne

lspe

cial

ists

and

tec

hnic

al

assi

stan

ts w

ith t

he a

ppro

val o

f the

In

sura

nce

Com

mis

sion

er

4) O

nly

seni

or m

anag

eria

l

~shy

1) N

one

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one

(C

PC

814

04)

2)

Non

e

Act

uaria

l ser

vice

s

2) N

one

3) N

one

oth

er

than

tha

t in

dica

ted

in

3) N

o lim

itatio

n a

s lo

ng a

s fo

reig

n eq

uity

th

ehor

izon

tal s

ectio

n

part

icip

atio

n d

oe

s no

t exc

eed

49

per

ce

nt

4)N

one

pers

onne

lspe

cial

ists

and

tec

hnic

al

assi

stan

ts w

ith t

he a

ppro

val o

f the

In

sura

nce

Com

mis

sion

er

4) O

nly

seni

or m

anag

eria

l

4

TH

AIL

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D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

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RV

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SU

ND

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AF

AS

Mod

es o

f Su

I

Cro

ss-b

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pply

~

Con

sum

ptio

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3)

Com

mer

cial

pre

senc

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P

rese

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of n~

tura

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rson

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B

Ban

kin

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nd

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Fin

anci

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erv

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ltat

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imit

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Tre

atm

ent

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Ad

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mit

men

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Acc

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epos

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paya

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om

the

publ

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Lend

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Fin

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Pay

men

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d m

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Tra

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orei

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ate

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Non

e fo

r fin

anci

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dvis

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ata

pro

cess

ing

Unb

ound

for

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er

serv

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r fin

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dvis

ory

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finan

cial

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ta p

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nbou

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or

all

oth

er

serv

ices

3) a

) R

epre

sent

ativ

e of

ficeo

f ban

ks N

one

I3)

a) R

epre

sent

ativ

e of

fice

ofba

nks

Non

e b)

For

eign

ban

k br

anch

es

I N

one

for

exis

ting

fore

ign

bank

br

anch

es u

nder

pre

sent

sh

areh

oldi

ng s

truc

ture

N

ew

es

tabl

ishm

ent

is s

ubje

ct to

lic

ence

app

rove

d by

the

Min

iste

r o

f Fin

ance

with

the

co

nsen

t of t

he C

abin

et

II

AT

M o

pera

tions

per

mitt

ed

un

de

r th

e fo

llow

ing

cond

ition

s on

ly

i) jo

inin

g A

TM

poo

lsop

erat

ed b

y T

hai b

anks

o

r ii)

ope

ratio

n w

ithin

ow

n pr

emis

es

or

shar

ing

the

faci

litie

s w

ith

oth

er

com

mer

cial

ban

ks in

T

haila

nd

b) F

orei

gn b

ank

bran

ches

Non

e e

xcep

t as

indi

cate

d in

the

m

arke

t acc

ess

colu

mn

1 Th

e co

mm

itmen

ts fo

r S

ecur

ities

Com

pani

es u

nder

this

sub

sect

or a

re s

epar

atel

y lis

ted

belo

w

5

TH

AIL

AN

D

SC

HE

DU

LEO

FS

PE

CIF

ICC

OM

MIT

ME

NT

SF

OR

FIN

AN

CIA

LSE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

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ss-b

orde

r su

pply

2)

Co

nsu

mp

tion

ab

roa

d

3) C

omm

erci

al p

rese

nce

4

) P

rese

nce

of

natu

ral p

ers

on

s

Se

cto

rorS

ub

sect

or

Lim

itatio

nso

nM

ark

etA

cce

ss

Lim

itatio

nso

nN

atio

na

lTre

atm

en

t A

dd

itio

na

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mm

itm

en

ts

(E)T

rans

fera

ble

secu

ritie

s

Par

ticip

atio

n in

iss

ues

of a

ll ki

nds

of s

ecur

ities

in

clud

ing

unde

r-w

ritin

g an

d p

lace

me

nt

as a

gent

(w

heth

er p

ublic

ly o

r pr

ivat

ely)

and

pro

visi

on o

f se

rvic

es r

elat

ed t

o s

uch

is

sues

2

III

Exi

stin

g fo

reig

n b

an

ks w

hich

al

read

y h

ad

th

e fi

rst

bran

ch o

ffic

e in

Th

aila

nd

pri

or

to J

uly

1995

will

ea

ch b

e p

erm

itte

d t

o o

pen

no

m

ore

than

tw

o a

dditi

onal

br

anch

es

IV N

on

e fo

r pa

rtic

ipat

ion

in c

hequ

e cl

eari

ng a

nd

se

ttle

me

nt s

yste

m

Ass

et m

an

ag

em

en

ea

s fo

llow

s

-ca

sh o

r po

rtfo

lio

man

agem

ent

-co

llect

ive

inve

stm

ent

man

agem

ent

-cu

stod

ian

and

depo

sito

ry s

erv

ice

s

Adv

isor

y i

nter

med

iatio

n a

nd

o

the

r au

xilia

ry f

inan

cial

se

rvic

es4

Pro

visi

on a

nd t

ran

sfe

r o

f fin

anci

al in

form

atio

n a

nd

fin

anci

al d

ata

pro

cess

ing

an

d

rela

ted

softw

are

c)

Loca

lly in

corp

ora

ted

ba

nks

I M

ark

et

acc

ess

lim

ited

to t

he

ac

quis

ition

of s

ha

res

of e

xist

ing

bank

s

II (

i) T

he

am

ou

nt o

f sha

res

held

by

pers

ons

of T

ha

i na

tiona

lity

shal

l n

ot b

e le

ss th

an

75

pe

rce

nt o

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e to

tal a

mo

un

t of v

otin

g sh

ares

sol

d C

om

bin

ed

sh

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ng o

f an

ind

ivid

ual

and

his

he

r re

late

d pe

rson

s sh

all

no

t e

xce

ed

10

pe

rce

nt o

f to

tal

nu

mb

er

of s

ha

res

sold

5

un

less

oth

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ise

per

mitt

ed b

y th

e B

an

k o

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iland

c)

Loca

lly in

corp

orat

ed b

an

ks

Non

e e

xce

pt a

s in

dica

ted

in t

he

m

ark

et a

cces

s co

lum

n

2 Th

e co

mm

itmen

ts fo

r S

ecur

ities

Com

pani

es u

nder

this

sub

sect

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re s

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atel

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w

3 Th

e co

mm

itmen

ts fo

r Ass

et M

anag

emen

t Com

pani

es u

nder

this

sub

sect

or a

re s

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atel

y lis

ted

belo

w

4 Th

e co

mm

itmen

ts o

n In

vest

men

t Adv

isor

y fo

r S

ecur

ities

Com

pani

es u

nder

this

sub

sect

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re s

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y lis

ted

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w

sro

tal n

umbe

r o

f sh

are

s so

ld i

nclu

de v

otin

g a

nd

no

n-v

otin

g s

ha

res

6

TH

AIL

AN

D

SC

HE

DU

LEO

FS

PE

CIF

ICC

OM

MIT

ME

NT

SF

OR

FIN

AN

CIA

LSE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

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Cro

ss-b

orde

r su

pply

2)

Con

sum

ptio

n ab

road

3)

Com

ll1er

cial

pre

senc

e 4)

P

rese

nce

of n

atur

al p~rsons

Se

cto

rorS

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sect

or

Lim

ita

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ita

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ati

on

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rea

tme

nt

Ad

dit

ion

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om

mit

me

n

ts

(ii)ln

the

ca

se w

here

the

Ban

k o

f T

haila

nd d

eem

s ap

prop

riate

th

e B

ank

of T

haila

nd m

ay g

rant

pe

rmis

sion

tha

t per

sons

of n

onshy

Tha

i na

tiona

lity

hold

sha

res

up

to 4

9 p

erce

nt o

f the

tot

al

amou

nt o

f vot

ing

shar

es s

old

(iii)

In t

he c

ase

whe

re it

is

nece

ssar

y to

rec

tify

the

oper

atio

n o

r to

str

engt

hen

the

stab

ility

of

any

loca

lly

inco

rpor

ated

ban

k o

r fo

r th

e pu

rpos

e o

f the

fina

ncia

l in

stitu

tions

sys

tem

sta

bilit

y t

he

Fin

ance

Min

iste

r with

the

re

com

men

datio

n o

f the

Ban

k o

f T

haila

nd s

hall

have

the

pow

er

to r

elax

the

req

uire

men

t o

f the

sh

areh

oldi

ng o

ther

than

tho

se

pres

crib

ed in

(c)

(

ii)

Suc

h eq

uity

par

ticip

atio

n w

ill b

e au

thor

ized

for

a p

erio

d o

f up

to

10 y

ears

w

ith fo

reig

n sh

areh

olde

rs w

ho e

nter

in t

his

perio

d be

ing

gran

dfat

here

d th

erea

fter

with

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pect

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e ab

solu

te a

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nt o

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ir eq

uity

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ldin

g

III

(i) A

t le

ast t

hree

-fou

rths

of t

he

dire

ctor

s m

ust b

e o

f Tha

i na

tiona

lity

(ii

) In

th

e c

ase

whe

re t

he B

ank

of

7

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

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IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

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Cro

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er

supp

ly

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mpt

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abro

ad

3) C

omm

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rese

nce

4)

Presenc~ o

f nat

ural

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on

s---_

_--

Sec

toro

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ess

Lim

itat

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Nat

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t A

dd

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nal

Co

mm

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en

ts

Tha

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de

em

s ap

prop

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e

Th

e B

ank

of T

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ay

perm

it a

prop

ortio

n o

f non

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i na

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dir

ect

ors

of m

ore

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-qua

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s b

ut s

hall

not

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h on

e h

alf

of t

he

tot

al

nu

mb

er

of d

irec

tors

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i) In

the

cas

e w

he

re it

is

nece

ssar

y to

rec

tify

the

op

erat

ion

or

to s

tren

gthe

n th

e st

abili

ty o

f an

y lo

cally

in

corp

orat

ed b

an

k o

r fo

r th

e pu

rpos

e o

f th

e fi

nanc

ial

inst

itutio

n sy

stem

sta

bilit

y t

he

Fin

ance

Min

iste

r w

ith t

he

re

com

men

datio

n o

f th

e B

ank

of

Tha

iland

sha

ll h

ave

th

e p

ower

to

rel

ax t

he

re

qu

ire

me

nt

of t

he

dire

ctor

ship

oth

er

than

tho

se

pres

crib

ed in

(c)

III

(ii)

abov

e

Suc

h re

laxa

tion

ma

y be

gr

ante

d w

ith r

ule

an

d t

ime

clau

se

d) F

inan

cial

leas

ing

serv

ice

s

Can

onl

y be

pro

vide

d by

lea

sing

co

mpa

nies

whi

ch a

re s

ub

ject

to

max

imum

for

eign

eq

uity

par

ticip

atio

n o

f 49

per

cent

of p

aid

-up

reg

iste

red

capi

tal

or

by f

inan

ce c

om

pa

nie

s w

hich

are

sub

ject

to

ma

xim

um

fo

reig

n eq

uity

par

ticip

atio

n o

f 25

per

ce

nt o

f pai

d-up

reg

iste

red

capi

tal

d) F

inan

cial

leas

ing

serv

ices

Non

e

8

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

orde

r su

pply

2)

Con

sum

ptio

n ab

road

3)

Com

mer

cial

pre

senc

e 4)

P

rese

nce

of n

atur

al p

erso

ns

Sec

toro

rSu

bse

cto

r L

imit

atio

nso

nM

arke

tAcc

ess

Lim

itat

ion

son

Nat

ion

alT

reat

men

t A

dd

itio

nal

Co

mm

itm

en

ts

e) F

acto

ring

serv

ices

e)

Fac

torin

g se

rvic

es

Can

onl

y b

e pr

ovid

ed b

y fa

ctor

ing

com

pani

es w

hich

are

sub

ject

to

max

imum

for

eign

equ

ity p

artic

ipat

ion

of 4

9 pe

r cen

t of

pai

d-up

reg

iste

red

capi

tal

or

by fi

nanc

e co

mpa

nies

w

hich

are

sub

ject

to m

axim

um

fore

ign

equi

ty p

artic

ipat

ion

of 2

5 pe

r ce

nt o

f pai

d-up

reg

iste

red

capi

tal

Non

e

f)

Cre

dit

char

ge a

nd d

ebit

card

s f)

Cre

dit

char

ge a

nd d

ebit

card

s

Cre

dit

char

ge a

nd d

ebit

card

s ca

n on

ly b

e pr

ovid

ed b

y co

mpa

nies

w

hich

are

sub

ject

to

max

imum

fo

reig

n eq

uity

par

ticip

atio

n o

f 49

perc

ent

of p

aid-

up r

egis

tere

d ca

pita

l or

loca

lly in

corp

orat

ed b

an

ks a

nd

fore

ign

bank

bra

nche

s

Non

e

The

con

duct

of b

usin

esse

s un

der

d)

e) a

nd f)

will

be

subj

ect t

o lic

enS

ing

and

regu

latio

ns t

o b

e an

noun

ced

4)

For

ban

ks

repr

esen

tativ

e of

fices

and

fin

ance

com

pani

es

no q

uant

itativ

e lim

it ap

plie

s fo

r A

SE

AN

nat

iona

ls

App

rova

l sha

ll be

gra

nted

bas

ed o

n fo

reig

n se

rvic

es p

rovi

ders

bus

ines

s pl

ans

and

need

s

I 4)

Non

e

9

I

TH

AIL

AN

D

SC

HE

DU

LEO

FS

PE

CIF

ICC

OM

MIT

ME

NT

SF

OR

FIN

AN

CIA

LSE

RV

ICE

SU

NO

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

orde

r su

pply

2)

Con

sum

ptio

n ab

road

3)

Com

mer

cial

pre

senc

e 4)

P

rese

nce

of

natu

ral p

erso

ns

ii

Se

cto

rorS

ub

sect

or

Li m

itatio

nso

nM

ark

etA

cce

ss i

Lim

itatio

nso

nN

atio

na

lTre

atm

en

t A

dd

itio

na

lCo

mm

itm

en

ts

For

Sec

uriti

es C

ompa

nies

5

-se

curit

ies

brok

erag

e an

d de

alin

g -

deriv

ativ

es b

roke

rage

and

de

alin

g -

secu

ritie

s bo

rrow

ing

and

lend

ing

Tra

ding

for

ow

n ac

coun

t o

r fo

r ac

coun

t of c

usto

mer

s in

th

e fo

llow

ing

(C

) de

rivat

ive

prod

ucts

inc

l

but n

ot li

mite

d to

fu

ture

s an

d op

tions

(E

) tr

ansf

erab

le s

ecur

ities

1)

Unb

ound

2)

Non

e

3)

Unb

ound

exc

ept

I F

or r

epre

sent

ativ

e of

fices

no

ne

II F

or li

cens

ed s

ecur

ities

com

pany

fo

reig

n eq

uity

par

ticip

atio

n ca

n b

e

allo

wed

up

to 1

00 p

erce

nt o

fpai

d-up

ca

pita

l

4)

As

indi

cate

d in

the

hor

izon

tal s

ectio

n

1)

Non

e

2) N

one

3) N

one

4) A

s in

dica

ted

in t

he

hor

izon

tal s

ectio

n

For

Sec

uriti

es C

ompa

nies

tl

Sec

uriti

es U

nder

writ

ing

I 1)

Unb

ound

1)

N

one

Par

ticip

atio

n in

iss

ues

of a

ll ki

nds

of s

ecur

ities

in

clud

ing

I 2)

Non

e 2)

Non

e

unde

rwrit

ing

and

plac

emen

t as

age

nts

(whe

ther

pub

licly

or

priv

atel

y) a

nd p

rovi

sion

of

serv

ices

rel

ated

to

suc

h is

sues

I 3)

Unb

ound

exc

ept

I I

For

rep

rese

ntat

ive

offic

es

none

II F

or li

cens

ed s

ecur

ities

com

pany

fo

reig

n eq

uity

par

ticip

atio

n ca

n be

al

low

ed u

p to

100

per

cent

of p

aid-

up

capi

tal

3) N

one

41A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

4)

A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

6Sec

uriti

es c

ompa

nies

mea

n se

curit

ies

com

pani

es w

hich

are

not

com

mer

cial

ban

ks a

nd in

sura

nce

com

pani

es

10

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mo

de

s o

f Sllp

plL

1) G

ross-b()

rcj~

r su

pply

2)

Con

sulT

lptio

n ab

road

3)

Com

mer

cial

pre

senc

e 4)

P

rese

nce

of

natu

ral p

erso

ns

I S

ecto

rorS

ub

sect

or

Lim

itat

ion

son

Mar

ketA

cces

s L

imit

atio

nso

nN

atio

nal

Tre

atm

ent

Ad

dit

ion

alC

om

mit

men

ts

F

orA

sset

Ma

na

ge

me

nt

Com

pani

es

-m

utua

l fun

d m

an

ag

em

en

t -

priv

ate

fund

ma

na

ge

me

nt

I 1)

Un

bo

un

d

1)

Non

e

-de

riva

tives

fund

m

an

ag

em

en

t I 2

) N

on

e

2)

Non

e

-ve

ntur

e ca

pita

l man

agem

ent

Ass

et

ma

na

ge

me

nt

I 3)

Un

bo

un

d e

xcep

t

I F

or

repr

esen

tativ

e of

fices

n

on

e

II F

or

ass

et m

an

ag

em

en

t com

pani

es

fore

ign

equi

ty p

artic

ipat

ion

can

be

allo

we

d u

p to

100

per

cent

ofp

aid-

up

capi

tal

How

ever

du

ring

the

firs

t fiv

e

year

saft

er th

e lic

ense

has

bee

n gr

ante

d a

t le

ast 5

0 pe

rcen

t o

f th

e

paid

-up

capi

tal o

f th

ea

sse

t m

an

ag

em

en

t com

pany

mu

st b

e h

eld

by

finan

cial

inst

itutio

nses

tabl

ishe

d u

nd

er

Tha

i la

w7

3)

Non

e

For

Sec

uriti

es C

ompa

nies

tl

4A

s in

dic

ate

d in

the

hor

izon

tal s

ectio

n

4) A

s in

dica

ted

in t

he

hor

izon

tal s

ectio

n

Adv

isor

y I

nter

med

iatio

n an

d O

the

r Aux

iliar

y F

inan

cial

I 1

) U

nb

ou

nd

1)

N

one

Ser

vice

s

Inve

stm

en

t Adv

iSO

ry

I 2

No

ne

2)

N

one

7Fin

anci

al in

stitu

tions

esta

blis

hed

unde

r Tha

i law

s in

this

sec

tion

mea

n se

curit

ies

com

pani

es

com

mer

cial

ban

ks

life

insu

ranc

e co

mpa

nies

an

d sp

ecia

lized

fina

ncia

l in

stitu

tions

est

ablis

hed

unde

r spe

cific

law

s

11

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

pl

Sec

toro

rSu

bse

cto

r

1lGr

oss-

bltl

rd~r

sup

ply

2) C

onsu

mpt

ion

abro

ad

lim

itat

ion

son

Mar

ketA

cces

s

3) C

omm

erci

al p

rese

nce

4)

Pre

senc

e o

f nat

ural

per

sons

lim

itat

ion

son

Nat

ion

alT

reat

men

t A

dd

itio

nal

Co

mm

itm

en

ts

3)

Unb

ound

exc

ept

I F

or r

epre

sent

ativ

e of

fices

no

ne

3)

Non

e

II F

or s

ecur

ities

com

pani

es

a)

fore

ign

equi

ty p

artic

ipat

ion

can

be a

llow

ed u

p to

100

per

cent

o

f pai

d-up

cap

ital

b)

Lice

nse

may

be

gra

nted

to

finan

cial

inst

itutio

ns li

cens

ed

unde

r T

hai L

aws

and

a li

mite

d co

mpa

ny w

hich

is n

ewly

es

tabl

ishe

d

4)A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

4)

A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

Oth

er a

uxili

ary

finan

cial

se

rvic

es

Cre

dit c

ard

serv

ices

(C

PC

811

33)

(Mob

ilizi

ng f

unds

from

the

pu

blic

is p

rohi

bite

d u

nles

s lic

ense

d un

der

a fin

anci

al

law

)

1) N

one

2) N

one

3) a

) A

s in

dica

ted

in B

3)(

h)

abov

e

b)

Fin

anci

al in

stitu

tions

mus

t obt

ain

prio

r ap

prov

al f

rom

the

Ban

k of

T

haila

nd

1) N

one

2) N

one

3) N

o lim

itatio

n as

long

as

fore

ign

equi

ty

part

icip

atio

n do

es n

ot e

xcee

d 49

per

ce

nt

4) A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

4) N

one

12

--

TH

AIL

AN

D

S

CH

ED

ULE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IALS

ER

VIC

ES

UN

DE

RA

FA

S

-_ -

-__

__

--

-__

__ -_

--

--

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_

_

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-_

_

-_

_

-__

_-

_

-_

--

_

_-_

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--_

-

Se

cto

rorS

ub

sect

or

Lim

ita

tio

nso

nM

ark

etA

cce

ss

Lim

ita

tio

nso

nN

ati

on

alT

rea

tme

nt

Ad

dit

lon

alC

om

mlt

me

n

ts

Fin

anci

al c

onsu

ltanc

y se

rvic

es

(CP

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1) U

nbou

nd

2) N

one

3) N

one

othe

r th

an t

hat

indi

cate

d in

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ho

rizon

tal s

ectio

n

4)

As

indi

cate

d in

the

hor

izon

tal s

ectio

n

1) N

one

2) N

one

3) N

o lim

itatio

n as

long

as

fore

ign

equi

ty

part

icip

atio

n do

es n

ot e

xcee

d 4

9 p

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presell~e (

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ita

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an

d

retr

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ssio

n

life

insu

ran

ce s

erv

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s(C

PC

8

12

11

) 1)

No

ne

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on

e

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ore

ign

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est

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me

nt

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nce

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pro

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th

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on

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t of t

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bin

et

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nly

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nio

r m

an

ag

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on

ne

l sp

eci

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ts a

nd

te

chn

ica

l a

ssis

tan

ts w

ith

the

ap

pro

val o

f th

e I

nsu

ran

ce

Co

mm

issi

on

er

1) N

on

e

2)

life

insu

ran

ce p

rem

ium

is t

ax

de

du

ctib

le u

p to

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erta

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mo

un

t fo

r h

old

ers

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olic

ies

issu

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by

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l co

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I 3)

No

ne

I 4)

No

ne

No

n-l

ife in

sura

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rvic

es

(CP

C 8

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9)

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ou

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ep

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tern

atio

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ari

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a

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tion

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sit

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es

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nce

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rtic

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are

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I 2)

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ne

2

-1

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AIL

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D

SC

HE

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ND

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AS

Mod

es o

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ply

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Cro

ss-b

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) C

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cto

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ita

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Ser

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Insu

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Bro

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est

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ppro

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prov

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mis

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nbou

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nbou

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eign

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9 pe

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4) a

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spec

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4 O

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does

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exc

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49

pe

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4) N

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3) N

o lim

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long

as

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equi

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49 p

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4) N

one

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TH

AIL

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MM

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RF

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ND

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Mod

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sum

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rvic

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e

Ave

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loss

adj

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I 1)

Non

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3) N

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pe

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4)N

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mis

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nly

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e

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uaria

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vice

s

2) N

one

3) N

one

oth

er

than

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t in

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in

3) N

o lim

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s fo

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49

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4)N

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In

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AIL

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Mod

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I

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sum

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or

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serv

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) R

epre

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ativ

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ficeo

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ks N

one

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a) R

epre

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ativ

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fice

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nks

Non

e b)

For

eign

ban

k br

anch

es

I N

one

for

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ting

fore

ign

bank

br

anch

es u

nder

pre

sent

sh

areh

oldi

ng s

truc

ture

N

ew

es

tabl

ishm

ent

is s

ubje

ct to

lic

ence

app

rove

d by

the

Min

iste

r o

f Fin

ance

with

the

co

nsen

t of t

he C

abin

et

II

AT

M o

pera

tions

per

mitt

ed

un

de

r th

e fo

llow

ing

cond

ition

s on

ly

i) jo

inin

g A

TM

poo

lsop

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ed b

y T

hai b

anks

o

r ii)

ope

ratio

n w

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ow

n pr

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shar

ing

the

faci

litie

s w

ith

oth

er

com

mer

cial

ban

ks in

T

haila

nd

b) F

orei

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ank

bran

ches

Non

e e

xcep

t as

indi

cate

d in

the

m

arke

t acc

ess

colu

mn

1 Th

e co

mm

itmen

ts fo

r S

ecur

ities

Com

pani

es u

nder

this

sub

sect

or a

re s

epar

atel

y lis

ted

belo

w

5

TH

AIL

AN

D

SC

HE

DU

LEO

FS

PE

CIF

ICC

OM

MIT

ME

NT

SF

OR

FIN

AN

CIA

LSE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

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ss-b

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r su

pply

2)

Co

nsu

mp

tion

ab

roa

d

3) C

omm

erci

al p

rese

nce

4

) P

rese

nce

of

natu

ral p

ers

on

s

Se

cto

rorS

ub

sect

or

Lim

itatio

nso

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etA

cce

ss

Lim

itatio

nso

nN

atio

na

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atm

en

t A

dd

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na

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mm

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ts

(E)T

rans

fera

ble

secu

ritie

s

Par

ticip

atio

n in

iss

ues

of a

ll ki

nds

of s

ecur

ities

in

clud

ing

unde

r-w

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g an

d p

lace

me

nt

as a

gent

(w

heth

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ublic

ly o

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ivat

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pro

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rvic

es r

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ed t

o s

uch

is

sues

2

III

Exi

stin

g fo

reig

n b

an

ks w

hich

al

read

y h

ad

th

e fi

rst

bran

ch o

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e in

Th

aila

nd

pri

or

to J

uly

1995

will

ea

ch b

e p

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d t

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no

m

ore

than

tw

o a

dditi

onal

br

anch

es

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on

e fo

r pa

rtic

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ion

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ng a

nd

se

ttle

me

nt s

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m

Ass

et m

an

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en

ea

s fo

llow

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sh o

r po

rtfo

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man

agem

ent

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llect

ive

inve

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ent

man

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ent

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ian

and

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sito

ry s

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s

Adv

isor

y i

nter

med

iatio

n a

nd

o

the

r au

xilia

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inan

cial

se

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es4

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on a

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ran

sfe

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f fin

anci

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form

atio

n a

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fin

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ata

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an

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acc

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lim

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to t

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ac

quis

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ha

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of e

xist

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i) T

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nt o

f sha

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by

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ons

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l n

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an

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sh

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and

his

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all

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10

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f to

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mb

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sold

5

un

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per

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e B

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k o

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2 Th

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Com

pani

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3 Th

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Com

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sro

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are

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TH

AIL

AN

D

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FS

PE

CIF

ICC

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ME

NT

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OR

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CIA

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RV

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ND

ER

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Mod

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pply

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sum

ptio

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Com

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the

Ban

k o

f T

haila

nd d

eem

s ap

prop

riate

th

e B

ank

of T

haila

nd m

ay g

rant

pe

rmis

sion

tha

t per

sons

of n

onshy

Tha

i na

tiona

lity

hold

sha

res

up

to 4

9 p

erce

nt o

f the

tot

al

amou

nt o

f vot

ing

shar

es s

old

(iii)

In t

he c

ase

whe

re it

is

nece

ssar

y to

rec

tify

the

oper

atio

n o

r to

str

engt

hen

the

stab

ility

of

any

loca

lly

inco

rpor

ated

ban

k o

r fo

r th

e pu

rpos

e o

f the

fina

ncia

l in

stitu

tions

sys

tem

sta

bilit

y t

he

Fin

ance

Min

iste

r with

the

re

com

men

datio

n o

f the

Ban

k o

f T

haila

nd s

hall

have

the

pow

er

to r

elax

the

req

uire

men

t o

f the

sh

areh

oldi

ng o

ther

than

tho

se

pres

crib

ed in

(c)

(

ii)

Suc

h eq

uity

par

ticip

atio

n w

ill b

e au

thor

ized

for

a p

erio

d o

f up

to

10 y

ears

w

ith fo

reig

n sh

areh

olde

rs w

ho e

nter

in t

his

perio

d be

ing

gran

dfat

here

d th

erea

fter

with

res

pect

to th

e ab

solu

te a

mou

nt o

f the

ir eq

uity

ho

ldin

g

III

(i) A

t le

ast t

hree

-fou

rths

of t

he

dire

ctor

s m

ust b

e o

f Tha

i na

tiona

lity

(ii

) In

th

e c

ase

whe

re t

he B

ank

of

7

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

ord

er

supp

ly

2) C

onsu

mpt

ion

abro

ad

3) C

omm

erci

al p

rese

nce

4)

Presenc~ o

f nat

ural

-pe=

-r-s

on

s---_

_--

Sec

toro

rSu

bse

cto

r L

imit

atio

nso

nM

arke

tAcc

ess

Lim

itat

ion

son

Nat

ion

alT

reat

men

t A

dd

itio

nal

Co

mm

itm

en

ts

Tha

iland

de

em

s ap

prop

riat

e

Th

e B

ank

of T

haila

nd m

ay

perm

it a

prop

ortio

n o

f non

-Tha

i na

tiona

lity

dir

ect

ors

of m

ore

than

one

-qua

rter

s b

ut s

hall

not

reac

h on

e h

alf

of t

he

tot

al

nu

mb

er

of d

irec

tors

(ii

i) In

the

cas

e w

he

re it

is

nece

ssar

y to

rec

tify

the

op

erat

ion

or

to s

tren

gthe

n th

e st

abili

ty o

f an

y lo

cally

in

corp

orat

ed b

an

k o

r fo

r th

e pu

rpos

e o

f th

e fi

nanc

ial

inst

itutio

n sy

stem

sta

bilit

y t

he

Fin

ance

Min

iste

r w

ith t

he

re

com

men

datio

n o

f th

e B

ank

of

Tha

iland

sha

ll h

ave

th

e p

ower

to

rel

ax t

he

re

qu

ire

me

nt

of t

he

dire

ctor

ship

oth

er

than

tho

se

pres

crib

ed in

(c)

III

(ii)

abov

e

Suc

h re

laxa

tion

ma

y be

gr

ante

d w

ith r

ule

an

d t

ime

clau

se

d) F

inan

cial

leas

ing

serv

ice

s

Can

onl

y be

pro

vide

d by

lea

sing

co

mpa

nies

whi

ch a

re s

ub

ject

to

max

imum

for

eign

eq

uity

par

ticip

atio

n o

f 49

per

cent

of p

aid

-up

reg

iste

red

capi

tal

or

by f

inan

ce c

om

pa

nie

s w

hich

are

sub

ject

to

ma

xim

um

fo

reig

n eq

uity

par

ticip

atio

n o

f 25

per

ce

nt o

f pai

d-up

reg

iste

red

capi

tal

d) F

inan

cial

leas

ing

serv

ices

Non

e

8

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

orde

r su

pply

2)

Con

sum

ptio

n ab

road

3)

Com

mer

cial

pre

senc

e 4)

P

rese

nce

of n

atur

al p

erso

ns

Sec

toro

rSu

bse

cto

r L

imit

atio

nso

nM

arke

tAcc

ess

Lim

itat

ion

son

Nat

ion

alT

reat

men

t A

dd

itio

nal

Co

mm

itm

en

ts

e) F

acto

ring

serv

ices

e)

Fac

torin

g se

rvic

es

Can

onl

y b

e pr

ovid

ed b

y fa

ctor

ing

com

pani

es w

hich

are

sub

ject

to

max

imum

for

eign

equ

ity p

artic

ipat

ion

of 4

9 pe

r cen

t of

pai

d-up

reg

iste

red

capi

tal

or

by fi

nanc

e co

mpa

nies

w

hich

are

sub

ject

to m

axim

um

fore

ign

equi

ty p

artic

ipat

ion

of 2

5 pe

r ce

nt o

f pai

d-up

reg

iste

red

capi

tal

Non

e

f)

Cre

dit

char

ge a

nd d

ebit

card

s f)

Cre

dit

char

ge a

nd d

ebit

card

s

Cre

dit

char

ge a

nd d

ebit

card

s ca

n on

ly b

e pr

ovid

ed b

y co

mpa

nies

w

hich

are

sub

ject

to

max

imum

fo

reig

n eq

uity

par

ticip

atio

n o

f 49

perc

ent

of p

aid-

up r

egis

tere

d ca

pita

l or

loca

lly in

corp

orat

ed b

an

ks a

nd

fore

ign

bank

bra

nche

s

Non

e

The

con

duct

of b

usin

esse

s un

der

d)

e) a

nd f)

will

be

subj

ect t

o lic

enS

ing

and

regu

latio

ns t

o b

e an

noun

ced

4)

For

ban

ks

repr

esen

tativ

e of

fices

and

fin

ance

com

pani

es

no q

uant

itativ

e lim

it ap

plie

s fo

r A

SE

AN

nat

iona

ls

App

rova

l sha

ll be

gra

nted

bas

ed o

n fo

reig

n se

rvic

es p

rovi

ders

bus

ines

s pl

ans

and

need

s

I 4)

Non

e

9

I

TH

AIL

AN

D

SC

HE

DU

LEO

FS

PE

CIF

ICC

OM

MIT

ME

NT

SF

OR

FIN

AN

CIA

LSE

RV

ICE

SU

NO

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

orde

r su

pply

2)

Con

sum

ptio

n ab

road

3)

Com

mer

cial

pre

senc

e 4)

P

rese

nce

of

natu

ral p

erso

ns

ii

Se

cto

rorS

ub

sect

or

Li m

itatio

nso

nM

ark

etA

cce

ss i

Lim

itatio

nso

nN

atio

na

lTre

atm

en

t A

dd

itio

na

lCo

mm

itm

en

ts

For

Sec

uriti

es C

ompa

nies

5

-se

curit

ies

brok

erag

e an

d de

alin

g -

deriv

ativ

es b

roke

rage

and

de

alin

g -

secu

ritie

s bo

rrow

ing

and

lend

ing

Tra

ding

for

ow

n ac

coun

t o

r fo

r ac

coun

t of c

usto

mer

s in

th

e fo

llow

ing

(C

) de

rivat

ive

prod

ucts

inc

l

but n

ot li

mite

d to

fu

ture

s an

d op

tions

(E

) tr

ansf

erab

le s

ecur

ities

1)

Unb

ound

2)

Non

e

3)

Unb

ound

exc

ept

I F

or r

epre

sent

ativ

e of

fices

no

ne

II F

or li

cens

ed s

ecur

ities

com

pany

fo

reig

n eq

uity

par

ticip

atio

n ca

n b

e

allo

wed

up

to 1

00 p

erce

nt o

fpai

d-up

ca

pita

l

4)

As

indi

cate

d in

the

hor

izon

tal s

ectio

n

1)

Non

e

2) N

one

3) N

one

4) A

s in

dica

ted

in t

he

hor

izon

tal s

ectio

n

For

Sec

uriti

es C

ompa

nies

tl

Sec

uriti

es U

nder

writ

ing

I 1)

Unb

ound

1)

N

one

Par

ticip

atio

n in

iss

ues

of a

ll ki

nds

of s

ecur

ities

in

clud

ing

I 2)

Non

e 2)

Non

e

unde

rwrit

ing

and

plac

emen

t as

age

nts

(whe

ther

pub

licly

or

priv

atel

y) a

nd p

rovi

sion

of

serv

ices

rel

ated

to

suc

h is

sues

I 3)

Unb

ound

exc

ept

I I

For

rep

rese

ntat

ive

offic

es

none

II F

or li

cens

ed s

ecur

ities

com

pany

fo

reig

n eq

uity

par

ticip

atio

n ca

n be

al

low

ed u

p to

100

per

cent

of p

aid-

up

capi

tal

3) N

one

41A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

4)

A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

6Sec

uriti

es c

ompa

nies

mea

n se

curit

ies

com

pani

es w

hich

are

not

com

mer

cial

ban

ks a

nd in

sura

nce

com

pani

es

10

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mo

de

s o

f Sllp

plL

1) G

ross-b()

rcj~

r su

pply

2)

Con

sulT

lptio

n ab

road

3)

Com

mer

cial

pre

senc

e 4)

P

rese

nce

of

natu

ral p

erso

ns

I S

ecto

rorS

ub

sect

or

Lim

itat

ion

son

Mar

ketA

cces

s L

imit

atio

nso

nN

atio

nal

Tre

atm

ent

Ad

dit

ion

alC

om

mit

men

ts

F

orA

sset

Ma

na

ge

me

nt

Com

pani

es

-m

utua

l fun

d m

an

ag

em

en

t -

priv

ate

fund

ma

na

ge

me

nt

I 1)

Un

bo

un

d

1)

Non

e

-de

riva

tives

fund

m

an

ag

em

en

t I 2

) N

on

e

2)

Non

e

-ve

ntur

e ca

pita

l man

agem

ent

Ass

et

ma

na

ge

me

nt

I 3)

Un

bo

un

d e

xcep

t

I F

or

repr

esen

tativ

e of

fices

n

on

e

II F

or

ass

et m

an

ag

em

en

t com

pani

es

fore

ign

equi

ty p

artic

ipat

ion

can

be

allo

we

d u

p to

100

per

cent

ofp

aid-

up

capi

tal

How

ever

du

ring

the

firs

t fiv

e

year

saft

er th

e lic

ense

has

bee

n gr

ante

d a

t le

ast 5

0 pe

rcen

t o

f th

e

paid

-up

capi

tal o

f th

ea

sse

t m

an

ag

em

en

t com

pany

mu

st b

e h

eld

by

finan

cial

inst

itutio

nses

tabl

ishe

d u

nd

er

Tha

i la

w7

3)

Non

e

For

Sec

uriti

es C

ompa

nies

tl

4A

s in

dic

ate

d in

the

hor

izon

tal s

ectio

n

4) A

s in

dica

ted

in t

he

hor

izon

tal s

ectio

n

Adv

isor

y I

nter

med

iatio

n an

d O

the

r Aux

iliar

y F

inan

cial

I 1

) U

nb

ou

nd

1)

N

one

Ser

vice

s

Inve

stm

en

t Adv

iSO

ry

I 2

No

ne

2)

N

one

7Fin

anci

al in

stitu

tions

esta

blis

hed

unde

r Tha

i law

s in

this

sec

tion

mea

n se

curit

ies

com

pani

es

com

mer

cial

ban

ks

life

insu

ranc

e co

mpa

nies

an

d sp

ecia

lized

fina

ncia

l in

stitu

tions

est

ablis

hed

unde

r spe

cific

law

s

11

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

pl

Sec

toro

rSu

bse

cto

r

1lGr

oss-

bltl

rd~r

sup

ply

2) C

onsu

mpt

ion

abro

ad

lim

itat

ion

son

Mar

ketA

cces

s

3) C

omm

erci

al p

rese

nce

4)

Pre

senc

e o

f nat

ural

per

sons

lim

itat

ion

son

Nat

ion

alT

reat

men

t A

dd

itio

nal

Co

mm

itm

en

ts

3)

Unb

ound

exc

ept

I F

or r

epre

sent

ativ

e of

fices

no

ne

3)

Non

e

II F

or s

ecur

ities

com

pani

es

a)

fore

ign

equi

ty p

artic

ipat

ion

can

be a

llow

ed u

p to

100

per

cent

o

f pai

d-up

cap

ital

b)

Lice

nse

may

be

gra

nted

to

finan

cial

inst

itutio

ns li

cens

ed

unde

r T

hai L

aws

and

a li

mite

d co

mpa

ny w

hich

is n

ewly

es

tabl

ishe

d

4)A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

4)

A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

Oth

er a

uxili

ary

finan

cial

se

rvic

es

Cre

dit c

ard

serv

ices

(C

PC

811

33)

(Mob

ilizi

ng f

unds

from

the

pu

blic

is p

rohi

bite

d u

nles

s lic

ense

d un

der

a fin

anci

al

law

)

1) N

one

2) N

one

3) a

) A

s in

dica

ted

in B

3)(

h)

abov

e

b)

Fin

anci

al in

stitu

tions

mus

t obt

ain

prio

r ap

prov

al f

rom

the

Ban

k of

T

haila

nd

1) N

one

2) N

one

3) N

o lim

itatio

n as

long

as

fore

ign

equi

ty

part

icip

atio

n do

es n

ot e

xcee

d 49

per

ce

nt

4) A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

4) N

one

12

--

TH

AIL

AN

D

S

CH

ED

ULE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IALS

ER

VIC

ES

UN

DE

RA

FA

S

-_ -

-__

__

--

-__

__ -_

--

--

_

_

_

_ _

_---

__

-_

_

-_

_

-__

_-

_

-_

--

_

_-_

_--__

--_

-

Se

cto

rorS

ub

sect

or

Lim

ita

tio

nso

nM

ark

etA

cce

ss

Lim

ita

tio

nso

nN

ati

on

alT

rea

tme

nt

Ad

dit

lon

alC

om

mlt

me

n

ts

Fin

anci

al c

onsu

ltanc

y se

rvic

es

(CP

C 8

1332

)

1) U

nbou

nd

2) N

one

3) N

one

othe

r th

an t

hat

indi

cate

d in

the

ho

rizon

tal s

ectio

n

4)

As

indi

cate

d in

the

hor

izon

tal s

ectio

n

1) N

one

2) N

one

3) N

o lim

itatio

n as

long

as

fore

ign

equi

ty

part

icip

atio

n do

es n

ot e

xcee

d 4

9 p

er

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4)

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e

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ap

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mm

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life

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ax

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-1

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AIL

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ND

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) C

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est

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ppro

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pe

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Mod

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3) N

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3)

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as lo

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pe

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pers

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4) O

nly

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e

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s

2) N

one

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t in

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in

3) N

o lim

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s fo

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n eq

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ehor

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tal s

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t exc

eed

49

per

ce

nt

4)N

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AIL

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Mod

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ban

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for

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ting

fore

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pre

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areh

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ture

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tabl

ishm

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ubje

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ence

app

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the

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iste

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f Fin

ance

with

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co

nsen

t of t

he C

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et

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per

mitt

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un

de

r th

e fo

llow

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cond

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ts fo

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Com

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nder

this

sub

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or a

re s

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atel

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5

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AIL

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D

SC

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LEO

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PE

CIF

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Mod

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Par

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ll ki

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Exi

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an

ks w

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th

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rst

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or

to J

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1995

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ea

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e p

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tw

o a

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ipat

ion

in c

hequ

e cl

eari

ng a

nd

se

ttle

me

nt s

yste

m

Ass

et m

an

ag

em

en

ea

s fo

llow

s

-ca

sh o

r po

rtfo

lio

man

agem

ent

-co

llect

ive

inve

stm

ent

man

agem

ent

-cu

stod

ian

and

depo

sito

ry s

erv

ice

s

Adv

isor

y i

nter

med

iatio

n a

nd

o

the

r au

xilia

ry f

inan

cial

se

rvic

es4

Pro

visi

on a

nd t

ran

sfe

r o

f fin

anci

al in

form

atio

n a

nd

fin

anci

al d

ata

pro

cess

ing

an

d

rela

ted

softw

are

c)

Loca

lly in

corp

ora

ted

ba

nks

I M

ark

et

acc

ess

lim

ited

to t

he

ac

quis

ition

of s

ha

res

of e

xist

ing

bank

s

II (

i) T

he

am

ou

nt o

f sha

res

held

by

pers

ons

of T

ha

i na

tiona

lity

shal

l n

ot b

e le

ss th

an

75

pe

rce

nt o

f th

e to

tal a

mo

un

t of v

otin

g sh

ares

sol

d C

om

bin

ed

sh

areh

oldi

ng o

f an

ind

ivid

ual

and

his

he

r re

late

d pe

rson

s sh

all

no

t e

xce

ed

10

pe

rce

nt o

f to

tal

nu

mb

er

of s

ha

res

sold

5

un

less

oth

erw

ise

per

mitt

ed b

y th

e B

an

k o

f Tha

iland

c)

Loca

lly in

corp

orat

ed b

an

ks

Non

e e

xce

pt a

s in

dica

ted

in t

he

m

ark

et a

cces

s co

lum

n

2 Th

e co

mm

itmen

ts fo

r S

ecur

ities

Com

pani

es u

nder

this

sub

sect

or a

re s

epar

atel

y lis

ted

belo

w

3 Th

e co

mm

itmen

ts fo

r Ass

et M

anag

emen

t Com

pani

es u

nder

this

sub

sect

or a

re s

epar

atel

y lis

ted

belo

w

4 Th

e co

mm

itmen

ts o

n In

vest

men

t Adv

isor

y fo

r S

ecur

ities

Com

pani

es u

nder

this

sub

sect

or a

re s

epar

atel

y lis

ted

belo

w

sro

tal n

umbe

r o

f sh

are

s so

ld i

nclu

de v

otin

g a

nd

no

n-v

otin

g s

ha

res

6

TH

AIL

AN

D

SC

HE

DU

LEO

FS

PE

CIF

ICC

OM

MIT

ME

NT

SF

OR

FIN

AN

CIA

LSE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

orde

r su

pply

2)

Con

sum

ptio

n ab

road

3)

Com

ll1er

cial

pre

senc

e 4)

P

rese

nce

of n

atur

al p~rsons

Se

cto

rorS

ub

sect

or

Lim

ita

tio

nso

nM

ark

etA

cce

ss

Lim

ita

tio

nso

nN

ati

on

alT

rea

tme

nt

Ad

dit

ion

alC

om

mit

me

n

ts

(ii)ln

the

ca

se w

here

the

Ban

k o

f T

haila

nd d

eem

s ap

prop

riate

th

e B

ank

of T

haila

nd m

ay g

rant

pe

rmis

sion

tha

t per

sons

of n

onshy

Tha

i na

tiona

lity

hold

sha

res

up

to 4

9 p

erce

nt o

f the

tot

al

amou

nt o

f vot

ing

shar

es s

old

(iii)

In t

he c

ase

whe

re it

is

nece

ssar

y to

rec

tify

the

oper

atio

n o

r to

str

engt

hen

the

stab

ility

of

any

loca

lly

inco

rpor

ated

ban

k o

r fo

r th

e pu

rpos

e o

f the

fina

ncia

l in

stitu

tions

sys

tem

sta

bilit

y t

he

Fin

ance

Min

iste

r with

the

re

com

men

datio

n o

f the

Ban

k o

f T

haila

nd s

hall

have

the

pow

er

to r

elax

the

req

uire

men

t o

f the

sh

areh

oldi

ng o

ther

than

tho

se

pres

crib

ed in

(c)

(

ii)

Suc

h eq

uity

par

ticip

atio

n w

ill b

e au

thor

ized

for

a p

erio

d o

f up

to

10 y

ears

w

ith fo

reig

n sh

areh

olde

rs w

ho e

nter

in t

his

perio

d be

ing

gran

dfat

here

d th

erea

fter

with

res

pect

to th

e ab

solu

te a

mou

nt o

f the

ir eq

uity

ho

ldin

g

III

(i) A

t le

ast t

hree

-fou

rths

of t

he

dire

ctor

s m

ust b

e o

f Tha

i na

tiona

lity

(ii

) In

th

e c

ase

whe

re t

he B

ank

of

7

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

ord

er

supp

ly

2) C

onsu

mpt

ion

abro

ad

3) C

omm

erci

al p

rese

nce

4)

Presenc~ o

f nat

ural

-pe=

-r-s

on

s---_

_--

Sec

toro

rSu

bse

cto

r L

imit

atio

nso

nM

arke

tAcc

ess

Lim

itat

ion

son

Nat

ion

alT

reat

men

t A

dd

itio

nal

Co

mm

itm

en

ts

Tha

iland

de

em

s ap

prop

riat

e

Th

e B

ank

of T

haila

nd m

ay

perm

it a

prop

ortio

n o

f non

-Tha

i na

tiona

lity

dir

ect

ors

of m

ore

than

one

-qua

rter

s b

ut s

hall

not

reac

h on

e h

alf

of t

he

tot

al

nu

mb

er

of d

irec

tors

(ii

i) In

the

cas

e w

he

re it

is

nece

ssar

y to

rec

tify

the

op

erat

ion

or

to s

tren

gthe

n th

e st

abili

ty o

f an

y lo

cally

in

corp

orat

ed b

an

k o

r fo

r th

e pu

rpos

e o

f th

e fi

nanc

ial

inst

itutio

n sy

stem

sta

bilit

y t

he

Fin

ance

Min

iste

r w

ith t

he

re

com

men

datio

n o

f th

e B

ank

of

Tha

iland

sha

ll h

ave

th

e p

ower

to

rel

ax t

he

re

qu

ire

me

nt

of t

he

dire

ctor

ship

oth

er

than

tho

se

pres

crib

ed in

(c)

III

(ii)

abov

e

Suc

h re

laxa

tion

ma

y be

gr

ante

d w

ith r

ule

an

d t

ime

clau

se

d) F

inan

cial

leas

ing

serv

ice

s

Can

onl

y be

pro

vide

d by

lea

sing

co

mpa

nies

whi

ch a

re s

ub

ject

to

max

imum

for

eign

eq

uity

par

ticip

atio

n o

f 49

per

cent

of p

aid

-up

reg

iste

red

capi

tal

or

by f

inan

ce c

om

pa

nie

s w

hich

are

sub

ject

to

ma

xim

um

fo

reig

n eq

uity

par

ticip

atio

n o

f 25

per

ce

nt o

f pai

d-up

reg

iste

red

capi

tal

d) F

inan

cial

leas

ing

serv

ices

Non

e

8

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

orde

r su

pply

2)

Con

sum

ptio

n ab

road

3)

Com

mer

cial

pre

senc

e 4)

P

rese

nce

of n

atur

al p

erso

ns

Sec

toro

rSu

bse

cto

r L

imit

atio

nso

nM

arke

tAcc

ess

Lim

itat

ion

son

Nat

ion

alT

reat

men

t A

dd

itio

nal

Co

mm

itm

en

ts

e) F

acto

ring

serv

ices

e)

Fac

torin

g se

rvic

es

Can

onl

y b

e pr

ovid

ed b

y fa

ctor

ing

com

pani

es w

hich

are

sub

ject

to

max

imum

for

eign

equ

ity p

artic

ipat

ion

of 4

9 pe

r cen

t of

pai

d-up

reg

iste

red

capi

tal

or

by fi

nanc

e co

mpa

nies

w

hich

are

sub

ject

to m

axim

um

fore

ign

equi

ty p

artic

ipat

ion

of 2

5 pe

r ce

nt o

f pai

d-up

reg

iste

red

capi

tal

Non

e

f)

Cre

dit

char

ge a

nd d

ebit

card

s f)

Cre

dit

char

ge a

nd d

ebit

card

s

Cre

dit

char

ge a

nd d

ebit

card

s ca

n on

ly b

e pr

ovid

ed b

y co

mpa

nies

w

hich

are

sub

ject

to

max

imum

fo

reig

n eq

uity

par

ticip

atio

n o

f 49

perc

ent

of p

aid-

up r

egis

tere

d ca

pita

l or

loca

lly in

corp

orat

ed b

an

ks a

nd

fore

ign

bank

bra

nche

s

Non

e

The

con

duct

of b

usin

esse

s un

der

d)

e) a

nd f)

will

be

subj

ect t

o lic

enS

ing

and

regu

latio

ns t

o b

e an

noun

ced

4)

For

ban

ks

repr

esen

tativ

e of

fices

and

fin

ance

com

pani

es

no q

uant

itativ

e lim

it ap

plie

s fo

r A

SE

AN

nat

iona

ls

App

rova

l sha

ll be

gra

nted

bas

ed o

n fo

reig

n se

rvic

es p

rovi

ders

bus

ines

s pl

ans

and

need

s

I 4)

Non

e

9

I

TH

AIL

AN

D

SC

HE

DU

LEO

FS

PE

CIF

ICC

OM

MIT

ME

NT

SF

OR

FIN

AN

CIA

LSE

RV

ICE

SU

NO

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

orde

r su

pply

2)

Con

sum

ptio

n ab

road

3)

Com

mer

cial

pre

senc

e 4)

P

rese

nce

of

natu

ral p

erso

ns

ii

Se

cto

rorS

ub

sect

or

Li m

itatio

nso

nM

ark

etA

cce

ss i

Lim

itatio

nso

nN

atio

na

lTre

atm

en

t A

dd

itio

na

lCo

mm

itm

en

ts

For

Sec

uriti

es C

ompa

nies

5

-se

curit

ies

brok

erag

e an

d de

alin

g -

deriv

ativ

es b

roke

rage

and

de

alin

g -

secu

ritie

s bo

rrow

ing

and

lend

ing

Tra

ding

for

ow

n ac

coun

t o

r fo

r ac

coun

t of c

usto

mer

s in

th

e fo

llow

ing

(C

) de

rivat

ive

prod

ucts

inc

l

but n

ot li

mite

d to

fu

ture

s an

d op

tions

(E

) tr

ansf

erab

le s

ecur

ities

1)

Unb

ound

2)

Non

e

3)

Unb

ound

exc

ept

I F

or r

epre

sent

ativ

e of

fices

no

ne

II F

or li

cens

ed s

ecur

ities

com

pany

fo

reig

n eq

uity

par

ticip

atio

n ca

n b

e

allo

wed

up

to 1

00 p

erce

nt o

fpai

d-up

ca

pita

l

4)

As

indi

cate

d in

the

hor

izon

tal s

ectio

n

1)

Non

e

2) N

one

3) N

one

4) A

s in

dica

ted

in t

he

hor

izon

tal s

ectio

n

For

Sec

uriti

es C

ompa

nies

tl

Sec

uriti

es U

nder

writ

ing

I 1)

Unb

ound

1)

N

one

Par

ticip

atio

n in

iss

ues

of a

ll ki

nds

of s

ecur

ities

in

clud

ing

I 2)

Non

e 2)

Non

e

unde

rwrit

ing

and

plac

emen

t as

age

nts

(whe

ther

pub

licly

or

priv

atel

y) a

nd p

rovi

sion

of

serv

ices

rel

ated

to

suc

h is

sues

I 3)

Unb

ound

exc

ept

I I

For

rep

rese

ntat

ive

offic

es

none

II F

or li

cens

ed s

ecur

ities

com

pany

fo

reig

n eq

uity

par

ticip

atio

n ca

n be

al

low

ed u

p to

100

per

cent

of p

aid-

up

capi

tal

3) N

one

41A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

4)

A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

6Sec

uriti

es c

ompa

nies

mea

n se

curit

ies

com

pani

es w

hich

are

not

com

mer

cial

ban

ks a

nd in

sura

nce

com

pani

es

10

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mo

de

s o

f Sllp

plL

1) G

ross-b()

rcj~

r su

pply

2)

Con

sulT

lptio

n ab

road

3)

Com

mer

cial

pre

senc

e 4)

P

rese

nce

of

natu

ral p

erso

ns

I S

ecto

rorS

ub

sect

or

Lim

itat

ion

son

Mar

ketA

cces

s L

imit

atio

nso

nN

atio

nal

Tre

atm

ent

Ad

dit

ion

alC

om

mit

men

ts

F

orA

sset

Ma

na

ge

me

nt

Com

pani

es

-m

utua

l fun

d m

an

ag

em

en

t -

priv

ate

fund

ma

na

ge

me

nt

I 1)

Un

bo

un

d

1)

Non

e

-de

riva

tives

fund

m

an

ag

em

en

t I 2

) N

on

e

2)

Non

e

-ve

ntur

e ca

pita

l man

agem

ent

Ass

et

ma

na

ge

me

nt

I 3)

Un

bo

un

d e

xcep

t

I F

or

repr

esen

tativ

e of

fices

n

on

e

II F

or

ass

et m

an

ag

em

en

t com

pani

es

fore

ign

equi

ty p

artic

ipat

ion

can

be

allo

we

d u

p to

100

per

cent

ofp

aid-

up

capi

tal

How

ever

du

ring

the

firs

t fiv

e

year

saft

er th

e lic

ense

has

bee

n gr

ante

d a

t le

ast 5

0 pe

rcen

t o

f th

e

paid

-up

capi

tal o

f th

ea

sse

t m

an

ag

em

en

t com

pany

mu

st b

e h

eld

by

finan

cial

inst

itutio

nses

tabl

ishe

d u

nd

er

Tha

i la

w7

3)

Non

e

For

Sec

uriti

es C

ompa

nies

tl

4A

s in

dic

ate

d in

the

hor

izon

tal s

ectio

n

4) A

s in

dica

ted

in t

he

hor

izon

tal s

ectio

n

Adv

isor

y I

nter

med

iatio

n an

d O

the

r Aux

iliar

y F

inan

cial

I 1

) U

nb

ou

nd

1)

N

one

Ser

vice

s

Inve

stm

en

t Adv

iSO

ry

I 2

No

ne

2)

N

one

7Fin

anci

al in

stitu

tions

esta

blis

hed

unde

r Tha

i law

s in

this

sec

tion

mea

n se

curit

ies

com

pani

es

com

mer

cial

ban

ks

life

insu

ranc

e co

mpa

nies

an

d sp

ecia

lized

fina

ncia

l in

stitu

tions

est

ablis

hed

unde

r spe

cific

law

s

11

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

pl

Sec

toro

rSu

bse

cto

r

1lGr

oss-

bltl

rd~r

sup

ply

2) C

onsu

mpt

ion

abro

ad

lim

itat

ion

son

Mar

ketA

cces

s

3) C

omm

erci

al p

rese

nce

4)

Pre

senc

e o

f nat

ural

per

sons

lim

itat

ion

son

Nat

ion

alT

reat

men

t A

dd

itio

nal

Co

mm

itm

en

ts

3)

Unb

ound

exc

ept

I F

or r

epre

sent

ativ

e of

fices

no

ne

3)

Non

e

II F

or s

ecur

ities

com

pani

es

a)

fore

ign

equi

ty p

artic

ipat

ion

can

be a

llow

ed u

p to

100

per

cent

o

f pai

d-up

cap

ital

b)

Lice

nse

may

be

gra

nted

to

finan

cial

inst

itutio

ns li

cens

ed

unde

r T

hai L

aws

and

a li

mite

d co

mpa

ny w

hich

is n

ewly

es

tabl

ishe

d

4)A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

4)

A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

Oth

er a

uxili

ary

finan

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ices

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ilizi

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unds

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nles

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ense

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anci

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3)(

h)

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ce

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toco

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Imp

lem

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e S

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of C

om

mit

me

nt o

n F

ina

nci

al S

erv

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s

un

de

r th

e A

SE

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Fra

me

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gre

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en

t on

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rvic

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TH

AIL

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D

SC

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LE O

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CIF

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CO

MM

ITM

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TS

TH

AIL

AN

D

SC

HE

DU

LEO

FS

PE

CIF

ICC

OM

MIT

ME

NT

SF

OR

FIN

AN

CIA

LSE

RV

ICE

SU

ND

ER

AF

AS

Mo

de

s o

f Sup

ply

1)

Gro

ss-b

ord

er

sup

ply

2)

Co

nsu

mp

tio

n a

bro

ad

3)

G()mmer~ii31

pr(

se

nce

4)

presell~e (

)f n

atu

ral p

ers

on

s

Se

cto

rorS

ub

sect

or

Lim

ita

tio

nso

nM

ark

etA

cce

ss

Lim

itatio

nso

nN

atlo

na

lTre

atm

en

t I

Ad

dit

lon

alC

om

mit

me

n

ts

A

Insu

ran

ce in

clu

din

g

rein

sura

nce

an

d

retr

oce

ssio

n

life

insu

ran

ce s

erv

ice

s(C

PC

8

12

11

) 1)

No

ne

2) N

on

e

3) a

) F

ore

ign

eq

uity

pa

rtic

ipa

tion

lim

ited

to

2

5 p

er

cen

t o

f re

gis

tere

d s

ha

re

capi

tal

b) N

ew

est

ab

lish

me

nt

is s

ub

ject

to

lice

nce

ap

pro

ved

by

the

Min

iste

r with

th

e c

on

sen

t of t

he

Ca

bin

et

4) O

nly

se

nio

r m

an

ag

eri

al p

ers

on

ne

l sp

eci

alis

ts a

nd

te

chn

ica

l a

ssis

tan

ts w

ith

the

ap

pro

val o

f th

e I

nsu

ran

ce

Co

mm

issi

on

er

1) N

on

e

2)

life

insu

ran

ce p

rem

ium

is t

ax

de

du

ctib

le u

p to

a c

erta

in a

mo

un

t fo

r h

old

ers

of p

olic

ies

issu

ed

by

loca

l co

mp

an

ies

I 3)

No

ne

I 4)

No

ne

No

n-l

ife in

sura

nce

se

rvic

es

(CP

C 8

12

9)

1) U

nb

ou

nd

exc

ep

t fo

r in

tern

atio

na

l m

ari

ne

a

via

tion

an

d t

ran

sit

an

d a

ll cl

ass

es

of

rein

sura

nce

2)

No

ne

3) a

) F

ore

ign

eq

uity

pa

rtic

ipa

tion

lim

ited

to

2

5 p

erc

en

t of r

eg

iste

red

sh

are

ca

pita

l

1) U

nb

ou

nd

I 2)

No

ne

I 3)

No

ne

2

-1

TH

AIL

AN

D

SC

HE

DU

LEO

FS

PE

CIF

ICC

OM

MIT

ME

NT

SF

OR

FIN

AN

CIA

LSE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

1

Cro

ss-b

orde

r su

pply

2

) C

onsu

mpt

ion

abro

ad

3) C

omm

erci

al p

rese

nce

4)

Pre

senc

e o

f nat

ural

per

sons

Se

cto

rorS

ub

sect

or

Lim

ita

tio

nso

nM

ark

etA

cce

ss

Lim

itatio

nso

nN

atio

na

lTre

atm

en

t I A

dd

itio

na

lCo

mm

itme

n

ts

Ser

vice

s au

xilia

ry to

in

sura

nce

(exc

ludi

ng p

ensi

on

fund

ing

serv

ices

)

Insu

ranc

e br

okin

g an

d ag

ency

ser

vice

s (C

PC

814

01)(

Bro

kers

sha

ll n

ot i

nduc

e a

dvis

e o

r do

any

a

cts

so a

s to

cau

se a

ny

pers

on t

o en

ter

into

insu

ranc

e co

ntra

cts

with

ins

urer

s ab

road

ex

cept

for

rein

sura

nce

cont

ract

s)

Insu

ranc

e co

nsul

tanc

y se

rvic

es

(CP

C 8

1402

)

b)

New

est

ablis

hmen

t is

sub

ject

to

licen

se a

ppro

ved

by

the

Min

iste

r w

ith

the

cons

ent o

f the

Cab

inet

4) O

nly

seni

or m

anag

eria

l per

sonn

el

spec

ialis

ts a

nd t

echn

ical

ass

ista

nts

with

th

e ap

prov

al o

f the

Ins

uran

ce

Com

mis

sion

er

1) U

nbou

nd

2) U

nbou

nd

3)

For

eign

equ

ity p

artic

ipat

ion

not

to

exce

ed 4

9 pe

r ce

nt

4) a

) O

nly

seni

or m

anag

eria

l per

sonn

el

spec

ialis

ts a

nd t

echn

ical

ass

ista

nts

with

the

app

rova

l of t

he I

nsur

ance

C

omm

issi

oner

b)

U

nbou

nd f

or in

divi

dual

bro

ker

and

agen

t

1) N

one

2) N

one

3) N

one

oth

er t

han

that

indi

cate

d in

the

ho

rizo

jltal

sec

tion

4 O

nly

seni

or m

anag

eria

l per

sonn

el

spec

ialis

ts a

nd t

echn

ical

ass

ista

nts

with

th

e ap

prov

al o

f the

Ins

uran

ce

I 4)

Non

e

1) U

nbou

nd

2) U

nbou

nd

3) N

o lim

itatio

n a

s lo

ng a

s fo

reig

n eq

uity

pa

rtic

ipat

ion

does

not

exc

eed

49

pe

r ce

nt

4) N

one

1) N

one

2) N

one

3) N

o lim

itatio

n as

long

as

fore

ign

equi

ty

part

icip

atio

n d

oe

s no

t exc

eed

49 p

er

cent

4) N

one

3

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

orde

r su

pply

2)

Con

sum

ptio

n ab

road

4

I

Se

cto

rorS

ub

sect

or

Lim

itatio

nso

nM

ark

etA

cce

ss

Ad

dit

ion

alC

om

mit

me

n

ts

1) N

one

se

rvic

es(C

PC

814

03)

2)

Non

e

Ave

rage

and

loss

adj

ustm

ent

I 1)

Non

e

2)

Non

e

3) N

one

oth

er t

han

that

indi

cate

d in

3)

No

limita

tion

as lo

ng a

s fo

reig

n eq

uity

th

ehor

izon

tal s

ectio

n

part

icip

atio

n d

oe

s no

texc

eed

49

pe

r ce

nt

4)N

one

pers

onne

lspe

cial

ists

and

tec

hnic

al

assi

stan

ts w

ith t

he a

ppro

val o

f the

In

sura

nce

Com

mis

sion

er

4) O

nly

seni

or m

anag

eria

l

~shy

1) N

one

1) N

one

(C

PC

814

04)

2)

Non

e

Act

uaria

l ser

vice

s

2) N

one

3) N

one

oth

er

than

tha

t in

dica

ted

in

3) N

o lim

itatio

n a

s lo

ng a

s fo

reig

n eq

uity

th

ehor

izon

tal s

ectio

n

part

icip

atio

n d

oe

s no

t exc

eed

49

per

ce

nt

4)N

one

pers

onne

lspe

cial

ists

and

tec

hnic

al

assi

stan

ts w

ith t

he a

ppro

val o

f the

In

sura

nce

Com

mis

sion

er

4) O

nly

seni

or m

anag

eria

l

4

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

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MM

ITM

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TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Su

I

Cro

ss-b

orde

r su

pply

~

Con

sum

ptio

n ab

road

3)

Com

mer

cial

pre

senc

e 4)

P

rese

nce

of n~

tura

l pe

rson

s

B

Ban

kin

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e fo

r fin

anci

al a

dvis

ory

and

finan

cial

d

ata

pro

cess

ing

Unb

ound

for

all

oth

er

serv

ices

1) N

one

2)

Non

e fo

r fin

anci

al a

dvis

ory

and

finan

cial

I2)

Non

e da

ta p

roce

ssin

g U

nbou

nd f

or

all

oth

er

serv

ices

3) a

) R

epre

sent

ativ

e of

ficeo

f ban

ks N

one

I3)

a) R

epre

sent

ativ

e of

fice

ofba

nks

Non

e b)

For

eign

ban

k br

anch

es

I N

one

for

exis

ting

fore

ign

bank

br

anch

es u

nder

pre

sent

sh

areh

oldi

ng s

truc

ture

N

ew

es

tabl

ishm

ent

is s

ubje

ct to

lic

ence

app

rove

d by

the

Min

iste

r o

f Fin

ance

with

the

co

nsen

t of t

he C

abin

et

II

AT

M o

pera

tions

per

mitt

ed

un

de

r th

e fo

llow

ing

cond

ition

s on

ly

i) jo

inin

g A

TM

poo

lsop

erat

ed b

y T

hai b

anks

o

r ii)

ope

ratio

n w

ithin

ow

n pr

emis

es

or

shar

ing

the

faci

litie

s w

ith

oth

er

com

mer

cial

ban

ks in

T

haila

nd

b) F

orei

gn b

ank

bran

ches

Non

e e

xcep

t as

indi

cate

d in

the

m

arke

t acc

ess

colu

mn

1 Th

e co

mm

itmen

ts fo

r S

ecur

ities

Com

pani

es u

nder

this

sub

sect

or a

re s

epar

atel

y lis

ted

belo

w

5

TH

AIL

AN

D

SC

HE

DU

LEO

FS

PE

CIF

ICC

OM

MIT

ME

NT

SF

OR

FIN

AN

CIA

LSE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

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Cro

ss-b

orde

r su

pply

2)

Co

nsu

mp

tion

ab

roa

d

3) C

omm

erci

al p

rese

nce

4

) P

rese

nce

of

natu

ral p

ers

on

s

Se

cto

rorS

ub

sect

or

Lim

itatio

nso

nM

ark

etA

cce

ss

Lim

itatio

nso

nN

atio

na

lTre

atm

en

t A

dd

itio

na

lCo

mm

itm

en

ts

(E)T

rans

fera

ble

secu

ritie

s

Par

ticip

atio

n in

iss

ues

of a

ll ki

nds

of s

ecur

ities

in

clud

ing

unde

r-w

ritin

g an

d p

lace

me

nt

as a

gent

(w

heth

er p

ublic

ly o

r pr

ivat

ely)

and

pro

visi

on o

f se

rvic

es r

elat

ed t

o s

uch

is

sues

2

III

Exi

stin

g fo

reig

n b

an

ks w

hich

al

read

y h

ad

th

e fi

rst

bran

ch o

ffic

e in

Th

aila

nd

pri

or

to J

uly

1995

will

ea

ch b

e p

erm

itte

d t

o o

pen

no

m

ore

than

tw

o a

dditi

onal

br

anch

es

IV N

on

e fo

r pa

rtic

ipat

ion

in c

hequ

e cl

eari

ng a

nd

se

ttle

me

nt s

yste

m

Ass

et m

an

ag

em

en

ea

s fo

llow

s

-ca

sh o

r po

rtfo

lio

man

agem

ent

-co

llect

ive

inve

stm

ent

man

agem

ent

-cu

stod

ian

and

depo

sito

ry s

erv

ice

s

Adv

isor

y i

nter

med

iatio

n a

nd

o

the

r au

xilia

ry f

inan

cial

se

rvic

es4

Pro

visi

on a

nd t

ran

sfe

r o

f fin

anci

al in

form

atio

n a

nd

fin

anci

al d

ata

pro

cess

ing

an

d

rela

ted

softw

are

c)

Loca

lly in

corp

ora

ted

ba

nks

I M

ark

et

acc

ess

lim

ited

to t

he

ac

quis

ition

of s

ha

res

of e

xist

ing

bank

s

II (

i) T

he

am

ou

nt o

f sha

res

held

by

pers

ons

of T

ha

i na

tiona

lity

shal

l n

ot b

e le

ss th

an

75

pe

rce

nt o

f th

e to

tal a

mo

un

t of v

otin

g sh

ares

sol

d C

om

bin

ed

sh

areh

oldi

ng o

f an

ind

ivid

ual

and

his

he

r re

late

d pe

rson

s sh

all

no

t e

xce

ed

10

pe

rce

nt o

f to

tal

nu

mb

er

of s

ha

res

sold

5

un

less

oth

erw

ise

per

mitt

ed b

y th

e B

an

k o

f Tha

iland

c)

Loca

lly in

corp

orat

ed b

an

ks

Non

e e

xce

pt a

s in

dica

ted

in t

he

m

ark

et a

cces

s co

lum

n

2 Th

e co

mm

itmen

ts fo

r S

ecur

ities

Com

pani

es u

nder

this

sub

sect

or a

re s

epar

atel

y lis

ted

belo

w

3 Th

e co

mm

itmen

ts fo

r Ass

et M

anag

emen

t Com

pani

es u

nder

this

sub

sect

or a

re s

epar

atel

y lis

ted

belo

w

4 Th

e co

mm

itmen

ts o

n In

vest

men

t Adv

isor

y fo

r S

ecur

ities

Com

pani

es u

nder

this

sub

sect

or a

re s

epar

atel

y lis

ted

belo

w

sro

tal n

umbe

r o

f sh

are

s so

ld i

nclu

de v

otin

g a

nd

no

n-v

otin

g s

ha

res

6

TH

AIL

AN

D

SC

HE

DU

LEO

FS

PE

CIF

ICC

OM

MIT

ME

NT

SF

OR

FIN

AN

CIA

LSE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

orde

r su

pply

2)

Con

sum

ptio

n ab

road

3)

Com

ll1er

cial

pre

senc

e 4)

P

rese

nce

of n

atur

al p~rsons

Se

cto

rorS

ub

sect

or

Lim

ita

tio

nso

nM

ark

etA

cce

ss

Lim

ita

tio

nso

nN

ati

on

alT

rea

tme

nt

Ad

dit

ion

alC

om

mit

me

n

ts

(ii)ln

the

ca

se w

here

the

Ban

k o

f T

haila

nd d

eem

s ap

prop

riate

th

e B

ank

of T

haila

nd m

ay g

rant

pe

rmis

sion

tha

t per

sons

of n

onshy

Tha

i na

tiona

lity

hold

sha

res

up

to 4

9 p

erce

nt o

f the

tot

al

amou

nt o

f vot

ing

shar

es s

old

(iii)

In t

he c

ase

whe

re it

is

nece

ssar

y to

rec

tify

the

oper

atio

n o

r to

str

engt

hen

the

stab

ility

of

any

loca

lly

inco

rpor

ated

ban

k o

r fo

r th

e pu

rpos

e o

f the

fina

ncia

l in

stitu

tions

sys

tem

sta

bilit

y t

he

Fin

ance

Min

iste

r with

the

re

com

men

datio

n o

f the

Ban

k o

f T

haila

nd s

hall

have

the

pow

er

to r

elax

the

req

uire

men

t o

f the

sh

areh

oldi

ng o

ther

than

tho

se

pres

crib

ed in

(c)

(

ii)

Suc

h eq

uity

par

ticip

atio

n w

ill b

e au

thor

ized

for

a p

erio

d o

f up

to

10 y

ears

w

ith fo

reig

n sh

areh

olde

rs w

ho e

nter

in t

his

perio

d be

ing

gran

dfat

here

d th

erea

fter

with

res

pect

to th

e ab

solu

te a

mou

nt o

f the

ir eq

uity

ho

ldin

g

III

(i) A

t le

ast t

hree

-fou

rths

of t

he

dire

ctor

s m

ust b

e o

f Tha

i na

tiona

lity

(ii

) In

th

e c

ase

whe

re t

he B

ank

of

7

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

ord

er

supp

ly

2) C

onsu

mpt

ion

abro

ad

3) C

omm

erci

al p

rese

nce

4)

Presenc~ o

f nat

ural

-pe=

-r-s

on

s---_

_--

Sec

toro

rSu

bse

cto

r L

imit

atio

nso

nM

arke

tAcc

ess

Lim

itat

ion

son

Nat

ion

alT

reat

men

t A

dd

itio

nal

Co

mm

itm

en

ts

Tha

iland

de

em

s ap

prop

riat

e

Th

e B

ank

of T

haila

nd m

ay

perm

it a

prop

ortio

n o

f non

-Tha

i na

tiona

lity

dir

ect

ors

of m

ore

than

one

-qua

rter

s b

ut s

hall

not

reac

h on

e h

alf

of t

he

tot

al

nu

mb

er

of d

irec

tors

(ii

i) In

the

cas

e w

he

re it

is

nece

ssar

y to

rec

tify

the

op

erat

ion

or

to s

tren

gthe

n th

e st

abili

ty o

f an

y lo

cally

in

corp

orat

ed b

an

k o

r fo

r th

e pu

rpos

e o

f th

e fi

nanc

ial

inst

itutio

n sy

stem

sta

bilit

y t

he

Fin

ance

Min

iste

r w

ith t

he

re

com

men

datio

n o

f th

e B

ank

of

Tha

iland

sha

ll h

ave

th

e p

ower

to

rel

ax t

he

re

qu

ire

me

nt

of t

he

dire

ctor

ship

oth

er

than

tho

se

pres

crib

ed in

(c)

III

(ii)

abov

e

Suc

h re

laxa

tion

ma

y be

gr

ante

d w

ith r

ule

an

d t

ime

clau

se

d) F

inan

cial

leas

ing

serv

ice

s

Can

onl

y be

pro

vide

d by

lea

sing

co

mpa

nies

whi

ch a

re s

ub

ject

to

max

imum

for

eign

eq

uity

par

ticip

atio

n o

f 49

per

cent

of p

aid

-up

reg

iste

red

capi

tal

or

by f

inan

ce c

om

pa

nie

s w

hich

are

sub

ject

to

ma

xim

um

fo

reig

n eq

uity

par

ticip

atio

n o

f 25

per

ce

nt o

f pai

d-up

reg

iste

red

capi

tal

d) F

inan

cial

leas

ing

serv

ices

Non

e

8

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

orde

r su

pply

2)

Con

sum

ptio

n ab

road

3)

Com

mer

cial

pre

senc

e 4)

P

rese

nce

of n

atur

al p

erso

ns

Sec

toro

rSu

bse

cto

r L

imit

atio

nso

nM

arke

tAcc

ess

Lim

itat

ion

son

Nat

ion

alT

reat

men

t A

dd

itio

nal

Co

mm

itm

en

ts

e) F

acto

ring

serv

ices

e)

Fac

torin

g se

rvic

es

Can

onl

y b

e pr

ovid

ed b

y fa

ctor

ing

com

pani

es w

hich

are

sub

ject

to

max

imum

for

eign

equ

ity p

artic

ipat

ion

of 4

9 pe

r cen

t of

pai

d-up

reg

iste

red

capi

tal

or

by fi

nanc

e co

mpa

nies

w

hich

are

sub

ject

to m

axim

um

fore

ign

equi

ty p

artic

ipat

ion

of 2

5 pe

r ce

nt o

f pai

d-up

reg

iste

red

capi

tal

Non

e

f)

Cre

dit

char

ge a

nd d

ebit

card

s f)

Cre

dit

char

ge a

nd d

ebit

card

s

Cre

dit

char

ge a

nd d

ebit

card

s ca

n on

ly b

e pr

ovid

ed b

y co

mpa

nies

w

hich

are

sub

ject

to

max

imum

fo

reig

n eq

uity

par

ticip

atio

n o

f 49

perc

ent

of p

aid-

up r

egis

tere

d ca

pita

l or

loca

lly in

corp

orat

ed b

an

ks a

nd

fore

ign

bank

bra

nche

s

Non

e

The

con

duct

of b

usin

esse

s un

der

d)

e) a

nd f)

will

be

subj

ect t

o lic

enS

ing

and

regu

latio

ns t

o b

e an

noun

ced

4)

For

ban

ks

repr

esen

tativ

e of

fices

and

fin

ance

com

pani

es

no q

uant

itativ

e lim

it ap

plie

s fo

r A

SE

AN

nat

iona

ls

App

rova

l sha

ll be

gra

nted

bas

ed o

n fo

reig

n se

rvic

es p

rovi

ders

bus

ines

s pl

ans

and

need

s

I 4)

Non

e

9

I

TH

AIL

AN

D

SC

HE

DU

LEO

FS

PE

CIF

ICC

OM

MIT

ME

NT

SF

OR

FIN

AN

CIA

LSE

RV

ICE

SU

NO

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

orde

r su

pply

2)

Con

sum

ptio

n ab

road

3)

Com

mer

cial

pre

senc

e 4)

P

rese

nce

of

natu

ral p

erso

ns

ii

Se

cto

rorS

ub

sect

or

Li m

itatio

nso

nM

ark

etA

cce

ss i

Lim

itatio

nso

nN

atio

na

lTre

atm

en

t A

dd

itio

na

lCo

mm

itm

en

ts

For

Sec

uriti

es C

ompa

nies

5

-se

curit

ies

brok

erag

e an

d de

alin

g -

deriv

ativ

es b

roke

rage

and

de

alin

g -

secu

ritie

s bo

rrow

ing

and

lend

ing

Tra

ding

for

ow

n ac

coun

t o

r fo

r ac

coun

t of c

usto

mer

s in

th

e fo

llow

ing

(C

) de

rivat

ive

prod

ucts

inc

l

but n

ot li

mite

d to

fu

ture

s an

d op

tions

(E

) tr

ansf

erab

le s

ecur

ities

1)

Unb

ound

2)

Non

e

3)

Unb

ound

exc

ept

I F

or r

epre

sent

ativ

e of

fices

no

ne

II F

or li

cens

ed s

ecur

ities

com

pany

fo

reig

n eq

uity

par

ticip

atio

n ca

n b

e

allo

wed

up

to 1

00 p

erce

nt o

fpai

d-up

ca

pita

l

4)

As

indi

cate

d in

the

hor

izon

tal s

ectio

n

1)

Non

e

2) N

one

3) N

one

4) A

s in

dica

ted

in t

he

hor

izon

tal s

ectio

n

For

Sec

uriti

es C

ompa

nies

tl

Sec

uriti

es U

nder

writ

ing

I 1)

Unb

ound

1)

N

one

Par

ticip

atio

n in

iss

ues

of a

ll ki

nds

of s

ecur

ities

in

clud

ing

I 2)

Non

e 2)

Non

e

unde

rwrit

ing

and

plac

emen

t as

age

nts

(whe

ther

pub

licly

or

priv

atel

y) a

nd p

rovi

sion

of

serv

ices

rel

ated

to

suc

h is

sues

I 3)

Unb

ound

exc

ept

I I

For

rep

rese

ntat

ive

offic

es

none

II F

or li

cens

ed s

ecur

ities

com

pany

fo

reig

n eq

uity

par

ticip

atio

n ca

n be

al

low

ed u

p to

100

per

cent

of p

aid-

up

capi

tal

3) N

one

41A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

4)

A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

6Sec

uriti

es c

ompa

nies

mea

n se

curit

ies

com

pani

es w

hich

are

not

com

mer

cial

ban

ks a

nd in

sura

nce

com

pani

es

10

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mo

de

s o

f Sllp

plL

1) G

ross-b()

rcj~

r su

pply

2)

Con

sulT

lptio

n ab

road

3)

Com

mer

cial

pre

senc

e 4)

P

rese

nce

of

natu

ral p

erso

ns

I S

ecto

rorS

ub

sect

or

Lim

itat

ion

son

Mar

ketA

cces

s L

imit

atio

nso

nN

atio

nal

Tre

atm

ent

Ad

dit

ion

alC

om

mit

men

ts

F

orA

sset

Ma

na

ge

me

nt

Com

pani

es

-m

utua

l fun

d m

an

ag

em

en

t -

priv

ate

fund

ma

na

ge

me

nt

I 1)

Un

bo

un

d

1)

Non

e

-de

riva

tives

fund

m

an

ag

em

en

t I 2

) N

on

e

2)

Non

e

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ntur

e ca

pita

l man

agem

ent

Ass

et

ma

na

ge

me

nt

I 3)

Un

bo

un

d e

xcep

t

I F

or

repr

esen

tativ

e of

fices

n

on

e

II F

or

ass

et m

an

ag

em

en

t com

pani

es

fore

ign

equi

ty p

artic

ipat

ion

can

be

allo

we

d u

p to

100

per

cent

ofp

aid-

up

capi

tal

How

ever

du

ring

the

firs

t fiv

e

year

saft

er th

e lic

ense

has

bee

n gr

ante

d a

t le

ast 5

0 pe

rcen

t o

f th

e

paid

-up

capi

tal o

f th

ea

sse

t m

an

ag

em

en

t com

pany

mu

st b

e h

eld

by

finan

cial

inst

itutio

nses

tabl

ishe

d u

nd

er

Tha

i la

w7

3)

Non

e

For

Sec

uriti

es C

ompa

nies

tl

4A

s in

dic

ate

d in

the

hor

izon

tal s

ectio

n

4) A

s in

dica

ted

in t

he

hor

izon

tal s

ectio

n

Adv

isor

y I

nter

med

iatio

n an

d O

the

r Aux

iliar

y F

inan

cial

I 1

) U

nb

ou

nd

1)

N

one

Ser

vice

s

Inve

stm

en

t Adv

iSO

ry

I 2

No

ne

2)

N

one

7Fin

anci

al in

stitu

tions

esta

blis

hed

unde

r Tha

i law

s in

this

sec

tion

mea

n se

curit

ies

com

pani

es

com

mer

cial

ban

ks

life

insu

ranc

e co

mpa

nies

an

d sp

ecia

lized

fina

ncia

l in

stitu

tions

est

ablis

hed

unde

r spe

cific

law

s

11

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

pl

Sec

toro

rSu

bse

cto

r

1lGr

oss-

bltl

rd~r

sup

ply

2) C

onsu

mpt

ion

abro

ad

lim

itat

ion

son

Mar

ketA

cces

s

3) C

omm

erci

al p

rese

nce

4)

Pre

senc

e o

f nat

ural

per

sons

lim

itat

ion

son

Nat

ion

alT

reat

men

t A

dd

itio

nal

Co

mm

itm

en

ts

3)

Unb

ound

exc

ept

I F

or r

epre

sent

ativ

e of

fices

no

ne

3)

Non

e

II F

or s

ecur

ities

com

pani

es

a)

fore

ign

equi

ty p

artic

ipat

ion

can

be a

llow

ed u

p to

100

per

cent

o

f pai

d-up

cap

ital

b)

Lice

nse

may

be

gra

nted

to

finan

cial

inst

itutio

ns li

cens

ed

unde

r T

hai L

aws

and

a li

mite

d co

mpa

ny w

hich

is n

ewly

es

tabl

ishe

d

4)A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

4)

A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

Oth

er a

uxili

ary

finan

cial

se

rvic

es

Cre

dit c

ard

serv

ices

(C

PC

811

33)

(Mob

ilizi

ng f

unds

from

the

pu

blic

is p

rohi

bite

d u

nles

s lic

ense

d un

der

a fin

anci

al

law

)

1) N

one

2) N

one

3) a

) A

s in

dica

ted

in B

3)(

h)

abov

e

b)

Fin

anci

al in

stitu

tions

mus

t obt

ain

prio

r ap

prov

al f

rom

the

Ban

k of

T

haila

nd

1) N

one

2) N

one

3) N

o lim

itatio

n as

long

as

fore

ign

equi

ty

part

icip

atio

n do

es n

ot e

xcee

d 49

per

ce

nt

4) A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

4) N

one

12

--

TH

AIL

AN

D

S

CH

ED

ULE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IALS

ER

VIC

ES

UN

DE

RA

FA

S

-_ -

-__

__

--

-__

__ -_

--

--

_

_

_

_ _

_---

__

-_

_

-_

_

-__

_-

_

-_

--

_

_-_

_--__

--_

-

Se

cto

rorS

ub

sect

or

Lim

ita

tio

nso

nM

ark

etA

cce

ss

Lim

ita

tio

nso

nN

ati

on

alT

rea

tme

nt

Ad

dit

lon

alC

om

mlt

me

n

ts

Fin

anci

al c

onsu

ltanc

y se

rvic

es

(CP

C 8

1332

)

1) U

nbou

nd

2) N

one

3) N

one

othe

r th

an t

hat

indi

cate

d in

the

ho

rizon

tal s

ectio

n

4)

As

indi

cate

d in

the

hor

izon

tal s

ectio

n

1) N

one

2) N

one

3) N

o lim

itatio

n as

long

as

fore

ign

equi

ty

part

icip

atio

n do

es n

ot e

xcee

d 4

9 p

er

cent

4)

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e

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~~------------------~----~--------------------~--------------------~

Pro

toco

l to

Imp

lem

en

t th

e S

ixth

Pac

kage

of C

om

mit

me

nt o

n F

ina

nci

al S

erv

ice

s

un

de

r th

e A

SE

AN

Fra

me

wo

rk A

gre

em

en

t on

Se

rvic

es

TH

AIL

AN

D

SC

HE

DU

LE O

F S

PE

CIF

IC S

ER

VIC

ES

CO

MM

ITM

EN

TS

TH

AIL

AN

D

SC

HE

DU

LEO

FS

PE

CIF

ICC

OM

MIT

ME

NT

SF

OR

FIN

AN

CIA

LSE

RV

ICE

SU

ND

ER

AF

AS

Mo

de

s o

f Sup

ply

1)

Gro

ss-b

ord

er

sup

ply

2)

Co

nsu

mp

tio

n a

bro

ad

3)

G()mmer~ii31

pr(

se

nce

4)

presell~e (

)f n

atu

ral p

ers

on

s

Se

cto

rorS

ub

sect

or

Lim

ita

tio

nso

nM

ark

etA

cce

ss

Lim

itatio

nso

nN

atlo

na

lTre

atm

en

t I

Ad

dit

lon

alC

om

mit

me

n

ts

A

Insu

ran

ce in

clu

din

g

rein

sura

nce

an

d

retr

oce

ssio

n

life

insu

ran

ce s

erv

ice

s(C

PC

8

12

11

) 1)

No

ne

2) N

on

e

3) a

) F

ore

ign

eq

uity

pa

rtic

ipa

tion

lim

ited

to

2

5 p

er

cen

t o

f re

gis

tere

d s

ha

re

capi

tal

b) N

ew

est

ab

lish

me

nt

is s

ub

ject

to

lice

nce

ap

pro

ved

by

the

Min

iste

r with

th

e c

on

sen

t of t

he

Ca

bin

et

4) O

nly

se

nio

r m

an

ag

eri

al p

ers

on

ne

l sp

eci

alis

ts a

nd

te

chn

ica

l a

ssis

tan

ts w

ith

the

ap

pro

val o

f th

e I

nsu

ran

ce

Co

mm

issi

on

er

1) N

on

e

2)

life

insu

ran

ce p

rem

ium

is t

ax

de

du

ctib

le u

p to

a c

erta

in a

mo

un

t fo

r h

old

ers

of p

olic

ies

issu

ed

by

loca

l co

mp

an

ies

I 3)

No

ne

I 4)

No

ne

No

n-l

ife in

sura

nce

se

rvic

es

(CP

C 8

12

9)

1) U

nb

ou

nd

exc

ep

t fo

r in

tern

atio

na

l m

ari

ne

a

via

tion

an

d t

ran

sit

an

d a

ll cl

ass

es

of

rein

sura

nce

2)

No

ne

3) a

) F

ore

ign

eq

uity

pa

rtic

ipa

tion

lim

ited

to

2

5 p

erc

en

t of r

eg

iste

red

sh

are

ca

pita

l

1) U

nb

ou

nd

I 2)

No

ne

I 3)

No

ne

2

-1

TH

AIL

AN

D

SC

HE

DU

LEO

FS

PE

CIF

ICC

OM

MIT

ME

NT

SF

OR

FIN

AN

CIA

LSE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

1

Cro

ss-b

orde

r su

pply

2

) C

onsu

mpt

ion

abro

ad

3) C

omm

erci

al p

rese

nce

4)

Pre

senc

e o

f nat

ural

per

sons

Se

cto

rorS

ub

sect

or

Lim

ita

tio

nso

nM

ark

etA

cce

ss

Lim

itatio

nso

nN

atio

na

lTre

atm

en

t I A

dd

itio

na

lCo

mm

itme

n

ts

Ser

vice

s au

xilia

ry to

in

sura

nce

(exc

ludi

ng p

ensi

on

fund

ing

serv

ices

)

Insu

ranc

e br

okin

g an

d ag

ency

ser

vice

s (C

PC

814

01)(

Bro

kers

sha

ll n

ot i

nduc

e a

dvis

e o

r do

any

a

cts

so a

s to

cau

se a

ny

pers

on t

o en

ter

into

insu

ranc

e co

ntra

cts

with

ins

urer

s ab

road

ex

cept

for

rein

sura

nce

cont

ract

s)

Insu

ranc

e co

nsul

tanc

y se

rvic

es

(CP

C 8

1402

)

b)

New

est

ablis

hmen

t is

sub

ject

to

licen

se a

ppro

ved

by

the

Min

iste

r w

ith

the

cons

ent o

f the

Cab

inet

4) O

nly

seni

or m

anag

eria

l per

sonn

el

spec

ialis

ts a

nd t

echn

ical

ass

ista

nts

with

th

e ap

prov

al o

f the

Ins

uran

ce

Com

mis

sion

er

1) U

nbou

nd

2) U

nbou

nd

3)

For

eign

equ

ity p

artic

ipat

ion

not

to

exce

ed 4

9 pe

r ce

nt

4) a

) O

nly

seni

or m

anag

eria

l per

sonn

el

spec

ialis

ts a

nd t

echn

ical

ass

ista

nts

with

the

app

rova

l of t

he I

nsur

ance

C

omm

issi

oner

b)

U

nbou

nd f

or in

divi

dual

bro

ker

and

agen

t

1) N

one

2) N

one

3) N

one

oth

er t

han

that

indi

cate

d in

the

ho

rizo

jltal

sec

tion

4 O

nly

seni

or m

anag

eria

l per

sonn

el

spec

ialis

ts a

nd t

echn

ical

ass

ista

nts

with

th

e ap

prov

al o

f the

Ins

uran

ce

I 4)

Non

e

1) U

nbou

nd

2) U

nbou

nd

3) N

o lim

itatio

n a

s lo

ng a

s fo

reig

n eq

uity

pa

rtic

ipat

ion

does

not

exc

eed

49

pe

r ce

nt

4) N

one

1) N

one

2) N

one

3) N

o lim

itatio

n as

long

as

fore

ign

equi

ty

part

icip

atio

n d

oe

s no

t exc

eed

49 p

er

cent

4) N

one

3

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

orde

r su

pply

2)

Con

sum

ptio

n ab

road

4

I

Se

cto

rorS

ub

sect

or

Lim

itatio

nso

nM

ark

etA

cce

ss

Ad

dit

ion

alC

om

mit

me

n

ts

1) N

one

se

rvic

es(C

PC

814

03)

2)

Non

e

Ave

rage

and

loss

adj

ustm

ent

I 1)

Non

e

2)

Non

e

3) N

one

oth

er t

han

that

indi

cate

d in

3)

No

limita

tion

as lo

ng a

s fo

reig

n eq

uity

th

ehor

izon

tal s

ectio

n

part

icip

atio

n d

oe

s no

texc

eed

49

pe

r ce

nt

4)N

one

pers

onne

lspe

cial

ists

and

tec

hnic

al

assi

stan

ts w

ith t

he a

ppro

val o

f the

In

sura

nce

Com

mis

sion

er

4) O

nly

seni

or m

anag

eria

l

~shy

1) N

one

1) N

one

(C

PC

814

04)

2)

Non

e

Act

uaria

l ser

vice

s

2) N

one

3) N

one

oth

er

than

tha

t in

dica

ted

in

3) N

o lim

itatio

n a

s lo

ng a

s fo

reig

n eq

uity

th

ehor

izon

tal s

ectio

n

part

icip

atio

n d

oe

s no

t exc

eed

49

per

ce

nt

4)N

one

pers

onne

lspe

cial

ists

and

tec

hnic

al

assi

stan

ts w

ith t

he a

ppro

val o

f the

In

sura

nce

Com

mis

sion

er

4) O

nly

seni

or m

anag

eria

l

4

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Su

I

Cro

ss-b

orde

r su

pply

~

Con

sum

ptio

n ab

road

3)

Com

mer

cial

pre

senc

e 4)

P

rese

nce

of n~

tura

l pe

rson

s

B

Ban

kin

g a

nd

Oth

er

Fin

anci

al S

erv

ice

s

Lim

ltat

ion

son

Mar

ketA

cces

s L

imit

atio

nso

nN

atio

nal

Tre

atm

ent

I

Ad

dit

ion

alC

om

mit

men

ts

Acc

epta

nce

of d

epos

its a

nd

othe

r re

paya

ble

fund

s fr

om

the

publ

ic

Lend

ing

of a

ll ty

pes

inc

ludi

ng

cons

umer

cre

dit

mor

tgag

e cr

edit

fac

torin

g an

d fin

anci

ng

of c

omm

erci

al tr

ansa

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n

Fin

anci

al l

easi

ng

Pay

men

t an

d m

on

ey

tran

smis

sion

ser

vice

s in

clud

ing

cred

it c

harg

e an

d de

bit c

ards

tr

avel

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and

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nke

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rafts

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rant

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fo

r ow

n ac

coun

t or

for

acco

unt

of c

usto

mer

s1in

th

e fo

llow

ing

(A) M

on

ey

ma

rke

t in

stru

men

ts

(B)F

orei

gn e

xcha

nge

(D)E

xcha

nge

rate

and

in

tere

st r

ate

inst

rum

ents

1)

Non

e fo

r fin

anci

al a

dvis

ory

and

finan

cial

d

ata

pro

cess

ing

Unb

ound

for

all

oth

er

serv

ices

1) N

one

2)

Non

e fo

r fin

anci

al a

dvis

ory

and

finan

cial

I2)

Non

e da

ta p

roce

ssin

g U

nbou

nd f

or

all

oth

er

serv

ices

3) a

) R

epre

sent

ativ

e of

ficeo

f ban

ks N

one

I3)

a) R

epre

sent

ativ

e of

fice

ofba

nks

Non

e b)

For

eign

ban

k br

anch

es

I N

one

for

exis

ting

fore

ign

bank

br

anch

es u

nder

pre

sent

sh

areh

oldi

ng s

truc

ture

N

ew

es

tabl

ishm

ent

is s

ubje

ct to

lic

ence

app

rove

d by

the

Min

iste

r o

f Fin

ance

with

the

co

nsen

t of t

he C

abin

et

II

AT

M o

pera

tions

per

mitt

ed

un

de

r th

e fo

llow

ing

cond

ition

s on

ly

i) jo

inin

g A

TM

poo

lsop

erat

ed b

y T

hai b

anks

o

r ii)

ope

ratio

n w

ithin

ow

n pr

emis

es

or

shar

ing

the

faci

litie

s w

ith

oth

er

com

mer

cial

ban

ks in

T

haila

nd

b) F

orei

gn b

ank

bran

ches

Non

e e

xcep

t as

indi

cate

d in

the

m

arke

t acc

ess

colu

mn

1 Th

e co

mm

itmen

ts fo

r S

ecur

ities

Com

pani

es u

nder

this

sub

sect

or a

re s

epar

atel

y lis

ted

belo

w

5

TH

AIL

AN

D

SC

HE

DU

LEO

FS

PE

CIF

ICC

OM

MIT

ME

NT

SF

OR

FIN

AN

CIA

LSE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

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Cro

ss-b

orde

r su

pply

2)

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nsu

mp

tion

ab

roa

d

3) C

omm

erci

al p

rese

nce

4

) P

rese

nce

of

natu

ral p

ers

on

s

Se

cto

rorS

ub

sect

or

Lim

itatio

nso

nM

ark

etA

cce

ss

Lim

itatio

nso

nN

atio

na

lTre

atm

en

t A

dd

itio

na

lCo

mm

itm

en

ts

(E)T

rans

fera

ble

secu

ritie

s

Par

ticip

atio

n in

iss

ues

of a

ll ki

nds

of s

ecur

ities

in

clud

ing

unde

r-w

ritin

g an

d p

lace

me

nt

as a

gent

(w

heth

er p

ublic

ly o

r pr

ivat

ely)

and

pro

visi

on o

f se

rvic

es r

elat

ed t

o s

uch

is

sues

2

III

Exi

stin

g fo

reig

n b

an

ks w

hich

al

read

y h

ad

th

e fi

rst

bran

ch o

ffic

e in

Th

aila

nd

pri

or

to J

uly

1995

will

ea

ch b

e p

erm

itte

d t

o o

pen

no

m

ore

than

tw

o a

dditi

onal

br

anch

es

IV N

on

e fo

r pa

rtic

ipat

ion

in c

hequ

e cl

eari

ng a

nd

se

ttle

me

nt s

yste

m

Ass

et m

an

ag

em

en

ea

s fo

llow

s

-ca

sh o

r po

rtfo

lio

man

agem

ent

-co

llect

ive

inve

stm

ent

man

agem

ent

-cu

stod

ian

and

depo

sito

ry s

erv

ice

s

Adv

isor

y i

nter

med

iatio

n a

nd

o

the

r au

xilia

ry f

inan

cial

se

rvic

es4

Pro

visi

on a

nd t

ran

sfe

r o

f fin

anci

al in

form

atio

n a

nd

fin

anci

al d

ata

pro

cess

ing

an

d

rela

ted

softw

are

c)

Loca

lly in

corp

ora

ted

ba

nks

I M

ark

et

acc

ess

lim

ited

to t

he

ac

quis

ition

of s

ha

res

of e

xist

ing

bank

s

II (

i) T

he

am

ou

nt o

f sha

res

held

by

pers

ons

of T

ha

i na

tiona

lity

shal

l n

ot b

e le

ss th

an

75

pe

rce

nt o

f th

e to

tal a

mo

un

t of v

otin

g sh

ares

sol

d C

om

bin

ed

sh

areh

oldi

ng o

f an

ind

ivid

ual

and

his

he

r re

late

d pe

rson

s sh

all

no

t e

xce

ed

10

pe

rce

nt o

f to

tal

nu

mb

er

of s

ha

res

sold

5

un

less

oth

erw

ise

per

mitt

ed b

y th

e B

an

k o

f Tha

iland

c)

Loca

lly in

corp

orat

ed b

an

ks

Non

e e

xce

pt a

s in

dica

ted

in t

he

m

ark

et a

cces

s co

lum

n

2 Th

e co

mm

itmen

ts fo

r S

ecur

ities

Com

pani

es u

nder

this

sub

sect

or a

re s

epar

atel

y lis

ted

belo

w

3 Th

e co

mm

itmen

ts fo

r Ass

et M

anag

emen

t Com

pani

es u

nder

this

sub

sect

or a

re s

epar

atel

y lis

ted

belo

w

4 Th

e co

mm

itmen

ts o

n In

vest

men

t Adv

isor

y fo

r S

ecur

ities

Com

pani

es u

nder

this

sub

sect

or a

re s

epar

atel

y lis

ted

belo

w

sro

tal n

umbe

r o

f sh

are

s so

ld i

nclu

de v

otin

g a

nd

no

n-v

otin

g s

ha

res

6

TH

AIL

AN

D

SC

HE

DU

LEO

FS

PE

CIF

ICC

OM

MIT

ME

NT

SF

OR

FIN

AN

CIA

LSE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

orde

r su

pply

2)

Con

sum

ptio

n ab

road

3)

Com

ll1er

cial

pre

senc

e 4)

P

rese

nce

of n

atur

al p~rsons

Se

cto

rorS

ub

sect

or

Lim

ita

tio

nso

nM

ark

etA

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ss

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ita

tio

nso

nN

ati

on

alT

rea

tme

nt

Ad

dit

ion

alC

om

mit

me

n

ts

(ii)ln

the

ca

se w

here

the

Ban

k o

f T

haila

nd d

eem

s ap

prop

riate

th

e B

ank

of T

haila

nd m

ay g

rant

pe

rmis

sion

tha

t per

sons

of n

onshy

Tha

i na

tiona

lity

hold

sha

res

up

to 4

9 p

erce

nt o

f the

tot

al

amou

nt o

f vot

ing

shar

es s

old

(iii)

In t

he c

ase

whe

re it

is

nece

ssar

y to

rec

tify

the

oper

atio

n o

r to

str

engt

hen

the

stab

ility

of

any

loca

lly

inco

rpor

ated

ban

k o

r fo

r th

e pu

rpos

e o

f the

fina

ncia

l in

stitu

tions

sys

tem

sta

bilit

y t

he

Fin

ance

Min

iste

r with

the

re

com

men

datio

n o

f the

Ban

k o

f T

haila

nd s

hall

have

the

pow

er

to r

elax

the

req

uire

men

t o

f the

sh

areh

oldi

ng o

ther

than

tho

se

pres

crib

ed in

(c)

(

ii)

Suc

h eq

uity

par

ticip

atio

n w

ill b

e au

thor

ized

for

a p

erio

d o

f up

to

10 y

ears

w

ith fo

reig

n sh

areh

olde

rs w

ho e

nter

in t

his

perio

d be

ing

gran

dfat

here

d th

erea

fter

with

res

pect

to th

e ab

solu

te a

mou

nt o

f the

ir eq

uity

ho

ldin

g

III

(i) A

t le

ast t

hree

-fou

rths

of t

he

dire

ctor

s m

ust b

e o

f Tha

i na

tiona

lity

(ii

) In

th

e c

ase

whe

re t

he B

ank

of

7

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

ord

er

supp

ly

2) C

onsu

mpt

ion

abro

ad

3) C

omm

erci

al p

rese

nce

4)

Presenc~ o

f nat

ural

-pe=

-r-s

on

s---_

_--

Sec

toro

rSu

bse

cto

r L

imit

atio

nso

nM

arke

tAcc

ess

Lim

itat

ion

son

Nat

ion

alT

reat

men

t A

dd

itio

nal

Co

mm

itm

en

ts

Tha

iland

de

em

s ap

prop

riat

e

Th

e B

ank

of T

haila

nd m

ay

perm

it a

prop

ortio

n o

f non

-Tha

i na

tiona

lity

dir

ect

ors

of m

ore

than

one

-qua

rter

s b

ut s

hall

not

reac

h on

e h

alf

of t

he

tot

al

nu

mb

er

of d

irec

tors

(ii

i) In

the

cas

e w

he

re it

is

nece

ssar

y to

rec

tify

the

op

erat

ion

or

to s

tren

gthe

n th

e st

abili

ty o

f an

y lo

cally

in

corp

orat

ed b

an

k o

r fo

r th

e pu

rpos

e o

f th

e fi

nanc

ial

inst

itutio

n sy

stem

sta

bilit

y t

he

Fin

ance

Min

iste

r w

ith t

he

re

com

men

datio

n o

f th

e B

ank

of

Tha

iland

sha

ll h

ave

th

e p

ower

to

rel

ax t

he

re

qu

ire

me

nt

of t

he

dire

ctor

ship

oth

er

than

tho

se

pres

crib

ed in

(c)

III

(ii)

abov

e

Suc

h re

laxa

tion

ma

y be

gr

ante

d w

ith r

ule

an

d t

ime

clau

se

d) F

inan

cial

leas

ing

serv

ice

s

Can

onl

y be

pro

vide

d by

lea

sing

co

mpa

nies

whi

ch a

re s

ub

ject

to

max

imum

for

eign

eq

uity

par

ticip

atio

n o

f 49

per

cent

of p

aid

-up

reg

iste

red

capi

tal

or

by f

inan

ce c

om

pa

nie

s w

hich

are

sub

ject

to

ma

xim

um

fo

reig

n eq

uity

par

ticip

atio

n o

f 25

per

ce

nt o

f pai

d-up

reg

iste

red

capi

tal

d) F

inan

cial

leas

ing

serv

ices

Non

e

8

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

orde

r su

pply

2)

Con

sum

ptio

n ab

road

3)

Com

mer

cial

pre

senc

e 4)

P

rese

nce

of n

atur

al p

erso

ns

Sec

toro

rSu

bse

cto

r L

imit

atio

nso

nM

arke

tAcc

ess

Lim

itat

ion

son

Nat

ion

alT

reat

men

t A

dd

itio

nal

Co

mm

itm

en

ts

e) F

acto

ring

serv

ices

e)

Fac

torin

g se

rvic

es

Can

onl

y b

e pr

ovid

ed b

y fa

ctor

ing

com

pani

es w

hich

are

sub

ject

to

max

imum

for

eign

equ

ity p

artic

ipat

ion

of 4

9 pe

r cen

t of

pai

d-up

reg

iste

red

capi

tal

or

by fi

nanc

e co

mpa

nies

w

hich

are

sub

ject

to m

axim

um

fore

ign

equi

ty p

artic

ipat

ion

of 2

5 pe

r ce

nt o

f pai

d-up

reg

iste

red

capi

tal

Non

e

f)

Cre

dit

char

ge a

nd d

ebit

card

s f)

Cre

dit

char

ge a

nd d

ebit

card

s

Cre

dit

char

ge a

nd d

ebit

card

s ca

n on

ly b

e pr

ovid

ed b

y co

mpa

nies

w

hich

are

sub

ject

to

max

imum

fo

reig

n eq

uity

par

ticip

atio

n o

f 49

perc

ent

of p

aid-

up r

egis

tere

d ca

pita

l or

loca

lly in

corp

orat

ed b

an

ks a

nd

fore

ign

bank

bra

nche

s

Non

e

The

con

duct

of b

usin

esse

s un

der

d)

e) a

nd f)

will

be

subj

ect t

o lic

enS

ing

and

regu

latio

ns t

o b

e an

noun

ced

4)

For

ban

ks

repr

esen

tativ

e of

fices

and

fin

ance

com

pani

es

no q

uant

itativ

e lim

it ap

plie

s fo

r A

SE

AN

nat

iona

ls

App

rova

l sha

ll be

gra

nted

bas

ed o

n fo

reig

n se

rvic

es p

rovi

ders

bus

ines

s pl

ans

and

need

s

I 4)

Non

e

9

I

TH

AIL

AN

D

SC

HE

DU

LEO

FS

PE

CIF

ICC

OM

MIT

ME

NT

SF

OR

FIN

AN

CIA

LSE

RV

ICE

SU

NO

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

orde

r su

pply

2)

Con

sum

ptio

n ab

road

3)

Com

mer

cial

pre

senc

e 4)

P

rese

nce

of

natu

ral p

erso

ns

ii

Se

cto

rorS

ub

sect

or

Li m

itatio

nso

nM

ark

etA

cce

ss i

Lim

itatio

nso

nN

atio

na

lTre

atm

en

t A

dd

itio

na

lCo

mm

itm

en

ts

For

Sec

uriti

es C

ompa

nies

5

-se

curit

ies

brok

erag

e an

d de

alin

g -

deriv

ativ

es b

roke

rage

and

de

alin

g -

secu

ritie

s bo

rrow

ing

and

lend

ing

Tra

ding

for

ow

n ac

coun

t o

r fo

r ac

coun

t of c

usto

mer

s in

th

e fo

llow

ing

(C

) de

rivat

ive

prod

ucts

inc

l

but n

ot li

mite

d to

fu

ture

s an

d op

tions

(E

) tr

ansf

erab

le s

ecur

ities

1)

Unb

ound

2)

Non

e

3)

Unb

ound

exc

ept

I F

or r

epre

sent

ativ

e of

fices

no

ne

II F

or li

cens

ed s

ecur

ities

com

pany

fo

reig

n eq

uity

par

ticip

atio

n ca

n b

e

allo

wed

up

to 1

00 p

erce

nt o

fpai

d-up

ca

pita

l

4)

As

indi

cate

d in

the

hor

izon

tal s

ectio

n

1)

Non

e

2) N

one

3) N

one

4) A

s in

dica

ted

in t

he

hor

izon

tal s

ectio

n

For

Sec

uriti

es C

ompa

nies

tl

Sec

uriti

es U

nder

writ

ing

I 1)

Unb

ound

1)

N

one

Par

ticip

atio

n in

iss

ues

of a

ll ki

nds

of s

ecur

ities

in

clud

ing

I 2)

Non

e 2)

Non

e

unde

rwrit

ing

and

plac

emen

t as

age

nts

(whe

ther

pub

licly

or

priv

atel

y) a

nd p

rovi

sion

of

serv

ices

rel

ated

to

suc

h is

sues

I 3)

Unb

ound

exc

ept

I I

For

rep

rese

ntat

ive

offic

es

none

II F

or li

cens

ed s

ecur

ities

com

pany

fo

reig

n eq

uity

par

ticip

atio

n ca

n be

al

low

ed u

p to

100

per

cent

of p

aid-

up

capi

tal

3) N

one

41A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

4)

A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

6Sec

uriti

es c

ompa

nies

mea

n se

curit

ies

com

pani

es w

hich

are

not

com

mer

cial

ban

ks a

nd in

sura

nce

com

pani

es

10

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mo

de

s o

f Sllp

plL

1) G

ross-b()

rcj~

r su

pply

2)

Con

sulT

lptio

n ab

road

3)

Com

mer

cial

pre

senc

e 4)

P

rese

nce

of

natu

ral p

erso

ns

I S

ecto

rorS

ub

sect

or

Lim

itat

ion

son

Mar

ketA

cces

s L

imit

atio

nso

nN

atio

nal

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atm

ent

Ad

dit

ion

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om

mit

men

ts

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orA

sset

Ma

na

ge

me

nt

Com

pani

es

-m

utua

l fun

d m

an

ag

em

en

t -

priv

ate

fund

ma

na

ge

me

nt

I 1)

Un

bo

un

d

1)

Non

e

-de

riva

tives

fund

m

an

ag

em

en

t I 2

) N

on

e

2)

Non

e

-ve

ntur

e ca

pita

l man

agem

ent

Ass

et

ma

na

ge

me

nt

I 3)

Un

bo

un

d e

xcep

t

I F

or

repr

esen

tativ

e of

fices

n

on

e

II F

or

ass

et m

an

ag

em

en

t com

pani

es

fore

ign

equi

ty p

artic

ipat

ion

can

be

allo

we

d u

p to

100

per

cent

ofp

aid-

up

capi

tal

How

ever

du

ring

the

firs

t fiv

e

year

saft

er th

e lic

ense

has

bee

n gr

ante

d a

t le

ast 5

0 pe

rcen

t o

f th

e

paid

-up

capi

tal o

f th

ea

sse

t m

an

ag

em

en

t com

pany

mu

st b

e h

eld

by

finan

cial

inst

itutio

nses

tabl

ishe

d u

nd

er

Tha

i la

w7

3)

Non

e

For

Sec

uriti

es C

ompa

nies

tl

4A

s in

dic

ate

d in

the

hor

izon

tal s

ectio

n

4) A

s in

dica

ted

in t

he

hor

izon

tal s

ectio

n

Adv

isor

y I

nter

med

iatio

n an

d O

the

r Aux

iliar

y F

inan

cial

I 1

) U

nb

ou

nd

1)

N

one

Ser

vice

s

Inve

stm

en

t Adv

iSO

ry

I 2

No

ne

2)

N

one

7Fin

anci

al in

stitu

tions

esta

blis

hed

unde

r Tha

i law

s in

this

sec

tion

mea

n se

curit

ies

com

pani

es

com

mer

cial

ban

ks

life

insu

ranc

e co

mpa

nies

an

d sp

ecia

lized

fina

ncia

l in

stitu

tions

est

ablis

hed

unde

r spe

cific

law

s

11

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

pl

Sec

toro

rSu

bse

cto

r

1lGr

oss-

bltl

rd~r

sup

ply

2) C

onsu

mpt

ion

abro

ad

lim

itat

ion

son

Mar

ketA

cces

s

3) C

omm

erci

al p

rese

nce

4)

Pre

senc

e o

f nat

ural

per

sons

lim

itat

ion

son

Nat

ion

alT

reat

men

t A

dd

itio

nal

Co

mm

itm

en

ts

3)

Unb

ound

exc

ept

I F

or r

epre

sent

ativ

e of

fices

no

ne

3)

Non

e

II F

or s

ecur

ities

com

pani

es

a)

fore

ign

equi

ty p

artic

ipat

ion

can

be a

llow

ed u

p to

100

per

cent

o

f pai

d-up

cap

ital

b)

Lice

nse

may

be

gra

nted

to

finan

cial

inst

itutio

ns li

cens

ed

unde

r T

hai L

aws

and

a li

mite

d co

mpa

ny w

hich

is n

ewly

es

tabl

ishe

d

4)A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

4)

A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

Oth

er a

uxili

ary

finan

cial

se

rvic

es

Cre

dit c

ard

serv

ices

(C

PC

811

33)

(Mob

ilizi

ng f

unds

from

the

pu

blic

is p

rohi

bite

d u

nles

s lic

ense

d un

der

a fin

anci

al

law

)

1) N

one

2) N

one

3) a

) A

s in

dica

ted

in B

3)(

h)

abov

e

b)

Fin

anci

al in

stitu

tions

mus

t obt

ain

prio

r ap

prov

al f

rom

the

Ban

k of

T

haila

nd

1) N

one

2) N

one

3) N

o lim

itatio

n as

long

as

fore

ign

equi

ty

part

icip

atio

n do

es n

ot e

xcee

d 49

per

ce

nt

4) A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

4) N

one

12

--

TH

AIL

AN

D

S

CH

ED

ULE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IALS

ER

VIC

ES

UN

DE

RA

FA

S

-_ -

-__

__

--

-__

__ -_

--

--

_

_

_

_ _

_---

__

-_

_

-_

_

-__

_-

_

-_

--

_

_-_

_--__

--_

-

Se

cto

rorS

ub

sect

or

Lim

ita

tio

nso

nM

ark

etA

cce

ss

Lim

ita

tio

nso

nN

ati

on

alT

rea

tme

nt

Ad

dit

lon

alC

om

mlt

me

n

ts

Fin

anci

al c

onsu

ltanc

y se

rvic

es

(CP

C 8

1332

)

1) U

nbou

nd

2) N

one

3) N

one

othe

r th

an t

hat

indi

cate

d in

the

ho

rizon

tal s

ectio

n

4)

As

indi

cate

d in

the

hor

izon

tal s

ectio

n

1) N

one

2) N

one

3) N

o lim

itatio

n as

long

as

fore

ign

equi

ty

part

icip

atio

n do

es n

ot e

xcee

d 4

9 p

er

cent

4)

Non

e

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----YO--shy

~~------------------~----~--------------------~--------------------~

Pro

toco

l to

Imp

lem

en

t th

e S

ixth

Pac

kage

of C

om

mit

me

nt o

n F

ina

nci

al S

erv

ice

s

un

de

r th

e A

SE

AN

Fra

me

wo

rk A

gre

em

en

t on

Se

rvic

es

TH

AIL

AN

D

SC

HE

DU

LE O

F S

PE

CIF

IC S

ER

VIC

ES

CO

MM

ITM

EN

TS

TH

AIL

AN

D

SC

HE

DU

LEO

FS

PE

CIF

ICC

OM

MIT

ME

NT

SF

OR

FIN

AN

CIA

LSE

RV

ICE

SU

ND

ER

AF

AS

Mo

de

s o

f Sup

ply

1)

Gro

ss-b

ord

er

sup

ply

2)

Co

nsu

mp

tio

n a

bro

ad

3)

G()mmer~ii31

pr(

se

nce

4)

presell~e (

)f n

atu

ral p

ers

on

s

Se

cto

rorS

ub

sect

or

Lim

ita

tio

nso

nM

ark

etA

cce

ss

Lim

itatio

nso

nN

atlo

na

lTre

atm

en

t I

Ad

dit

lon

alC

om

mit

me

n

ts

A

Insu

ran

ce in

clu

din

g

rein

sura

nce

an

d

retr

oce

ssio

n

life

insu

ran

ce s

erv

ice

s(C

PC

8

12

11

) 1)

No

ne

2) N

on

e

3) a

) F

ore

ign

eq

uity

pa

rtic

ipa

tion

lim

ited

to

2

5 p

er

cen

t o

f re

gis

tere

d s

ha

re

capi

tal

b) N

ew

est

ab

lish

me

nt

is s

ub

ject

to

lice

nce

ap

pro

ved

by

the

Min

iste

r with

th

e c

on

sen

t of t

he

Ca

bin

et

4) O

nly

se

nio

r m

an

ag

eri

al p

ers

on

ne

l sp

eci

alis

ts a

nd

te

chn

ica

l a

ssis

tan

ts w

ith

the

ap

pro

val o

f th

e I

nsu

ran

ce

Co

mm

issi

on

er

1) N

on

e

2)

life

insu

ran

ce p

rem

ium

is t

ax

de

du

ctib

le u

p to

a c

erta

in a

mo

un

t fo

r h

old

ers

of p

olic

ies

issu

ed

by

loca

l co

mp

an

ies

I 3)

No

ne

I 4)

No

ne

No

n-l

ife in

sura

nce

se

rvic

es

(CP

C 8

12

9)

1) U

nb

ou

nd

exc

ep

t fo

r in

tern

atio

na

l m

ari

ne

a

via

tion

an

d t

ran

sit

an

d a

ll cl

ass

es

of

rein

sura

nce

2)

No

ne

3) a

) F

ore

ign

eq

uity

pa

rtic

ipa

tion

lim

ited

to

2

5 p

erc

en

t of r

eg

iste

red

sh

are

ca

pita

l

1) U

nb

ou

nd

I 2)

No

ne

I 3)

No

ne

2

-1

TH

AIL

AN

D

SC

HE

DU

LEO

FS

PE

CIF

ICC

OM

MIT

ME

NT

SF

OR

FIN

AN

CIA

LSE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

1

Cro

ss-b

orde

r su

pply

2

) C

onsu

mpt

ion

abro

ad

3) C

omm

erci

al p

rese

nce

4)

Pre

senc

e o

f nat

ural

per

sons

Se

cto

rorS

ub

sect

or

Lim

ita

tio

nso

nM

ark

etA

cce

ss

Lim

itatio

nso

nN

atio

na

lTre

atm

en

t I A

dd

itio

na

lCo

mm

itme

n

ts

Ser

vice

s au

xilia

ry to

in

sura

nce

(exc

ludi

ng p

ensi

on

fund

ing

serv

ices

)

Insu

ranc

e br

okin

g an

d ag

ency

ser

vice

s (C

PC

814

01)(

Bro

kers

sha

ll n

ot i

nduc

e a

dvis

e o

r do

any

a

cts

so a

s to

cau

se a

ny

pers

on t

o en

ter

into

insu

ranc

e co

ntra

cts

with

ins

urer

s ab

road

ex

cept

for

rein

sura

nce

cont

ract

s)

Insu

ranc

e co

nsul

tanc

y se

rvic

es

(CP

C 8

1402

)

b)

New

est

ablis

hmen

t is

sub

ject

to

licen

se a

ppro

ved

by

the

Min

iste

r w

ith

the

cons

ent o

f the

Cab

inet

4) O

nly

seni

or m

anag

eria

l per

sonn

el

spec

ialis

ts a

nd t

echn

ical

ass

ista

nts

with

th

e ap

prov

al o

f the

Ins

uran

ce

Com

mis

sion

er

1) U

nbou

nd

2) U

nbou

nd

3)

For

eign

equ

ity p

artic

ipat

ion

not

to

exce

ed 4

9 pe

r ce

nt

4) a

) O

nly

seni

or m

anag

eria

l per

sonn

el

spec

ialis

ts a

nd t

echn

ical

ass

ista

nts

with

the

app

rova

l of t

he I

nsur

ance

C

omm

issi

oner

b)

U

nbou

nd f

or in

divi

dual

bro

ker

and

agen

t

1) N

one

2) N

one

3) N

one

oth

er t

han

that

indi

cate

d in

the

ho

rizo

jltal

sec

tion

4 O

nly

seni

or m

anag

eria

l per

sonn

el

spec

ialis

ts a

nd t

echn

ical

ass

ista

nts

with

th

e ap

prov

al o

f the

Ins

uran

ce

I 4)

Non

e

1) U

nbou

nd

2) U

nbou

nd

3) N

o lim

itatio

n a

s lo

ng a

s fo

reig

n eq

uity

pa

rtic

ipat

ion

does

not

exc

eed

49

pe

r ce

nt

4) N

one

1) N

one

2) N

one

3) N

o lim

itatio

n as

long

as

fore

ign

equi

ty

part

icip

atio

n d

oe

s no

t exc

eed

49 p

er

cent

4) N

one

3

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

orde

r su

pply

2)

Con

sum

ptio

n ab

road

4

I

Se

cto

rorS

ub

sect

or

Lim

itatio

nso

nM

ark

etA

cce

ss

Ad

dit

ion

alC

om

mit

me

n

ts

1) N

one

se

rvic

es(C

PC

814

03)

2)

Non

e

Ave

rage

and

loss

adj

ustm

ent

I 1)

Non

e

2)

Non

e

3) N

one

oth

er t

han

that

indi

cate

d in

3)

No

limita

tion

as lo

ng a

s fo

reig

n eq

uity

th

ehor

izon

tal s

ectio

n

part

icip

atio

n d

oe

s no

texc

eed

49

pe

r ce

nt

4)N

one

pers

onne

lspe

cial

ists

and

tec

hnic

al

assi

stan

ts w

ith t

he a

ppro

val o

f the

In

sura

nce

Com

mis

sion

er

4) O

nly

seni

or m

anag

eria

l

~shy

1) N

one

1) N

one

(C

PC

814

04)

2)

Non

e

Act

uaria

l ser

vice

s

2) N

one

3) N

one

oth

er

than

tha

t in

dica

ted

in

3) N

o lim

itatio

n a

s lo

ng a

s fo

reig

n eq

uity

th

ehor

izon

tal s

ectio

n

part

icip

atio

n d

oe

s no

t exc

eed

49

per

ce

nt

4)N

one

pers

onne

lspe

cial

ists

and

tec

hnic

al

assi

stan

ts w

ith t

he a

ppro

val o

f the

In

sura

nce

Com

mis

sion

er

4) O

nly

seni

or m

anag

eria

l

4

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Su

I

Cro

ss-b

orde

r su

pply

~

Con

sum

ptio

n ab

road

3)

Com

mer

cial

pre

senc

e 4)

P

rese

nce

of n~

tura

l pe

rson

s

B

Ban

kin

g a

nd

Oth

er

Fin

anci

al S

erv

ice

s

Lim

ltat

ion

son

Mar

ketA

cces

s L

imit

atio

nso

nN

atio

nal

Tre

atm

ent

I

Ad

dit

ion

alC

om

mit

men

ts

Acc

epta

nce

of d

epos

its a

nd

othe

r re

paya

ble

fund

s fr

om

the

publ

ic

Lend

ing

of a

ll ty

pes

inc

ludi

ng

cons

umer

cre

dit

mor

tgag

e cr

edit

fac

torin

g an

d fin

anci

ng

of c

omm

erci

al tr

ansa

ctio

n

Fin

anci

al l

easi

ng

Pay

men

t an

d m

on

ey

tran

smis

sion

ser

vice

s in

clud

ing

cred

it c

harg

e an

d de

bit c

ards

tr

avel

ers

cheq

ues

and

ba

nke

rs d

rafts

Gua

rant

ees

and

com

mitm

ents

Tra

ding

fo

r ow

n ac

coun

t or

for

acco

unt

of c

usto

mer

s1in

th

e fo

llow

ing

(A) M

on

ey

ma

rke

t in

stru

men

ts

(B)F

orei

gn e

xcha

nge

(D)E

xcha

nge

rate

and

in

tere

st r

ate

inst

rum

ents

1)

Non

e fo

r fin

anci

al a

dvis

ory

and

finan

cial

d

ata

pro

cess

ing

Unb

ound

for

all

oth

er

serv

ices

1) N

one

2)

Non

e fo

r fin

anci

al a

dvis

ory

and

finan

cial

I2)

Non

e da

ta p

roce

ssin

g U

nbou

nd f

or

all

oth

er

serv

ices

3) a

) R

epre

sent

ativ

e of

ficeo

f ban

ks N

one

I3)

a) R

epre

sent

ativ

e of

fice

ofba

nks

Non

e b)

For

eign

ban

k br

anch

es

I N

one

for

exis

ting

fore

ign

bank

br

anch

es u

nder

pre

sent

sh

areh

oldi

ng s

truc

ture

N

ew

es

tabl

ishm

ent

is s

ubje

ct to

lic

ence

app

rove

d by

the

Min

iste

r o

f Fin

ance

with

the

co

nsen

t of t

he C

abin

et

II

AT

M o

pera

tions

per

mitt

ed

un

de

r th

e fo

llow

ing

cond

ition

s on

ly

i) jo

inin

g A

TM

poo

lsop

erat

ed b

y T

hai b

anks

o

r ii)

ope

ratio

n w

ithin

ow

n pr

emis

es

or

shar

ing

the

faci

litie

s w

ith

oth

er

com

mer

cial

ban

ks in

T

haila

nd

b) F

orei

gn b

ank

bran

ches

Non

e e

xcep

t as

indi

cate

d in

the

m

arke

t acc

ess

colu

mn

1 Th

e co

mm

itmen

ts fo

r S

ecur

ities

Com

pani

es u

nder

this

sub

sect

or a

re s

epar

atel

y lis

ted

belo

w

5

TH

AIL

AN

D

SC

HE

DU

LEO

FS

PE

CIF

ICC

OM

MIT

ME

NT

SF

OR

FIN

AN

CIA

LSE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

orde

r su

pply

2)

Co

nsu

mp

tion

ab

roa

d

3) C

omm

erci

al p

rese

nce

4

) P

rese

nce

of

natu

ral p

ers

on

s

Se

cto

rorS

ub

sect

or

Lim

itatio

nso

nM

ark

etA

cce

ss

Lim

itatio

nso

nN

atio

na

lTre

atm

en

t A

dd

itio

na

lCo

mm

itm

en

ts

(E)T

rans

fera

ble

secu

ritie

s

Par

ticip

atio

n in

iss

ues

of a

ll ki

nds

of s

ecur

ities

in

clud

ing

unde

r-w

ritin

g an

d p

lace

me

nt

as a

gent

(w

heth

er p

ublic

ly o

r pr

ivat

ely)

and

pro

visi

on o

f se

rvic

es r

elat

ed t

o s

uch

is

sues

2

III

Exi

stin

g fo

reig

n b

an

ks w

hich

al

read

y h

ad

th

e fi

rst

bran

ch o

ffic

e in

Th

aila

nd

pri

or

to J

uly

1995

will

ea

ch b

e p

erm

itte

d t

o o

pen

no

m

ore

than

tw

o a

dditi

onal

br

anch

es

IV N

on

e fo

r pa

rtic

ipat

ion

in c

hequ

e cl

eari

ng a

nd

se

ttle

me

nt s

yste

m

Ass

et m

an

ag

em

en

ea

s fo

llow

s

-ca

sh o

r po

rtfo

lio

man

agem

ent

-co

llect

ive

inve

stm

ent

man

agem

ent

-cu

stod

ian

and

depo

sito

ry s

erv

ice

s

Adv

isor

y i

nter

med

iatio

n a

nd

o

the

r au

xilia

ry f

inan

cial

se

rvic

es4

Pro

visi

on a

nd t

ran

sfe

r o

f fin

anci

al in

form

atio

n a

nd

fin

anci

al d

ata

pro

cess

ing

an

d

rela

ted

softw

are

c)

Loca

lly in

corp

ora

ted

ba

nks

I M

ark

et

acc

ess

lim

ited

to t

he

ac

quis

ition

of s

ha

res

of e

xist

ing

bank

s

II (

i) T

he

am

ou

nt o

f sha

res

held

by

pers

ons

of T

ha

i na

tiona

lity

shal

l n

ot b

e le

ss th

an

75

pe

rce

nt o

f th

e to

tal a

mo

un

t of v

otin

g sh

ares

sol

d C

om

bin

ed

sh

areh

oldi

ng o

f an

ind

ivid

ual

and

his

he

r re

late

d pe

rson

s sh

all

no

t e

xce

ed

10

pe

rce

nt o

f to

tal

nu

mb

er

of s

ha

res

sold

5

un

less

oth

erw

ise

per

mitt

ed b

y th

e B

an

k o

f Tha

iland

c)

Loca

lly in

corp

orat

ed b

an

ks

Non

e e

xce

pt a

s in

dica

ted

in t

he

m

ark

et a

cces

s co

lum

n

2 Th

e co

mm

itmen

ts fo

r S

ecur

ities

Com

pani

es u

nder

this

sub

sect

or a

re s

epar

atel

y lis

ted

belo

w

3 Th

e co

mm

itmen

ts fo

r Ass

et M

anag

emen

t Com

pani

es u

nder

this

sub

sect

or a

re s

epar

atel

y lis

ted

belo

w

4 Th

e co

mm

itmen

ts o

n In

vest

men

t Adv

isor

y fo

r S

ecur

ities

Com

pani

es u

nder

this

sub

sect

or a

re s

epar

atel

y lis

ted

belo

w

sro

tal n

umbe

r o

f sh

are

s so

ld i

nclu

de v

otin

g a

nd

no

n-v

otin

g s

ha

res

6

TH

AIL

AN

D

SC

HE

DU

LEO

FS

PE

CIF

ICC

OM

MIT

ME

NT

SF

OR

FIN

AN

CIA

LSE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

orde

r su

pply

2)

Con

sum

ptio

n ab

road

3)

Com

ll1er

cial

pre

senc

e 4)

P

rese

nce

of n

atur

al p~rsons

Se

cto

rorS

ub

sect

or

Lim

ita

tio

nso

nM

ark

etA

cce

ss

Lim

ita

tio

nso

nN

ati

on

alT

rea

tme

nt

Ad

dit

ion

alC

om

mit

me

n

ts

(ii)ln

the

ca

se w

here

the

Ban

k o

f T

haila

nd d

eem

s ap

prop

riate

th

e B

ank

of T

haila

nd m

ay g

rant

pe

rmis

sion

tha

t per

sons

of n

onshy

Tha

i na

tiona

lity

hold

sha

res

up

to 4

9 p

erce

nt o

f the

tot

al

amou

nt o

f vot

ing

shar

es s

old

(iii)

In t

he c

ase

whe

re it

is

nece

ssar

y to

rec

tify

the

oper

atio

n o

r to

str

engt

hen

the

stab

ility

of

any

loca

lly

inco

rpor

ated

ban

k o

r fo

r th

e pu

rpos

e o

f the

fina

ncia

l in

stitu

tions

sys

tem

sta

bilit

y t

he

Fin

ance

Min

iste

r with

the

re

com

men

datio

n o

f the

Ban

k o

f T

haila

nd s

hall

have

the

pow

er

to r

elax

the

req

uire

men

t o

f the

sh

areh

oldi

ng o

ther

than

tho

se

pres

crib

ed in

(c)

(

ii)

Suc

h eq

uity

par

ticip

atio

n w

ill b

e au

thor

ized

for

a p

erio

d o

f up

to

10 y

ears

w

ith fo

reig

n sh

areh

olde

rs w

ho e

nter

in t

his

perio

d be

ing

gran

dfat

here

d th

erea

fter

with

res

pect

to th

e ab

solu

te a

mou

nt o

f the

ir eq

uity

ho

ldin

g

III

(i) A

t le

ast t

hree

-fou

rths

of t

he

dire

ctor

s m

ust b

e o

f Tha

i na

tiona

lity

(ii

) In

th

e c

ase

whe

re t

he B

ank

of

7

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

ord

er

supp

ly

2) C

onsu

mpt

ion

abro

ad

3) C

omm

erci

al p

rese

nce

4)

Presenc~ o

f nat

ural

-pe=

-r-s

on

s---_

_--

Sec

toro

rSu

bse

cto

r L

imit

atio

nso

nM

arke

tAcc

ess

Lim

itat

ion

son

Nat

ion

alT

reat

men

t A

dd

itio

nal

Co

mm

itm

en

ts

Tha

iland

de

em

s ap

prop

riat

e

Th

e B

ank

of T

haila

nd m

ay

perm

it a

prop

ortio

n o

f non

-Tha

i na

tiona

lity

dir

ect

ors

of m

ore

than

one

-qua

rter

s b

ut s

hall

not

reac

h on

e h

alf

of t

he

tot

al

nu

mb

er

of d

irec

tors

(ii

i) In

the

cas

e w

he

re it

is

nece

ssar

y to

rec

tify

the

op

erat

ion

or

to s

tren

gthe

n th

e st

abili

ty o

f an

y lo

cally

in

corp

orat

ed b

an

k o

r fo

r th

e pu

rpos

e o

f th

e fi

nanc

ial

inst

itutio

n sy

stem

sta

bilit

y t

he

Fin

ance

Min

iste

r w

ith t

he

re

com

men

datio

n o

f th

e B

ank

of

Tha

iland

sha

ll h

ave

th

e p

ower

to

rel

ax t

he

re

qu

ire

me

nt

of t

he

dire

ctor

ship

oth

er

than

tho

se

pres

crib

ed in

(c)

III

(ii)

abov

e

Suc

h re

laxa

tion

ma

y be

gr

ante

d w

ith r

ule

an

d t

ime

clau

se

d) F

inan

cial

leas

ing

serv

ice

s

Can

onl

y be

pro

vide

d by

lea

sing

co

mpa

nies

whi

ch a

re s

ub

ject

to

max

imum

for

eign

eq

uity

par

ticip

atio

n o

f 49

per

cent

of p

aid

-up

reg

iste

red

capi

tal

or

by f

inan

ce c

om

pa

nie

s w

hich

are

sub

ject

to

ma

xim

um

fo

reig

n eq

uity

par

ticip

atio

n o

f 25

per

ce

nt o

f pai

d-up

reg

iste

red

capi

tal

d) F

inan

cial

leas

ing

serv

ices

Non

e

8

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

orde

r su

pply

2)

Con

sum

ptio

n ab

road

3)

Com

mer

cial

pre

senc

e 4)

P

rese

nce

of n

atur

al p

erso

ns

Sec

toro

rSu

bse

cto

r L

imit

atio

nso

nM

arke

tAcc

ess

Lim

itat

ion

son

Nat

ion

alT

reat

men

t A

dd

itio

nal

Co

mm

itm

en

ts

e) F

acto

ring

serv

ices

e)

Fac

torin

g se

rvic

es

Can

onl

y b

e pr

ovid

ed b

y fa

ctor

ing

com

pani

es w

hich

are

sub

ject

to

max

imum

for

eign

equ

ity p

artic

ipat

ion

of 4

9 pe

r cen

t of

pai

d-up

reg

iste

red

capi

tal

or

by fi

nanc

e co

mpa

nies

w

hich

are

sub

ject

to m

axim

um

fore

ign

equi

ty p

artic

ipat

ion

of 2

5 pe

r ce

nt o

f pai

d-up

reg

iste

red

capi

tal

Non

e

f)

Cre

dit

char

ge a

nd d

ebit

card

s f)

Cre

dit

char

ge a

nd d

ebit

card

s

Cre

dit

char

ge a

nd d

ebit

card

s ca

n on

ly b

e pr

ovid

ed b

y co

mpa

nies

w

hich

are

sub

ject

to

max

imum

fo

reig

n eq

uity

par

ticip

atio

n o

f 49

perc

ent

of p

aid-

up r

egis

tere

d ca

pita

l or

loca

lly in

corp

orat

ed b

an

ks a

nd

fore

ign

bank

bra

nche

s

Non

e

The

con

duct

of b

usin

esse

s un

der

d)

e) a

nd f)

will

be

subj

ect t

o lic

enS

ing

and

regu

latio

ns t

o b

e an

noun

ced

4)

For

ban

ks

repr

esen

tativ

e of

fices

and

fin

ance

com

pani

es

no q

uant

itativ

e lim

it ap

plie

s fo

r A

SE

AN

nat

iona

ls

App

rova

l sha

ll be

gra

nted

bas

ed o

n fo

reig

n se

rvic

es p

rovi

ders

bus

ines

s pl

ans

and

need

s

I 4)

Non

e

9

I

TH

AIL

AN

D

SC

HE

DU

LEO

FS

PE

CIF

ICC

OM

MIT

ME

NT

SF

OR

FIN

AN

CIA

LSE

RV

ICE

SU

NO

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

orde

r su

pply

2)

Con

sum

ptio

n ab

road

3)

Com

mer

cial

pre

senc

e 4)

P

rese

nce

of

natu

ral p

erso

ns

ii

Se

cto

rorS

ub

sect

or

Li m

itatio

nso

nM

ark

etA

cce

ss i

Lim

itatio

nso

nN

atio

na

lTre

atm

en

t A

dd

itio

na

lCo

mm

itm

en

ts

For

Sec

uriti

es C

ompa

nies

5

-se

curit

ies

brok

erag

e an

d de

alin

g -

deriv

ativ

es b

roke

rage

and

de

alin

g -

secu

ritie

s bo

rrow

ing

and

lend

ing

Tra

ding

for

ow

n ac

coun

t o

r fo

r ac

coun

t of c

usto

mer

s in

th

e fo

llow

ing

(C

) de

rivat

ive

prod

ucts

inc

l

but n

ot li

mite

d to

fu

ture

s an

d op

tions

(E

) tr

ansf

erab

le s

ecur

ities

1)

Unb

ound

2)

Non

e

3)

Unb

ound

exc

ept

I F

or r

epre

sent

ativ

e of

fices

no

ne

II F

or li

cens

ed s

ecur

ities

com

pany

fo

reig

n eq

uity

par

ticip

atio

n ca

n b

e

allo

wed

up

to 1

00 p

erce

nt o

fpai

d-up

ca

pita

l

4)

As

indi

cate

d in

the

hor

izon

tal s

ectio

n

1)

Non

e

2) N

one

3) N

one

4) A

s in

dica

ted

in t

he

hor

izon

tal s

ectio

n

For

Sec

uriti

es C

ompa

nies

tl

Sec

uriti

es U

nder

writ

ing

I 1)

Unb

ound

1)

N

one

Par

ticip

atio

n in

iss

ues

of a

ll ki

nds

of s

ecur

ities

in

clud

ing

I 2)

Non

e 2)

Non

e

unde

rwrit

ing

and

plac

emen

t as

age

nts

(whe

ther

pub

licly

or

priv

atel

y) a

nd p

rovi

sion

of

serv

ices

rel

ated

to

suc

h is

sues

I 3)

Unb

ound

exc

ept

I I

For

rep

rese

ntat

ive

offic

es

none

II F

or li

cens

ed s

ecur

ities

com

pany

fo

reig

n eq

uity

par

ticip

atio

n ca

n be

al

low

ed u

p to

100

per

cent

of p

aid-

up

capi

tal

3) N

one

41A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

4)

A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

6Sec

uriti

es c

ompa

nies

mea

n se

curit

ies

com

pani

es w

hich

are

not

com

mer

cial

ban

ks a

nd in

sura

nce

com

pani

es

10

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mo

de

s o

f Sllp

plL

1) G

ross-b()

rcj~

r su

pply

2)

Con

sulT

lptio

n ab

road

3)

Com

mer

cial

pre

senc

e 4)

P

rese

nce

of

natu

ral p

erso

ns

I S

ecto

rorS

ub

sect

or

Lim

itat

ion

son

Mar

ketA

cces

s L

imit

atio

nso

nN

atio

nal

Tre

atm

ent

Ad

dit

ion

alC

om

mit

men

ts

F

orA

sset

Ma

na

ge

me

nt

Com

pani

es

-m

utua

l fun

d m

an

ag

em

en

t -

priv

ate

fund

ma

na

ge

me

nt

I 1)

Un

bo

un

d

1)

Non

e

-de

riva

tives

fund

m

an

ag

em

en

t I 2

) N

on

e

2)

Non

e

-ve

ntur

e ca

pita

l man

agem

ent

Ass

et

ma

na

ge

me

nt

I 3)

Un

bo

un

d e

xcep

t

I F

or

repr

esen

tativ

e of

fices

n

on

e

II F

or

ass

et m

an

ag

em

en

t com

pani

es

fore

ign

equi

ty p

artic

ipat

ion

can

be

allo

we

d u

p to

100

per

cent

ofp

aid-

up

capi

tal

How

ever

du

ring

the

firs

t fiv

e

year

saft

er th

e lic

ense

has

bee

n gr

ante

d a

t le

ast 5

0 pe

rcen

t o

f th

e

paid

-up

capi

tal o

f th

ea

sse

t m

an

ag

em

en

t com

pany

mu

st b

e h

eld

by

finan

cial

inst

itutio

nses

tabl

ishe

d u

nd

er

Tha

i la

w7

3)

Non

e

For

Sec

uriti

es C

ompa

nies

tl

4A

s in

dic

ate

d in

the

hor

izon

tal s

ectio

n

4) A

s in

dica

ted

in t

he

hor

izon

tal s

ectio

n

Adv

isor

y I

nter

med

iatio

n an

d O

the

r Aux

iliar

y F

inan

cial

I 1

) U

nb

ou

nd

1)

N

one

Ser

vice

s

Inve

stm

en

t Adv

iSO

ry

I 2

No

ne

2)

N

one

7Fin

anci

al in

stitu

tions

esta

blis

hed

unde

r Tha

i law

s in

this

sec

tion

mea

n se

curit

ies

com

pani

es

com

mer

cial

ban

ks

life

insu

ranc

e co

mpa

nies

an

d sp

ecia

lized

fina

ncia

l in

stitu

tions

est

ablis

hed

unde

r spe

cific

law

s

11

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

pl

Sec

toro

rSu

bse

cto

r

1lGr

oss-

bltl

rd~r

sup

ply

2) C

onsu

mpt

ion

abro

ad

lim

itat

ion

son

Mar

ketA

cces

s

3) C

omm

erci

al p

rese

nce

4)

Pre

senc

e o

f nat

ural

per

sons

lim

itat

ion

son

Nat

ion

alT

reat

men

t A

dd

itio

nal

Co

mm

itm

en

ts

3)

Unb

ound

exc

ept

I F

or r

epre

sent

ativ

e of

fices

no

ne

3)

Non

e

II F

or s

ecur

ities

com

pani

es

a)

fore

ign

equi

ty p

artic

ipat

ion

can

be a

llow

ed u

p to

100

per

cent

o

f pai

d-up

cap

ital

b)

Lice

nse

may

be

gra

nted

to

finan

cial

inst

itutio

ns li

cens

ed

unde

r T

hai L

aws

and

a li

mite

d co

mpa

ny w

hich

is n

ewly

es

tabl

ishe

d

4)A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

4)

A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

Oth

er a

uxili

ary

finan

cial

se

rvic

es

Cre

dit c

ard

serv

ices

(C

PC

811

33)

(Mob

ilizi

ng f

unds

from

the

pu

blic

is p

rohi

bite

d u

nles

s lic

ense

d un

der

a fin

anci

al

law

)

1) N

one

2) N

one

3) a

) A

s in

dica

ted

in B

3)(

h)

abov

e

b)

Fin

anci

al in

stitu

tions

mus

t obt

ain

prio

r ap

prov

al f

rom

the

Ban

k of

T

haila

nd

1) N

one

2) N

one

3) N

o lim

itatio

n as

long

as

fore

ign

equi

ty

part

icip

atio

n do

es n

ot e

xcee

d 49

per

ce

nt

4) A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

4) N

one

12

--

TH

AIL

AN

D

S

CH

ED

ULE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IALS

ER

VIC

ES

UN

DE

RA

FA

S

-_ -

-__

__

--

-__

__ -_

--

--

_

_

_

_ _

_---

__

-_

_

-_

_

-__

_-

_

-_

--

_

_-_

_--__

--_

-

Se

cto

rorS

ub

sect

or

Lim

ita

tio

nso

nM

ark

etA

cce

ss

Lim

ita

tio

nso

nN

ati

on

alT

rea

tme

nt

Ad

dit

lon

alC

om

mlt

me

n

ts

Fin

anci

al c

onsu

ltanc

y se

rvic

es

(CP

C 8

1332

)

1) U

nbou

nd

2) N

one

3) N

one

othe

r th

an t

hat

indi

cate

d in

the

ho

rizon

tal s

ectio

n

4)

As

indi

cate

d in

the

hor

izon

tal s

ectio

n

1) N

one

2) N

one

3) N

o lim

itatio

n as

long

as

fore

ign

equi

ty

part

icip

atio

n do

es n

ot e

xcee

d 4

9 p

er

cent

4)

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e

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411 J


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bull I

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5 ~ ~ j shy -raquo~~--------------------------4-------+---------~----------------~------------------------------

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----YO--shy

~~------------------~----~--------------------~--------------------~

Pro

toco

l to

Imp

lem

en

t th

e S

ixth

Pac

kage

of C

om

mit

me

nt o

n F

ina

nci

al S

erv

ice

s

un

de

r th

e A

SE

AN

Fra

me

wo

rk A

gre

em

en

t on

Se

rvic

es

TH

AIL

AN

D

SC

HE

DU

LE O

F S

PE

CIF

IC S

ER

VIC

ES

CO

MM

ITM

EN

TS

TH

AIL

AN

D

SC

HE

DU

LEO

FS

PE

CIF

ICC

OM

MIT

ME

NT

SF

OR

FIN

AN

CIA

LSE

RV

ICE

SU

ND

ER

AF

AS

Mo

de

s o

f Sup

ply

1)

Gro

ss-b

ord

er

sup

ply

2)

Co

nsu

mp

tio

n a

bro

ad

3)

G()mmer~ii31

pr(

se

nce

4)

presell~e (

)f n

atu

ral p

ers

on

s

Se

cto

rorS

ub

sect

or

Lim

ita

tio

nso

nM

ark

etA

cce

ss

Lim

itatio

nso

nN

atlo

na

lTre

atm

en

t I

Ad

dit

lon

alC

om

mit

me

n

ts

A

Insu

ran

ce in

clu

din

g

rein

sura

nce

an

d

retr

oce

ssio

n

life

insu

ran

ce s

erv

ice

s(C

PC

8

12

11

) 1)

No

ne

2) N

on

e

3) a

) F

ore

ign

eq

uity

pa

rtic

ipa

tion

lim

ited

to

2

5 p

er

cen

t o

f re

gis

tere

d s

ha

re

capi

tal

b) N

ew

est

ab

lish

me

nt

is s

ub

ject

to

lice

nce

ap

pro

ved

by

the

Min

iste

r with

th

e c

on

sen

t of t

he

Ca

bin

et

4) O

nly

se

nio

r m

an

ag

eri

al p

ers

on

ne

l sp

eci

alis

ts a

nd

te

chn

ica

l a

ssis

tan

ts w

ith

the

ap

pro

val o

f th

e I

nsu

ran

ce

Co

mm

issi

on

er

1) N

on

e

2)

life

insu

ran

ce p

rem

ium

is t

ax

de

du

ctib

le u

p to

a c

erta

in a

mo

un

t fo

r h

old

ers

of p

olic

ies

issu

ed

by

loca

l co

mp

an

ies

I 3)

No

ne

I 4)

No

ne

No

n-l

ife in

sura

nce

se

rvic

es

(CP

C 8

12

9)

1) U

nb

ou

nd

exc

ep

t fo

r in

tern

atio

na

l m

ari

ne

a

via

tion

an

d t

ran

sit

an

d a

ll cl

ass

es

of

rein

sura

nce

2)

No

ne

3) a

) F

ore

ign

eq

uity

pa

rtic

ipa

tion

lim

ited

to

2

5 p

erc

en

t of r

eg

iste

red

sh

are

ca

pita

l

1) U

nb

ou

nd

I 2)

No

ne

I 3)

No

ne

2

-1

TH

AIL

AN

D

SC

HE

DU

LEO

FS

PE

CIF

ICC

OM

MIT

ME

NT

SF

OR

FIN

AN

CIA

LSE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

1

Cro

ss-b

orde

r su

pply

2

) C

onsu

mpt

ion

abro

ad

3) C

omm

erci

al p

rese

nce

4)

Pre

senc

e o

f nat

ural

per

sons

Se

cto

rorS

ub

sect

or

Lim

ita

tio

nso

nM

ark

etA

cce

ss

Lim

itatio

nso

nN

atio

na

lTre

atm

en

t I A

dd

itio

na

lCo

mm

itme

n

ts

Ser

vice

s au

xilia

ry to

in

sura

nce

(exc

ludi

ng p

ensi

on

fund

ing

serv

ices

)

Insu

ranc

e br

okin

g an

d ag

ency

ser

vice

s (C

PC

814

01)(

Bro

kers

sha

ll n

ot i

nduc

e a

dvis

e o

r do

any

a

cts

so a

s to

cau

se a

ny

pers

on t

o en

ter

into

insu

ranc

e co

ntra

cts

with

ins

urer

s ab

road

ex

cept

for

rein

sura

nce

cont

ract

s)

Insu

ranc

e co

nsul

tanc

y se

rvic

es

(CP

C 8

1402

)

b)

New

est

ablis

hmen

t is

sub

ject

to

licen

se a

ppro

ved

by

the

Min

iste

r w

ith

the

cons

ent o

f the

Cab

inet

4) O

nly

seni

or m

anag

eria

l per

sonn

el

spec

ialis

ts a

nd t

echn

ical

ass

ista

nts

with

th

e ap

prov

al o

f the

Ins

uran

ce

Com

mis

sion

er

1) U

nbou

nd

2) U

nbou

nd

3)

For

eign

equ

ity p

artic

ipat

ion

not

to

exce

ed 4

9 pe

r ce

nt

4) a

) O

nly

seni

or m

anag

eria

l per

sonn

el

spec

ialis

ts a

nd t

echn

ical

ass

ista

nts

with

the

app

rova

l of t

he I

nsur

ance

C

omm

issi

oner

b)

U

nbou

nd f

or in

divi

dual

bro

ker

and

agen

t

1) N

one

2) N

one

3) N

one

oth

er t

han

that

indi

cate

d in

the

ho

rizo

jltal

sec

tion

4 O

nly

seni

or m

anag

eria

l per

sonn

el

spec

ialis

ts a

nd t

echn

ical

ass

ista

nts

with

th

e ap

prov

al o

f the

Ins

uran

ce

I 4)

Non

e

1) U

nbou

nd

2) U

nbou

nd

3) N

o lim

itatio

n a

s lo

ng a

s fo

reig

n eq

uity

pa

rtic

ipat

ion

does

not

exc

eed

49

pe

r ce

nt

4) N

one

1) N

one

2) N

one

3) N

o lim

itatio

n as

long

as

fore

ign

equi

ty

part

icip

atio

n d

oe

s no

t exc

eed

49 p

er

cent

4) N

one

3

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

orde

r su

pply

2)

Con

sum

ptio

n ab

road

4

I

Se

cto

rorS

ub

sect

or

Lim

itatio

nso

nM

ark

etA

cce

ss

Ad

dit

ion

alC

om

mit

me

n

ts

1) N

one

se

rvic

es(C

PC

814

03)

2)

Non

e

Ave

rage

and

loss

adj

ustm

ent

I 1)

Non

e

2)

Non

e

3) N

one

oth

er t

han

that

indi

cate

d in

3)

No

limita

tion

as lo

ng a

s fo

reig

n eq

uity

th

ehor

izon

tal s

ectio

n

part

icip

atio

n d

oe

s no

texc

eed

49

pe

r ce

nt

4)N

one

pers

onne

lspe

cial

ists

and

tec

hnic

al

assi

stan

ts w

ith t

he a

ppro

val o

f the

In

sura

nce

Com

mis

sion

er

4) O

nly

seni

or m

anag

eria

l

~shy

1) N

one

1) N

one

(C

PC

814

04)

2)

Non

e

Act

uaria

l ser

vice

s

2) N

one

3) N

one

oth

er

than

tha

t in

dica

ted

in

3) N

o lim

itatio

n a

s lo

ng a

s fo

reig

n eq

uity

th

ehor

izon

tal s

ectio

n

part

icip

atio

n d

oe

s no

t exc

eed

49

per

ce

nt

4)N

one

pers

onne

lspe

cial

ists

and

tec

hnic

al

assi

stan

ts w

ith t

he a

ppro

val o

f the

In

sura

nce

Com

mis

sion

er

4) O

nly

seni

or m

anag

eria

l

4

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Su

I

Cro

ss-b

orde

r su

pply

~

Con

sum

ptio

n ab

road

3)

Com

mer

cial

pre

senc

e 4)

P

rese

nce

of n~

tura

l pe

rson

s

B

Ban

kin

g a

nd

Oth

er

Fin

anci

al S

erv

ice

s

Lim

ltat

ion

son

Mar

ketA

cces

s L

imit

atio

nso

nN

atio

nal

Tre

atm

ent

I

Ad

dit

ion

alC

om

mit

men

ts

Acc

epta

nce

of d

epos

its a

nd

othe

r re

paya

ble

fund

s fr

om

the

publ

ic

Lend

ing

of a

ll ty

pes

inc

ludi

ng

cons

umer

cre

dit

mor

tgag

e cr

edit

fac

torin

g an

d fin

anci

ng

of c

omm

erci

al tr

ansa

ctio

n

Fin

anci

al l

easi

ng

Pay

men

t an

d m

on

ey

tran

smis

sion

ser

vice

s in

clud

ing

cred

it c

harg

e an

d de

bit c

ards

tr

avel

ers

cheq

ues

and

ba

nke

rs d

rafts

Gua

rant

ees

and

com

mitm

ents

Tra

ding

fo

r ow

n ac

coun

t or

for

acco

unt

of c

usto

mer

s1in

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e fo

llow

ing

(A) M

on

ey

ma

rke

t in

stru

men

ts

(B)F

orei

gn e

xcha

nge

(D)E

xcha

nge

rate

and

in

tere

st r

ate

inst

rum

ents

1)

Non

e fo

r fin

anci

al a

dvis

ory

and

finan

cial

d

ata

pro

cess

ing

Unb

ound

for

all

oth

er

serv

ices

1) N

one

2)

Non

e fo

r fin

anci

al a

dvis

ory

and

finan

cial

I2)

Non

e da

ta p

roce

ssin

g U

nbou

nd f

or

all

oth

er

serv

ices

3) a

) R

epre

sent

ativ

e of

ficeo

f ban

ks N

one

I3)

a) R

epre

sent

ativ

e of

fice

ofba

nks

Non

e b)

For

eign

ban

k br

anch

es

I N

one

for

exis

ting

fore

ign

bank

br

anch

es u

nder

pre

sent

sh

areh

oldi

ng s

truc

ture

N

ew

es

tabl

ishm

ent

is s

ubje

ct to

lic

ence

app

rove

d by

the

Min

iste

r o

f Fin

ance

with

the

co

nsen

t of t

he C

abin

et

II

AT

M o

pera

tions

per

mitt

ed

un

de

r th

e fo

llow

ing

cond

ition

s on

ly

i) jo

inin

g A

TM

poo

lsop

erat

ed b

y T

hai b

anks

o

r ii)

ope

ratio

n w

ithin

ow

n pr

emis

es

or

shar

ing

the

faci

litie

s w

ith

oth

er

com

mer

cial

ban

ks in

T

haila

nd

b) F

orei

gn b

ank

bran

ches

Non

e e

xcep

t as

indi

cate

d in

the

m

arke

t acc

ess

colu

mn

1 Th

e co

mm

itmen

ts fo

r S

ecur

ities

Com

pani

es u

nder

this

sub

sect

or a

re s

epar

atel

y lis

ted

belo

w

5

TH

AIL

AN

D

SC

HE

DU

LEO

FS

PE

CIF

ICC

OM

MIT

ME

NT

SF

OR

FIN

AN

CIA

LSE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

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Cro

ss-b

orde

r su

pply

2)

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nsu

mp

tion

ab

roa

d

3) C

omm

erci

al p

rese

nce

4

) P

rese

nce

of

natu

ral p

ers

on

s

Se

cto

rorS

ub

sect

or

Lim

itatio

nso

nM

ark

etA

cce

ss

Lim

itatio

nso

nN

atio

na

lTre

atm

en

t A

dd

itio

na

lCo

mm

itm

en

ts

(E)T

rans

fera

ble

secu

ritie

s

Par

ticip

atio

n in

iss

ues

of a

ll ki

nds

of s

ecur

ities

in

clud

ing

unde

r-w

ritin

g an

d p

lace

me

nt

as a

gent

(w

heth

er p

ublic

ly o

r pr

ivat

ely)

and

pro

visi

on o

f se

rvic

es r

elat

ed t

o s

uch

is

sues

2

III

Exi

stin

g fo

reig

n b

an

ks w

hich

al

read

y h

ad

th

e fi

rst

bran

ch o

ffic

e in

Th

aila

nd

pri

or

to J

uly

1995

will

ea

ch b

e p

erm

itte

d t

o o

pen

no

m

ore

than

tw

o a

dditi

onal

br

anch

es

IV N

on

e fo

r pa

rtic

ipat

ion

in c

hequ

e cl

eari

ng a

nd

se

ttle

me

nt s

yste

m

Ass

et m

an

ag

em

en

ea

s fo

llow

s

-ca

sh o

r po

rtfo

lio

man

agem

ent

-co

llect

ive

inve

stm

ent

man

agem

ent

-cu

stod

ian

and

depo

sito

ry s

erv

ice

s

Adv

isor

y i

nter

med

iatio

n a

nd

o

the

r au

xilia

ry f

inan

cial

se

rvic

es4

Pro

visi

on a

nd t

ran

sfe

r o

f fin

anci

al in

form

atio

n a

nd

fin

anci

al d

ata

pro

cess

ing

an

d

rela

ted

softw

are

c)

Loca

lly in

corp

ora

ted

ba

nks

I M

ark

et

acc

ess

lim

ited

to t

he

ac

quis

ition

of s

ha

res

of e

xist

ing

bank

s

II (

i) T

he

am

ou

nt o

f sha

res

held

by

pers

ons

of T

ha

i na

tiona

lity

shal

l n

ot b

e le

ss th

an

75

pe

rce

nt o

f th

e to

tal a

mo

un

t of v

otin

g sh

ares

sol

d C

om

bin

ed

sh

areh

oldi

ng o

f an

ind

ivid

ual

and

his

he

r re

late

d pe

rson

s sh

all

no

t e

xce

ed

10

pe

rce

nt o

f to

tal

nu

mb

er

of s

ha

res

sold

5

un

less

oth

erw

ise

per

mitt

ed b

y th

e B

an

k o

f Tha

iland

c)

Loca

lly in

corp

orat

ed b

an

ks

Non

e e

xce

pt a

s in

dica

ted

in t

he

m

ark

et a

cces

s co

lum

n

2 Th

e co

mm

itmen

ts fo

r S

ecur

ities

Com

pani

es u

nder

this

sub

sect

or a

re s

epar

atel

y lis

ted

belo

w

3 Th

e co

mm

itmen

ts fo

r Ass

et M

anag

emen

t Com

pani

es u

nder

this

sub

sect

or a

re s

epar

atel

y lis

ted

belo

w

4 Th

e co

mm

itmen

ts o

n In

vest

men

t Adv

isor

y fo

r S

ecur

ities

Com

pani

es u

nder

this

sub

sect

or a

re s

epar

atel

y lis

ted

belo

w

sro

tal n

umbe

r o

f sh

are

s so

ld i

nclu

de v

otin

g a

nd

no

n-v

otin

g s

ha

res

6

TH

AIL

AN

D

SC

HE

DU

LEO

FS

PE

CIF

ICC

OM

MIT

ME

NT

SF

OR

FIN

AN

CIA

LSE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

orde

r su

pply

2)

Con

sum

ptio

n ab

road

3)

Com

ll1er

cial

pre

senc

e 4)

P

rese

nce

of n

atur

al p~rsons

Se

cto

rorS

ub

sect

or

Lim

ita

tio

nso

nM

ark

etA

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ss

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ita

tio

nso

nN

ati

on

alT

rea

tme

nt

Ad

dit

ion

alC

om

mit

me

n

ts

(ii)ln

the

ca

se w

here

the

Ban

k o

f T

haila

nd d

eem

s ap

prop

riate

th

e B

ank

of T

haila

nd m

ay g

rant

pe

rmis

sion

tha

t per

sons

of n

onshy

Tha

i na

tiona

lity

hold

sha

res

up

to 4

9 p

erce

nt o

f the

tot

al

amou

nt o

f vot

ing

shar

es s

old

(iii)

In t

he c

ase

whe

re it

is

nece

ssar

y to

rec

tify

the

oper

atio

n o

r to

str

engt

hen

the

stab

ility

of

any

loca

lly

inco

rpor

ated

ban

k o

r fo

r th

e pu

rpos

e o

f the

fina

ncia

l in

stitu

tions

sys

tem

sta

bilit

y t

he

Fin

ance

Min

iste

r with

the

re

com

men

datio

n o

f the

Ban

k o

f T

haila

nd s

hall

have

the

pow

er

to r

elax

the

req

uire

men

t o

f the

sh

areh

oldi

ng o

ther

than

tho

se

pres

crib

ed in

(c)

(

ii)

Suc

h eq

uity

par

ticip

atio

n w

ill b

e au

thor

ized

for

a p

erio

d o

f up

to

10 y

ears

w

ith fo

reig

n sh

areh

olde

rs w

ho e

nter

in t

his

perio

d be

ing

gran

dfat

here

d th

erea

fter

with

res

pect

to th

e ab

solu

te a

mou

nt o

f the

ir eq

uity

ho

ldin

g

III

(i) A

t le

ast t

hree

-fou

rths

of t

he

dire

ctor

s m

ust b

e o

f Tha

i na

tiona

lity

(ii

) In

th

e c

ase

whe

re t

he B

ank

of

7

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

ord

er

supp

ly

2) C

onsu

mpt

ion

abro

ad

3) C

omm

erci

al p

rese

nce

4)

Presenc~ o

f nat

ural

-pe=

-r-s

on

s---_

_--

Sec

toro

rSu

bse

cto

r L

imit

atio

nso

nM

arke

tAcc

ess

Lim

itat

ion

son

Nat

ion

alT

reat

men

t A

dd

itio

nal

Co

mm

itm

en

ts

Tha

iland

de

em

s ap

prop

riat

e

Th

e B

ank

of T

haila

nd m

ay

perm

it a

prop

ortio

n o

f non

-Tha

i na

tiona

lity

dir

ect

ors

of m

ore

than

one

-qua

rter

s b

ut s

hall

not

reac

h on

e h

alf

of t

he

tot

al

nu

mb

er

of d

irec

tors

(ii

i) In

the

cas

e w

he

re it

is

nece

ssar

y to

rec

tify

the

op

erat

ion

or

to s

tren

gthe

n th

e st

abili

ty o

f an

y lo

cally

in

corp

orat

ed b

an

k o

r fo

r th

e pu

rpos

e o

f th

e fi

nanc

ial

inst

itutio

n sy

stem

sta

bilit

y t

he

Fin

ance

Min

iste

r w

ith t

he

re

com

men

datio

n o

f th

e B

ank

of

Tha

iland

sha

ll h

ave

th

e p

ower

to

rel

ax t

he

re

qu

ire

me

nt

of t

he

dire

ctor

ship

oth

er

than

tho

se

pres

crib

ed in

(c)

III

(ii)

abov

e

Suc

h re

laxa

tion

ma

y be

gr

ante

d w

ith r

ule

an

d t

ime

clau

se

d) F

inan

cial

leas

ing

serv

ice

s

Can

onl

y be

pro

vide

d by

lea

sing

co

mpa

nies

whi

ch a

re s

ub

ject

to

max

imum

for

eign

eq

uity

par

ticip

atio

n o

f 49

per

cent

of p

aid

-up

reg

iste

red

capi

tal

or

by f

inan

ce c

om

pa

nie

s w

hich

are

sub

ject

to

ma

xim

um

fo

reig

n eq

uity

par

ticip

atio

n o

f 25

per

ce

nt o

f pai

d-up

reg

iste

red

capi

tal

d) F

inan

cial

leas

ing

serv

ices

Non

e

8

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

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Cro

ss-b

orde

r su

pply

2)

Con

sum

ptio

n ab

road

3)

Com

mer

cial

pre

senc

e 4)

P

rese

nce

of n

atur

al p

erso

ns

Sec

toro

rSu

bse

cto

r L

imit

atio

nso

nM

arke

tAcc

ess

Lim

itat

ion

son

Nat

ion

alT

reat

men

t A

dd

itio

nal

Co

mm

itm

en

ts

e) F

acto

ring

serv

ices

e)

Fac

torin

g se

rvic

es

Can

onl

y b

e pr

ovid

ed b

y fa

ctor

ing

com

pani

es w

hich

are

sub

ject

to

max

imum

for

eign

equ

ity p

artic

ipat

ion

of 4

9 pe

r cen

t of

pai

d-up

reg

iste

red

capi

tal

or

by fi

nanc

e co

mpa

nies

w

hich

are

sub

ject

to m

axim

um

fore

ign

equi

ty p

artic

ipat

ion

of 2

5 pe

r ce

nt o

f pai

d-up

reg

iste

red

capi

tal

Non

e

f)

Cre

dit

char

ge a

nd d

ebit

card

s f)

Cre

dit

char

ge a

nd d

ebit

card

s

Cre

dit

char

ge a

nd d

ebit

card

s ca

n on

ly b

e pr

ovid

ed b

y co

mpa

nies

w

hich

are

sub

ject

to

max

imum

fo

reig

n eq

uity

par

ticip

atio

n o

f 49

perc

ent

of p

aid-

up r

egis

tere

d ca

pita

l or

loca

lly in

corp

orat

ed b

an

ks a

nd

fore

ign

bank

bra

nche

s

Non

e

The

con

duct

of b

usin

esse

s un

der

d)

e) a

nd f)

will

be

subj

ect t

o lic

enS

ing

and

regu

latio

ns t

o b

e an

noun

ced

4)

For

ban

ks

repr

esen

tativ

e of

fices

and

fin

ance

com

pani

es

no q

uant

itativ

e lim

it ap

plie

s fo

r A

SE

AN

nat

iona

ls

App

rova

l sha

ll be

gra

nted

bas

ed o

n fo

reig

n se

rvic

es p

rovi

ders

bus

ines

s pl

ans

and

need

s

I 4)

Non

e

9

I

TH

AIL

AN

D

SC

HE

DU

LEO

FS

PE

CIF

ICC

OM

MIT

ME

NT

SF

OR

FIN

AN

CIA

LSE

RV

ICE

SU

NO

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

orde

r su

pply

2)

Con

sum

ptio

n ab

road

3)

Com

mer

cial

pre

senc

e 4)

P

rese

nce

of

natu

ral p

erso

ns

ii

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cto

rorS

ub

sect

or

Li m

itatio

nso

nM

ark

etA

cce

ss i

Lim

itatio

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nN

atio

na

lTre

atm

en

t A

dd

itio

na

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mm

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en

ts

For

Sec

uriti

es C

ompa

nies

5

-se

curit

ies

brok

erag

e an

d de

alin

g -

deriv

ativ

es b

roke

rage

and

de

alin

g -

secu

ritie

s bo

rrow

ing

and

lend

ing

Tra

ding

for

ow

n ac

coun

t o

r fo

r ac

coun

t of c

usto

mer

s in

th

e fo

llow

ing

(C

) de

rivat

ive

prod

ucts

inc

l

but n

ot li

mite

d to

fu

ture

s an

d op

tions

(E

) tr

ansf

erab

le s

ecur

ities

1)

Unb

ound

2)

Non

e

3)

Unb

ound

exc

ept

I F

or r

epre

sent

ativ

e of

fices

no

ne

II F

or li

cens

ed s

ecur

ities

com

pany

fo

reig

n eq

uity

par

ticip

atio

n ca

n b

e

allo

wed

up

to 1

00 p

erce

nt o

fpai

d-up

ca

pita

l

4)

As

indi

cate

d in

the

hor

izon

tal s

ectio

n

1)

Non

e

2) N

one

3) N

one

4) A

s in

dica

ted

in t

he

hor

izon

tal s

ectio

n

For

Sec

uriti

es C

ompa

nies

tl

Sec

uriti

es U

nder

writ

ing

I 1)

Unb

ound

1)

N

one

Par

ticip

atio

n in

iss

ues

of a

ll ki

nds

of s

ecur

ities

in

clud

ing

I 2)

Non

e 2)

Non

e

unde

rwrit

ing

and

plac

emen

t as

age

nts

(whe

ther

pub

licly

or

priv

atel

y) a

nd p

rovi

sion

of

serv

ices

rel

ated

to

suc

h is

sues

I 3)

Unb

ound

exc

ept

I I

For

rep

rese

ntat

ive

offic

es

none

II F

or li

cens

ed s

ecur

ities

com

pany

fo

reig

n eq

uity

par

ticip

atio

n ca

n be

al

low

ed u

p to

100

per

cent

of p

aid-

up

capi

tal

3) N

one

41A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

4)

A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

6Sec

uriti

es c

ompa

nies

mea

n se

curit

ies

com

pani

es w

hich

are

not

com

mer

cial

ban

ks a

nd in

sura

nce

com

pani

es

10

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mo

de

s o

f Sllp

plL

1) G

ross-b()

rcj~

r su

pply

2)

Con

sulT

lptio

n ab

road

3)

Com

mer

cial

pre

senc

e 4)

P

rese

nce

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natu

ral p

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ns

I S

ecto

rorS

ub

sect

or

Lim

itat

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son

Mar

ketA

cces

s L

imit

atio

nso

nN

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nal

Tre

atm

ent

Ad

dit

ion

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om

mit

men

ts

F

orA

sset

Ma

na

ge

me

nt

Com

pani

es

-m

utua

l fun

d m

an

ag

em

en

t -

priv

ate

fund

ma

na

ge

me

nt

I 1)

Un

bo

un

d

1)

Non

e

-de

riva

tives

fund

m

an

ag

em

en

t I 2

) N

on

e

2)

Non

e

-ve

ntur

e ca

pita

l man

agem

ent

Ass

et

ma

na

ge

me

nt

I 3)

Un

bo

un

d e

xcep

t

I F

or

repr

esen

tativ

e of

fices

n

on

e

II F

or

ass

et m

an

ag

em

en

t com

pani

es

fore

ign

equi

ty p

artic

ipat

ion

can

be

allo

we

d u

p to

100

per

cent

ofp

aid-

up

capi

tal

How

ever

du

ring

the

firs

t fiv

e

year

saft

er th

e lic

ense

has

bee

n gr

ante

d a

t le

ast 5

0 pe

rcen

t o

f th

e

paid

-up

capi

tal o

f th

ea

sse

t m

an

ag

em

en

t com

pany

mu

st b

e h

eld

by

finan

cial

inst

itutio

nses

tabl

ishe

d u

nd

er

Tha

i la

w7

3)

Non

e

For

Sec

uriti

es C

ompa

nies

tl

4A

s in

dic

ate

d in

the

hor

izon

tal s

ectio

n

4) A

s in

dica

ted

in t

he

hor

izon

tal s

ectio

n

Adv

isor

y I

nter

med

iatio

n an

d O

the

r Aux

iliar

y F

inan

cial

I 1

) U

nb

ou

nd

1)

N

one

Ser

vice

s

Inve

stm

en

t Adv

iSO

ry

I 2

No

ne

2)

N

one

7Fin

anci

al in

stitu

tions

esta

blis

hed

unde

r Tha

i law

s in

this

sec

tion

mea

n se

curit

ies

com

pani

es

com

mer

cial

ban

ks

life

insu

ranc

e co

mpa

nies

an

d sp

ecia

lized

fina

ncia

l in

stitu

tions

est

ablis

hed

unde

r spe

cific

law

s

11

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

pl

Sec

toro

rSu

bse

cto

r

1lGr

oss-

bltl

rd~r

sup

ply

2) C

onsu

mpt

ion

abro

ad

lim

itat

ion

son

Mar

ketA

cces

s

3) C

omm

erci

al p

rese

nce

4)

Pre

senc

e o

f nat

ural

per

sons

lim

itat

ion

son

Nat

ion

alT

reat

men

t A

dd

itio

nal

Co

mm

itm

en

ts

3)

Unb

ound

exc

ept

I F

or r

epre

sent

ativ

e of

fices

no

ne

3)

Non

e

II F

or s

ecur

ities

com

pani

es

a)

fore

ign

equi

ty p

artic

ipat

ion

can

be a

llow

ed u

p to

100

per

cent

o

f pai

d-up

cap

ital

b)

Lice

nse

may

be

gra

nted

to

finan

cial

inst

itutio

ns li

cens

ed

unde

r T

hai L

aws

and

a li

mite

d co

mpa

ny w

hich

is n

ewly

es

tabl

ishe

d

4)A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

4)

A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

Oth

er a

uxili

ary

finan

cial

se

rvic

es

Cre

dit c

ard

serv

ices

(C

PC

811

33)

(Mob

ilizi

ng f

unds

from

the

pu

blic

is p

rohi

bite

d u

nles

s lic

ense

d un

der

a fin

anci

al

law

)

1) N

one

2) N

one

3) a

) A

s in

dica

ted

in B

3)(

h)

abov

e

b)

Fin

anci

al in

stitu

tions

mus

t obt

ain

prio

r ap

prov

al f

rom

the

Ban

k of

T

haila

nd

1) N

one

2) N

one

3) N

o lim

itatio

n as

long

as

fore

ign

equi

ty

part

icip

atio

n do

es n

ot e

xcee

d 49

per

ce

nt

4) A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

4) N

one

12

--

TH

AIL

AN

D

S

CH

ED

ULE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IALS

ER

VIC

ES

UN

DE

RA

FA

S

-_ -

-__

__

--

-__

__ -_

--

--

_

_

_

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-_

_

-_

_

-__

_-

_

-_

--

_

_-_

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--_

-

Se

cto

rorS

ub

sect

or

Lim

ita

tio

nso

nM

ark

etA

cce

ss

Lim

ita

tio

nso

nN

ati

on

alT

rea

tme

nt

Ad

dit

lon

alC

om

mlt

me

n

ts

Fin

anci

al c

onsu

ltanc

y se

rvic

es

(CP

C 8

1332

)

1) U

nbou

nd

2) N

one

3) N

one

othe

r th

an t

hat

indi

cate

d in

the

ho

rizon

tal s

ectio

n

4)

As

indi

cate

d in

the

hor

izon

tal s

ectio

n

1) N

one

2) N

one

3) N

o lim

itatio

n as

long

as

fore

ign

equi

ty

part

icip

atio

n do

es n

ot e

xcee

d 4

9 p

er

cent

4)

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e

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toco

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Imp

lem

en

t th

e S

ixth

Pac

kage

of C

om

mit

me

nt o

n F

ina

nci

al S

erv

ice

s

un

de

r th

e A

SE

AN

Fra

me

wo

rk A

gre

em

en

t on

Se

rvic

es

TH

AIL

AN

D

SC

HE

DU

LE O

F S

PE

CIF

IC S

ER

VIC

ES

CO

MM

ITM

EN

TS

TH

AIL

AN

D

SC

HE

DU

LEO

FS

PE

CIF

ICC

OM

MIT

ME

NT

SF

OR

FIN

AN

CIA

LSE

RV

ICE

SU

ND

ER

AF

AS

Mo

de

s o

f Sup

ply

1)

Gro

ss-b

ord

er

sup

ply

2)

Co

nsu

mp

tio

n a

bro

ad

3)

G()mmer~ii31

pr(

se

nce

4)

presell~e (

)f n

atu

ral p

ers

on

s

Se

cto

rorS

ub

sect

or

Lim

ita

tio

nso

nM

ark

etA

cce

ss

Lim

itatio

nso

nN

atlo

na

lTre

atm

en

t I

Ad

dit

lon

alC

om

mit

me

n

ts

A

Insu

ran

ce in

clu

din

g

rein

sura

nce

an

d

retr

oce

ssio

n

life

insu

ran

ce s

erv

ice

s(C

PC

8

12

11

) 1)

No

ne

2) N

on

e

3) a

) F

ore

ign

eq

uity

pa

rtic

ipa

tion

lim

ited

to

2

5 p

er

cen

t o

f re

gis

tere

d s

ha

re

capi

tal

b) N

ew

est

ab

lish

me

nt

is s

ub

ject

to

lice

nce

ap

pro

ved

by

the

Min

iste

r with

th

e c

on

sen

t of t

he

Ca

bin

et

4) O

nly

se

nio

r m

an

ag

eri

al p

ers

on

ne

l sp

eci

alis

ts a

nd

te

chn

ica

l a

ssis

tan

ts w

ith

the

ap

pro

val o

f th

e I

nsu

ran

ce

Co

mm

issi

on

er

1) N

on

e

2)

life

insu

ran

ce p

rem

ium

is t

ax

de

du

ctib

le u

p to

a c

erta

in a

mo

un

t fo

r h

old

ers

of p

olic

ies

issu

ed

by

loca

l co

mp

an

ies

I 3)

No

ne

I 4)

No

ne

No

n-l

ife in

sura

nce

se

rvic

es

(CP

C 8

12

9)

1) U

nb

ou

nd

exc

ep

t fo

r in

tern

atio

na

l m

ari

ne

a

via

tion

an

d t

ran

sit

an

d a

ll cl

ass

es

of

rein

sura

nce

2)

No

ne

3) a

) F

ore

ign

eq

uity

pa

rtic

ipa

tion

lim

ited

to

2

5 p

erc

en

t of r

eg

iste

red

sh

are

ca

pita

l

1) U

nb

ou

nd

I 2)

No

ne

I 3)

No

ne

2

-1

TH

AIL

AN

D

SC

HE

DU

LEO

FS

PE

CIF

ICC

OM

MIT

ME

NT

SF

OR

FIN

AN

CIA

LSE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

1

Cro

ss-b

orde

r su

pply

2

) C

onsu

mpt

ion

abro

ad

3) C

omm

erci

al p

rese

nce

4)

Pre

senc

e o

f nat

ural

per

sons

Se

cto

rorS

ub

sect

or

Lim

ita

tio

nso

nM

ark

etA

cce

ss

Lim

itatio

nso

nN

atio

na

lTre

atm

en

t I A

dd

itio

na

lCo

mm

itme

n

ts

Ser

vice

s au

xilia

ry to

in

sura

nce

(exc

ludi

ng p

ensi

on

fund

ing

serv

ices

)

Insu

ranc

e br

okin

g an

d ag

ency

ser

vice

s (C

PC

814

01)(

Bro

kers

sha

ll n

ot i

nduc

e a

dvis

e o

r do

any

a

cts

so a

s to

cau

se a

ny

pers

on t

o en

ter

into

insu

ranc

e co

ntra

cts

with

ins

urer

s ab

road

ex

cept

for

rein

sura

nce

cont

ract

s)

Insu

ranc

e co

nsul

tanc

y se

rvic

es

(CP

C 8

1402

)

b)

New

est

ablis

hmen

t is

sub

ject

to

licen

se a

ppro

ved

by

the

Min

iste

r w

ith

the

cons

ent o

f the

Cab

inet

4) O

nly

seni

or m

anag

eria

l per

sonn

el

spec

ialis

ts a

nd t

echn

ical

ass

ista

nts

with

th

e ap

prov

al o

f the

Ins

uran

ce

Com

mis

sion

er

1) U

nbou

nd

2) U

nbou

nd

3)

For

eign

equ

ity p

artic

ipat

ion

not

to

exce

ed 4

9 pe

r ce

nt

4) a

) O

nly

seni

or m

anag

eria

l per

sonn

el

spec

ialis

ts a

nd t

echn

ical

ass

ista

nts

with

the

app

rova

l of t

he I

nsur

ance

C

omm

issi

oner

b)

U

nbou

nd f

or in

divi

dual

bro

ker

and

agen

t

1) N

one

2) N

one

3) N

one

oth

er t

han

that

indi

cate

d in

the

ho

rizo

jltal

sec

tion

4 O

nly

seni

or m

anag

eria

l per

sonn

el

spec

ialis

ts a

nd t

echn

ical

ass

ista

nts

with

th

e ap

prov

al o

f the

Ins

uran

ce

I 4)

Non

e

1) U

nbou

nd

2) U

nbou

nd

3) N

o lim

itatio

n a

s lo

ng a

s fo

reig

n eq

uity

pa

rtic

ipat

ion

does

not

exc

eed

49

pe

r ce

nt

4) N

one

1) N

one

2) N

one

3) N

o lim

itatio

n as

long

as

fore

ign

equi

ty

part

icip

atio

n d

oe

s no

t exc

eed

49 p

er

cent

4) N

one

3

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

orde

r su

pply

2)

Con

sum

ptio

n ab

road

4

I

Se

cto

rorS

ub

sect

or

Lim

itatio

nso

nM

ark

etA

cce

ss

Ad

dit

ion

alC

om

mit

me

n

ts

1) N

one

se

rvic

es(C

PC

814

03)

2)

Non

e

Ave

rage

and

loss

adj

ustm

ent

I 1)

Non

e

2)

Non

e

3) N

one

oth

er t

han

that

indi

cate

d in

3)

No

limita

tion

as lo

ng a

s fo

reig

n eq

uity

th

ehor

izon

tal s

ectio

n

part

icip

atio

n d

oe

s no

texc

eed

49

pe

r ce

nt

4)N

one

pers

onne

lspe

cial

ists

and

tec

hnic

al

assi

stan

ts w

ith t

he a

ppro

val o

f the

In

sura

nce

Com

mis

sion

er

4) O

nly

seni

or m

anag

eria

l

~shy

1) N

one

1) N

one

(C

PC

814

04)

2)

Non

e

Act

uaria

l ser

vice

s

2) N

one

3) N

one

oth

er

than

tha

t in

dica

ted

in

3) N

o lim

itatio

n a

s lo

ng a

s fo

reig

n eq

uity

th

ehor

izon

tal s

ectio

n

part

icip

atio

n d

oe

s no

t exc

eed

49

per

ce

nt

4)N

one

pers

onne

lspe

cial

ists

and

tec

hnic

al

assi

stan

ts w

ith t

he a

ppro

val o

f the

In

sura

nce

Com

mis

sion

er

4) O

nly

seni

or m

anag

eria

l

4

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Su

I

Cro

ss-b

orde

r su

pply

~

Con

sum

ptio

n ab

road

3)

Com

mer

cial

pre

senc

e 4)

P

rese

nce

of n~

tura

l pe

rson

s

B

Ban

kin

g a

nd

Oth

er

Fin

anci

al S

erv

ice

s

Lim

ltat

ion

son

Mar

ketA

cces

s L

imit

atio

nso

nN

atio

nal

Tre

atm

ent

I

Ad

dit

ion

alC

om

mit

men

ts

Acc

epta

nce

of d

epos

its a

nd

othe

r re

paya

ble

fund

s fr

om

the

publ

ic

Lend

ing

of a

ll ty

pes

inc

ludi

ng

cons

umer

cre

dit

mor

tgag

e cr

edit

fac

torin

g an

d fin

anci

ng

of c

omm

erci

al tr

ansa

ctio

n

Fin

anci

al l

easi

ng

Pay

men

t an

d m

on

ey

tran

smis

sion

ser

vice

s in

clud

ing

cred

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harg

e an

d de

bit c

ards

tr

avel

ers

cheq

ues

and

ba

nke

rs d

rafts

Gua

rant

ees

and

com

mitm

ents

Tra

ding

fo

r ow

n ac

coun

t or

for

acco

unt

of c

usto

mer

s1in

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e fo

llow

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(A) M

on

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ma

rke

t in

stru

men

ts

(B)F

orei

gn e

xcha

nge

(D)E

xcha

nge

rate

and

in

tere

st r

ate

inst

rum

ents

1)

Non

e fo

r fin

anci

al a

dvis

ory

and

finan

cial

d

ata

pro

cess

ing

Unb

ound

for

all

oth

er

serv

ices

1) N

one

2)

Non

e fo

r fin

anci

al a

dvis

ory

and

finan

cial

I2)

Non

e da

ta p

roce

ssin

g U

nbou

nd f

or

all

oth

er

serv

ices

3) a

) R

epre

sent

ativ

e of

ficeo

f ban

ks N

one

I3)

a) R

epre

sent

ativ

e of

fice

ofba

nks

Non

e b)

For

eign

ban

k br

anch

es

I N

one

for

exis

ting

fore

ign

bank

br

anch

es u

nder

pre

sent

sh

areh

oldi

ng s

truc

ture

N

ew

es

tabl

ishm

ent

is s

ubje

ct to

lic

ence

app

rove

d by

the

Min

iste

r o

f Fin

ance

with

the

co

nsen

t of t

he C

abin

et

II

AT

M o

pera

tions

per

mitt

ed

un

de

r th

e fo

llow

ing

cond

ition

s on

ly

i) jo

inin

g A

TM

poo

lsop

erat

ed b

y T

hai b

anks

o

r ii)

ope

ratio

n w

ithin

ow

n pr

emis

es

or

shar

ing

the

faci

litie

s w

ith

oth

er

com

mer

cial

ban

ks in

T

haila

nd

b) F

orei

gn b

ank

bran

ches

Non

e e

xcep

t as

indi

cate

d in

the

m

arke

t acc

ess

colu

mn

1 Th

e co

mm

itmen

ts fo

r S

ecur

ities

Com

pani

es u

nder

this

sub

sect

or a

re s

epar

atel

y lis

ted

belo

w

5

TH

AIL

AN

D

SC

HE

DU

LEO

FS

PE

CIF

ICC

OM

MIT

ME

NT

SF

OR

FIN

AN

CIA

LSE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

orde

r su

pply

2)

Co

nsu

mp

tion

ab

roa

d

3) C

omm

erci

al p

rese

nce

4

) P

rese

nce

of

natu

ral p

ers

on

s

Se

cto

rorS

ub

sect

or

Lim

itatio

nso

nM

ark

etA

cce

ss

Lim

itatio

nso

nN

atio

na

lTre

atm

en

t A

dd

itio

na

lCo

mm

itm

en

ts

(E)T

rans

fera

ble

secu

ritie

s

Par

ticip

atio

n in

iss

ues

of a

ll ki

nds

of s

ecur

ities

in

clud

ing

unde

r-w

ritin

g an

d p

lace

me

nt

as a

gent

(w

heth

er p

ublic

ly o

r pr

ivat

ely)

and

pro

visi

on o

f se

rvic

es r

elat

ed t

o s

uch

is

sues

2

III

Exi

stin

g fo

reig

n b

an

ks w

hich

al

read

y h

ad

th

e fi

rst

bran

ch o

ffic

e in

Th

aila

nd

pri

or

to J

uly

1995

will

ea

ch b

e p

erm

itte

d t

o o

pen

no

m

ore

than

tw

o a

dditi

onal

br

anch

es

IV N

on

e fo

r pa

rtic

ipat

ion

in c

hequ

e cl

eari

ng a

nd

se

ttle

me

nt s

yste

m

Ass

et m

an

ag

em

en

ea

s fo

llow

s

-ca

sh o

r po

rtfo

lio

man

agem

ent

-co

llect

ive

inve

stm

ent

man

agem

ent

-cu

stod

ian

and

depo

sito

ry s

erv

ice

s

Adv

isor

y i

nter

med

iatio

n a

nd

o

the

r au

xilia

ry f

inan

cial

se

rvic

es4

Pro

visi

on a

nd t

ran

sfe

r o

f fin

anci

al in

form

atio

n a

nd

fin

anci

al d

ata

pro

cess

ing

an

d

rela

ted

softw

are

c)

Loca

lly in

corp

ora

ted

ba

nks

I M

ark

et

acc

ess

lim

ited

to t

he

ac

quis

ition

of s

ha

res

of e

xist

ing

bank

s

II (

i) T

he

am

ou

nt o

f sha

res

held

by

pers

ons

of T

ha

i na

tiona

lity

shal

l n

ot b

e le

ss th

an

75

pe

rce

nt o

f th

e to

tal a

mo

un

t of v

otin

g sh

ares

sol

d C

om

bin

ed

sh

areh

oldi

ng o

f an

ind

ivid

ual

and

his

he

r re

late

d pe

rson

s sh

all

no

t e

xce

ed

10

pe

rce

nt o

f to

tal

nu

mb

er

of s

ha

res

sold

5

un

less

oth

erw

ise

per

mitt

ed b

y th

e B

an

k o

f Tha

iland

c)

Loca

lly in

corp

orat

ed b

an

ks

Non

e e

xce

pt a

s in

dica

ted

in t

he

m

ark

et a

cces

s co

lum

n

2 Th

e co

mm

itmen

ts fo

r S

ecur

ities

Com

pani

es u

nder

this

sub

sect

or a

re s

epar

atel

y lis

ted

belo

w

3 Th

e co

mm

itmen

ts fo

r Ass

et M

anag

emen

t Com

pani

es u

nder

this

sub

sect

or a

re s

epar

atel

y lis

ted

belo

w

4 Th

e co

mm

itmen

ts o

n In

vest

men

t Adv

isor

y fo

r S

ecur

ities

Com

pani

es u

nder

this

sub

sect

or a

re s

epar

atel

y lis

ted

belo

w

sro

tal n

umbe

r o

f sh

are

s so

ld i

nclu

de v

otin

g a

nd

no

n-v

otin

g s

ha

res

6

TH

AIL

AN

D

SC

HE

DU

LEO

FS

PE

CIF

ICC

OM

MIT

ME

NT

SF

OR

FIN

AN

CIA

LSE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

orde

r su

pply

2)

Con

sum

ptio

n ab

road

3)

Com

ll1er

cial

pre

senc

e 4)

P

rese

nce

of n

atur

al p~rsons

Se

cto

rorS

ub

sect

or

Lim

ita

tio

nso

nM

ark

etA

cce

ss

Lim

ita

tio

nso

nN

ati

on

alT

rea

tme

nt

Ad

dit

ion

alC

om

mit

me

n

ts

(ii)ln

the

ca

se w

here

the

Ban

k o

f T

haila

nd d

eem

s ap

prop

riate

th

e B

ank

of T

haila

nd m

ay g

rant

pe

rmis

sion

tha

t per

sons

of n

onshy

Tha

i na

tiona

lity

hold

sha

res

up

to 4

9 p

erce

nt o

f the

tot

al

amou

nt o

f vot

ing

shar

es s

old

(iii)

In t

he c

ase

whe

re it

is

nece

ssar

y to

rec

tify

the

oper

atio

n o

r to

str

engt

hen

the

stab

ility

of

any

loca

lly

inco

rpor

ated

ban

k o

r fo

r th

e pu

rpos

e o

f the

fina

ncia

l in

stitu

tions

sys

tem

sta

bilit

y t

he

Fin

ance

Min

iste

r with

the

re

com

men

datio

n o

f the

Ban

k o

f T

haila

nd s

hall

have

the

pow

er

to r

elax

the

req

uire

men

t o

f the

sh

areh

oldi

ng o

ther

than

tho

se

pres

crib

ed in

(c)

(

ii)

Suc

h eq

uity

par

ticip

atio

n w

ill b

e au

thor

ized

for

a p

erio

d o

f up

to

10 y

ears

w

ith fo

reig

n sh

areh

olde

rs w

ho e

nter

in t

his

perio

d be

ing

gran

dfat

here

d th

erea

fter

with

res

pect

to th

e ab

solu

te a

mou

nt o

f the

ir eq

uity

ho

ldin

g

III

(i) A

t le

ast t

hree

-fou

rths

of t

he

dire

ctor

s m

ust b

e o

f Tha

i na

tiona

lity

(ii

) In

th

e c

ase

whe

re t

he B

ank

of

7

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

ord

er

supp

ly

2) C

onsu

mpt

ion

abro

ad

3) C

omm

erci

al p

rese

nce

4)

Presenc~ o

f nat

ural

-pe=

-r-s

on

s---_

_--

Sec

toro

rSu

bse

cto

r L

imit

atio

nso

nM

arke

tAcc

ess

Lim

itat

ion

son

Nat

ion

alT

reat

men

t A

dd

itio

nal

Co

mm

itm

en

ts

Tha

iland

de

em

s ap

prop

riat

e

Th

e B

ank

of T

haila

nd m

ay

perm

it a

prop

ortio

n o

f non

-Tha

i na

tiona

lity

dir

ect

ors

of m

ore

than

one

-qua

rter

s b

ut s

hall

not

reac

h on

e h

alf

of t

he

tot

al

nu

mb

er

of d

irec

tors

(ii

i) In

the

cas

e w

he

re it

is

nece

ssar

y to

rec

tify

the

op

erat

ion

or

to s

tren

gthe

n th

e st

abili

ty o

f an

y lo

cally

in

corp

orat

ed b

an

k o

r fo

r th

e pu

rpos

e o

f th

e fi

nanc

ial

inst

itutio

n sy

stem

sta

bilit

y t

he

Fin

ance

Min

iste

r w

ith t

he

re

com

men

datio

n o

f th

e B

ank

of

Tha

iland

sha

ll h

ave

th

e p

ower

to

rel

ax t

he

re

qu

ire

me

nt

of t

he

dire

ctor

ship

oth

er

than

tho

se

pres

crib

ed in

(c)

III

(ii)

abov

e

Suc

h re

laxa

tion

ma

y be

gr

ante

d w

ith r

ule

an

d t

ime

clau

se

d) F

inan

cial

leas

ing

serv

ice

s

Can

onl

y be

pro

vide

d by

lea

sing

co

mpa

nies

whi

ch a

re s

ub

ject

to

max

imum

for

eign

eq

uity

par

ticip

atio

n o

f 49

per

cent

of p

aid

-up

reg

iste

red

capi

tal

or

by f

inan

ce c

om

pa

nie

s w

hich

are

sub

ject

to

ma

xim

um

fo

reig

n eq

uity

par

ticip

atio

n o

f 25

per

ce

nt o

f pai

d-up

reg

iste

red

capi

tal

d) F

inan

cial

leas

ing

serv

ices

Non

e

8

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

orde

r su

pply

2)

Con

sum

ptio

n ab

road

3)

Com

mer

cial

pre

senc

e 4)

P

rese

nce

of n

atur

al p

erso

ns

Sec

toro

rSu

bse

cto

r L

imit

atio

nso

nM

arke

tAcc

ess

Lim

itat

ion

son

Nat

ion

alT

reat

men

t A

dd

itio

nal

Co

mm

itm

en

ts

e) F

acto

ring

serv

ices

e)

Fac

torin

g se

rvic

es

Can

onl

y b

e pr

ovid

ed b

y fa

ctor

ing

com

pani

es w

hich

are

sub

ject

to

max

imum

for

eign

equ

ity p

artic

ipat

ion

of 4

9 pe

r cen

t of

pai

d-up

reg

iste

red

capi

tal

or

by fi

nanc

e co

mpa

nies

w

hich

are

sub

ject

to m

axim

um

fore

ign

equi

ty p

artic

ipat

ion

of 2

5 pe

r ce

nt o

f pai

d-up

reg

iste

red

capi

tal

Non

e

f)

Cre

dit

char

ge a

nd d

ebit

card

s f)

Cre

dit

char

ge a

nd d

ebit

card

s

Cre

dit

char

ge a

nd d

ebit

card

s ca

n on

ly b

e pr

ovid

ed b

y co

mpa

nies

w

hich

are

sub

ject

to

max

imum

fo

reig

n eq

uity

par

ticip

atio

n o

f 49

perc

ent

of p

aid-

up r

egis

tere

d ca

pita

l or

loca

lly in

corp

orat

ed b

an

ks a

nd

fore

ign

bank

bra

nche

s

Non

e

The

con

duct

of b

usin

esse

s un

der

d)

e) a

nd f)

will

be

subj

ect t

o lic

enS

ing

and

regu

latio

ns t

o b

e an

noun

ced

4)

For

ban

ks

repr

esen

tativ

e of

fices

and

fin

ance

com

pani

es

no q

uant

itativ

e lim

it ap

plie

s fo

r A

SE

AN

nat

iona

ls

App

rova

l sha

ll be

gra

nted

bas

ed o

n fo

reig

n se

rvic

es p

rovi

ders

bus

ines

s pl

ans

and

need

s

I 4)

Non

e

9

I

TH

AIL

AN

D

SC

HE

DU

LEO

FS

PE

CIF

ICC

OM

MIT

ME

NT

SF

OR

FIN

AN

CIA

LSE

RV

ICE

SU

NO

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

orde

r su

pply

2)

Con

sum

ptio

n ab

road

3)

Com

mer

cial

pre

senc

e 4)

P

rese

nce

of

natu

ral p

erso

ns

ii

Se

cto

rorS

ub

sect

or

Li m

itatio

nso

nM

ark

etA

cce

ss i

Lim

itatio

nso

nN

atio

na

lTre

atm

en

t A

dd

itio

na

lCo

mm

itm

en

ts

For

Sec

uriti

es C

ompa

nies

5

-se

curit

ies

brok

erag

e an

d de

alin

g -

deriv

ativ

es b

roke

rage

and

de

alin

g -

secu

ritie

s bo

rrow

ing

and

lend

ing

Tra

ding

for

ow

n ac

coun

t o

r fo

r ac

coun

t of c

usto

mer

s in

th

e fo

llow

ing

(C

) de

rivat

ive

prod

ucts

inc

l

but n

ot li

mite

d to

fu

ture

s an

d op

tions

(E

) tr

ansf

erab

le s

ecur

ities

1)

Unb

ound

2)

Non

e

3)

Unb

ound

exc

ept

I F

or r

epre

sent

ativ

e of

fices

no

ne

II F

or li

cens

ed s

ecur

ities

com

pany

fo

reig

n eq

uity

par

ticip

atio

n ca

n b

e

allo

wed

up

to 1

00 p

erce

nt o

fpai

d-up

ca

pita

l

4)

As

indi

cate

d in

the

hor

izon

tal s

ectio

n

1)

Non

e

2) N

one

3) N

one

4) A

s in

dica

ted

in t

he

hor

izon

tal s

ectio

n

For

Sec

uriti

es C

ompa

nies

tl

Sec

uriti

es U

nder

writ

ing

I 1)

Unb

ound

1)

N

one

Par

ticip

atio

n in

iss

ues

of a

ll ki

nds

of s

ecur

ities

in

clud

ing

I 2)

Non

e 2)

Non

e

unde

rwrit

ing

and

plac

emen

t as

age

nts

(whe

ther

pub

licly

or

priv

atel

y) a

nd p

rovi

sion

of

serv

ices

rel

ated

to

suc

h is

sues

I 3)

Unb

ound

exc

ept

I I

For

rep

rese

ntat

ive

offic

es

none

II F

or li

cens

ed s

ecur

ities

com

pany

fo

reig

n eq

uity

par

ticip

atio

n ca

n be

al

low

ed u

p to

100

per

cent

of p

aid-

up

capi

tal

3) N

one

41A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

4)

A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

6Sec

uriti

es c

ompa

nies

mea

n se

curit

ies

com

pani

es w

hich

are

not

com

mer

cial

ban

ks a

nd in

sura

nce

com

pani

es

10

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mo

de

s o

f Sllp

plL

1) G

ross-b()

rcj~

r su

pply

2)

Con

sulT

lptio

n ab

road

3)

Com

mer

cial

pre

senc

e 4)

P

rese

nce

of

natu

ral p

erso

ns

I S

ecto

rorS

ub

sect

or

Lim

itat

ion

son

Mar

ketA

cces

s L

imit

atio

nso

nN

atio

nal

Tre

atm

ent

Ad

dit

ion

alC

om

mit

men

ts

F

orA

sset

Ma

na

ge

me

nt

Com

pani

es

-m

utua

l fun

d m

an

ag

em

en

t -

priv

ate

fund

ma

na

ge

me

nt

I 1)

Un

bo

un

d

1)

Non

e

-de

riva

tives

fund

m

an

ag

em

en

t I 2

) N

on

e

2)

Non

e

-ve

ntur

e ca

pita

l man

agem

ent

Ass

et

ma

na

ge

me

nt

I 3)

Un

bo

un

d e

xcep

t

I F

or

repr

esen

tativ

e of

fices

n

on

e

II F

or

ass

et m

an

ag

em

en

t com

pani

es

fore

ign

equi

ty p

artic

ipat

ion

can

be

allo

we

d u

p to

100

per

cent

ofp

aid-

up

capi

tal

How

ever

du

ring

the

firs

t fiv

e

year

saft

er th

e lic

ense

has

bee

n gr

ante

d a

t le

ast 5

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rcen

t o

f th

e

paid

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tal o

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an

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pany

mu

st b

e h

eld

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cial

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itutio

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tabl

ishe

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nd

er

Tha

i la

w7

3)

Non

e

For

Sec

uriti

es C

ompa

nies

tl

4A

s in

dic

ate

d in

the

hor

izon

tal s

ectio

n

4) A

s in

dica

ted

in t

he

hor

izon

tal s

ectio

n

Adv

isor

y I

nter

med

iatio

n an

d O

the

r Aux

iliar

y F

inan

cial

I 1

) U

nb

ou

nd

1)

N

one

Ser

vice

s

Inve

stm

en

t Adv

iSO

ry

I 2

No

ne

2)

N

one

7Fin

anci

al in

stitu

tions

esta

blis

hed

unde

r Tha

i law

s in

this

sec

tion

mea

n se

curit

ies

com

pani

es

com

mer

cial

ban

ks

life

insu

ranc

e co

mpa

nies

an

d sp

ecia

lized

fina

ncia

l in

stitu

tions

est

ablis

hed

unde

r spe

cific

law

s

11

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

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MM

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TS

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RF

INA

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IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

pl

Sec

toro

rSu

bse

cto

r

1lGr

oss-

bltl

rd~r

sup

ply

2) C

onsu

mpt

ion

abro

ad

lim

itat

ion

son

Mar

ketA

cces

s

3) C

omm

erci

al p

rese

nce

4)

Pre

senc

e o

f nat

ural

per

sons

lim

itat

ion

son

Nat

ion

alT

reat

men

t A

dd

itio

nal

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mm

itm

en

ts

3)

Unb

ound

exc

ept

I F

or r

epre

sent

ativ

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fices

no

ne

3)

Non

e

II F

or s

ecur

ities

com

pani

es

a)

fore

ign

equi

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artic

ipat

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can

be a

llow

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p to

100

per

cent

o

f pai

d-up

cap

ital

b)

Lice

nse

may

be

gra

nted

to

finan

cial

inst

itutio

ns li

cens

ed

unde

r T

hai L

aws

and

a li

mite

d co

mpa

ny w

hich

is n

ewly

es

tabl

ishe

d

4)A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

4)

A

s in

dica

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in t

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oriz

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l sec

tion

Oth

er a

uxili

ary

finan

cial

se

rvic

es

Cre

dit c

ard

serv

ices

(C

PC

811

33)

(Mob

ilizi

ng f

unds

from

the

pu

blic

is p

rohi

bite

d u

nles

s lic

ense

d un

der

a fin

anci

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law

)

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one

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) A

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dica

ted

in B

3)(

h)

abov

e

b)

Fin

anci

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stitu

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t obt

ain

prio

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prov

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rom

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Ban

k of

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haila

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one

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o lim

itatio

n as

long

as

fore

ign

equi

ty

part

icip

atio

n do

es n

ot e

xcee

d 49

per

ce

nt

4) A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

4) N

one

12

--

TH

AIL

AN

D

S

CH

ED

ULE

OF

SP

EC

IFIC

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MM

ITM

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TS

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RF

INA

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IALS

ER

VIC

ES

UN

DE

RA

FA

S

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--

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_

_

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-_

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-_

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_

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Se

cto

rorS

ub

sect

or

Lim

ita

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nso

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ark

etA

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ss

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ita

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ati

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rea

tme

nt

Ad

dit

lon

alC

om

mlt

me

n

ts

Fin

anci

al c

onsu

ltanc

y se

rvic

es

(CP

C 8

1332

)

1) U

nbou

nd

2) N

one

3) N

one

othe

r th

an t

hat

indi

cate

d in

the

ho

rizon

tal s

ectio

n

4)

As

indi

cate

d in

the

hor

izon

tal s

ectio

n

1) N

one

2) N

one

3) N

o lim

itatio

n as

long

as

fore

ign

equi

ty

part

icip

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es n

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OR

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ND

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Mo

de

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f Sup

ply

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ply

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nsu

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bro

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G()mmer~ii31

pr(

se

nce

4)

presell~e (

)f n

atu

ral p

ers

on

s

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cto

rorS

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sect

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ita

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A

Insu

ran

ce in

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rein

sura

nce

an

d

retr

oce

ssio

n

life

insu

ran

ce s

erv

ice

s(C

PC

8

12

11

) 1)

No

ne

2) N

on

e

3) a

) F

ore

ign

eq

uity

pa

rtic

ipa

tion

lim

ited

to

2

5 p

er

cen

t o

f re

gis

tere

d s

ha

re

capi

tal

b) N

ew

est

ab

lish

me

nt

is s

ub

ject

to

lice

nce

ap

pro

ved

by

the

Min

iste

r with

th

e c

on

sen

t of t

he

Ca

bin

et

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nly

se

nio

r m

an

ag

eri

al p

ers

on

ne

l sp

eci

alis

ts a

nd

te

chn

ica

l a

ssis

tan

ts w

ith

the

ap

pro

val o

f th

e I

nsu

ran

ce

Co

mm

issi

on

er

1) N

on

e

2)

life

insu

ran

ce p

rem

ium

is t

ax

de

du

ctib

le u

p to

a c

erta

in a

mo

un

t fo

r h

old

ers

of p

olic

ies

issu

ed

by

loca

l co

mp

an

ies

I 3)

No

ne

I 4)

No

ne

No

n-l

ife in

sura

nce

se

rvic

es

(CP

C 8

12

9)

1) U

nb

ou

nd

exc

ep

t fo

r in

tern

atio

na

l m

ari

ne

a

via

tion

an

d t

ran

sit

an

d a

ll cl

ass

es

of

rein

sura

nce

2)

No

ne

3) a

) F

ore

ign

eq

uity

pa

rtic

ipa

tion

lim

ited

to

2

5 p

erc

en

t of r

eg

iste

red

sh

are

ca

pita

l

1) U

nb

ou

nd

I 2)

No

ne

I 3)

No

ne

2

-1

TH

AIL

AN

D

SC

HE

DU

LEO

FS

PE

CIF

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ME

NT

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OR

FIN

AN

CIA

LSE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

1

Cro

ss-b

orde

r su

pply

2

) C

onsu

mpt

ion

abro

ad

3) C

omm

erci

al p

rese

nce

4)

Pre

senc

e o

f nat

ural

per

sons

Se

cto

rorS

ub

sect

or

Lim

ita

tio

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nM

ark

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ss

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itatio

nso

nN

atio

na

lTre

atm

en

t I A

dd

itio

na

lCo

mm

itme

n

ts

Ser

vice

s au

xilia

ry to

in

sura

nce

(exc

ludi

ng p

ensi

on

fund

ing

serv

ices

)

Insu

ranc

e br

okin

g an

d ag

ency

ser

vice

s (C

PC

814

01)(

Bro

kers

sha

ll n

ot i

nduc

e a

dvis

e o

r do

any

a

cts

so a

s to

cau

se a

ny

pers

on t

o en

ter

into

insu

ranc

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ntra

cts

with

ins

urer

s ab

road

ex

cept

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rein

sura

nce

cont

ract

s)

Insu

ranc

e co

nsul

tanc

y se

rvic

es

(CP

C 8

1402

)

b)

New

est

ablis

hmen

t is

sub

ject

to

licen

se a

ppro

ved

by

the

Min

iste

r w

ith

the

cons

ent o

f the

Cab

inet

4) O

nly

seni

or m

anag

eria

l per

sonn

el

spec

ialis

ts a

nd t

echn

ical

ass

ista

nts

with

th

e ap

prov

al o

f the

Ins

uran

ce

Com

mis

sion

er

1) U

nbou

nd

2) U

nbou

nd

3)

For

eign

equ

ity p

artic

ipat

ion

not

to

exce

ed 4

9 pe

r ce

nt

4) a

) O

nly

seni

or m

anag

eria

l per

sonn

el

spec

ialis

ts a

nd t

echn

ical

ass

ista

nts

with

the

app

rova

l of t

he I

nsur

ance

C

omm

issi

oner

b)

U

nbou

nd f

or in

divi

dual

bro

ker

and

agen

t

1) N

one

2) N

one

3) N

one

oth

er t

han

that

indi

cate

d in

the

ho

rizo

jltal

sec

tion

4 O

nly

seni

or m

anag

eria

l per

sonn

el

spec

ialis

ts a

nd t

echn

ical

ass

ista

nts

with

th

e ap

prov

al o

f the

Ins

uran

ce

I 4)

Non

e

1) U

nbou

nd

2) U

nbou

nd

3) N

o lim

itatio

n a

s lo

ng a

s fo

reig

n eq

uity

pa

rtic

ipat

ion

does

not

exc

eed

49

pe

r ce

nt

4) N

one

1) N

one

2) N

one

3) N

o lim

itatio

n as

long

as

fore

ign

equi

ty

part

icip

atio

n d

oe

s no

t exc

eed

49 p

er

cent

4) N

one

3

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

orde

r su

pply

2)

Con

sum

ptio

n ab

road

4

I

Se

cto

rorS

ub

sect

or

Lim

itatio

nso

nM

ark

etA

cce

ss

Ad

dit

ion

alC

om

mit

me

n

ts

1) N

one

se

rvic

es(C

PC

814

03)

2)

Non

e

Ave

rage

and

loss

adj

ustm

ent

I 1)

Non

e

2)

Non

e

3) N

one

oth

er t

han

that

indi

cate

d in

3)

No

limita

tion

as lo

ng a

s fo

reig

n eq

uity

th

ehor

izon

tal s

ectio

n

part

icip

atio

n d

oe

s no

texc

eed

49

pe

r ce

nt

4)N

one

pers

onne

lspe

cial

ists

and

tec

hnic

al

assi

stan

ts w

ith t

he a

ppro

val o

f the

In

sura

nce

Com

mis

sion

er

4) O

nly

seni

or m

anag

eria

l

~shy

1) N

one

1) N

one

(C

PC

814

04)

2)

Non

e

Act

uaria

l ser

vice

s

2) N

one

3) N

one

oth

er

than

tha

t in

dica

ted

in

3) N

o lim

itatio

n a

s lo

ng a

s fo

reig

n eq

uity

th

ehor

izon

tal s

ectio

n

part

icip

atio

n d

oe

s no

t exc

eed

49

per

ce

nt

4)N

one

pers

onne

lspe

cial

ists

and

tec

hnic

al

assi

stan

ts w

ith t

he a

ppro

val o

f the

In

sura

nce

Com

mis

sion

er

4) O

nly

seni

or m

anag

eria

l

4

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

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MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Su

I

Cro

ss-b

orde

r su

pply

~

Con

sum

ptio

n ab

road

3)

Com

mer

cial

pre

senc

e 4)

P

rese

nce

of n~

tura

l pe

rson

s

B

Ban

kin

g a

nd

Oth

er

Fin

anci

al S

erv

ice

s

Lim

ltat

ion

son

Mar

ketA

cces

s L

imit

atio

nso

nN

atio

nal

Tre

atm

ent

I

Ad

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ts

Acc

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of d

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anci

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Pay

men

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d m

on

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ser

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tr

avel

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and

ba

nke

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rafts

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rant

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com

mitm

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Tra

ding

fo

r ow

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coun

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for

acco

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of c

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on

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stru

men

ts

(B)F

orei

gn e

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nge

(D)E

xcha

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rate

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in

tere

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ate

inst

rum

ents

1)

Non

e fo

r fin

anci

al a

dvis

ory

and

finan

cial

d

ata

pro

cess

ing

Unb

ound

for

all

oth

er

serv

ices

1) N

one

2)

Non

e fo

r fin

anci

al a

dvis

ory

and

finan

cial

I2)

Non

e da

ta p

roce

ssin

g U

nbou

nd f

or

all

oth

er

serv

ices

3) a

) R

epre

sent

ativ

e of

ficeo

f ban

ks N

one

I3)

a) R

epre

sent

ativ

e of

fice

ofba

nks

Non

e b)

For

eign

ban

k br

anch

es

I N

one

for

exis

ting

fore

ign

bank

br

anch

es u

nder

pre

sent

sh

areh

oldi

ng s

truc

ture

N

ew

es

tabl

ishm

ent

is s

ubje

ct to

lic

ence

app

rove

d by

the

Min

iste

r o

f Fin

ance

with

the

co

nsen

t of t

he C

abin

et

II

AT

M o

pera

tions

per

mitt

ed

un

de

r th

e fo

llow

ing

cond

ition

s on

ly

i) jo

inin

g A

TM

poo

lsop

erat

ed b

y T

hai b

anks

o

r ii)

ope

ratio

n w

ithin

ow

n pr

emis

es

or

shar

ing

the

faci

litie

s w

ith

oth

er

com

mer

cial

ban

ks in

T

haila

nd

b) F

orei

gn b

ank

bran

ches

Non

e e

xcep

t as

indi

cate

d in

the

m

arke

t acc

ess

colu

mn

1 Th

e co

mm

itmen

ts fo

r S

ecur

ities

Com

pani

es u

nder

this

sub

sect

or a

re s

epar

atel

y lis

ted

belo

w

5

TH

AIL

AN

D

SC

HE

DU

LEO

FS

PE

CIF

ICC

OM

MIT

ME

NT

SF

OR

FIN

AN

CIA

LSE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

orde

r su

pply

2)

Co

nsu

mp

tion

ab

roa

d

3) C

omm

erci

al p

rese

nce

4

) P

rese

nce

of

natu

ral p

ers

on

s

Se

cto

rorS

ub

sect

or

Lim

itatio

nso

nM

ark

etA

cce

ss

Lim

itatio

nso

nN

atio

na

lTre

atm

en

t A

dd

itio

na

lCo

mm

itm

en

ts

(E)T

rans

fera

ble

secu

ritie

s

Par

ticip

atio

n in

iss

ues

of a

ll ki

nds

of s

ecur

ities

in

clud

ing

unde

r-w

ritin

g an

d p

lace

me

nt

as a

gent

(w

heth

er p

ublic

ly o

r pr

ivat

ely)

and

pro

visi

on o

f se

rvic

es r

elat

ed t

o s

uch

is

sues

2

III

Exi

stin

g fo

reig

n b

an

ks w

hich

al

read

y h

ad

th

e fi

rst

bran

ch o

ffic

e in

Th

aila

nd

pri

or

to J

uly

1995

will

ea

ch b

e p

erm

itte

d t

o o

pen

no

m

ore

than

tw

o a

dditi

onal

br

anch

es

IV N

on

e fo

r pa

rtic

ipat

ion

in c

hequ

e cl

eari

ng a

nd

se

ttle

me

nt s

yste

m

Ass

et m

an

ag

em

en

ea

s fo

llow

s

-ca

sh o

r po

rtfo

lio

man

agem

ent

-co

llect

ive

inve

stm

ent

man

agem

ent

-cu

stod

ian

and

depo

sito

ry s

erv

ice

s

Adv

isor

y i

nter

med

iatio

n a

nd

o

the

r au

xilia

ry f

inan

cial

se

rvic

es4

Pro

visi

on a

nd t

ran

sfe

r o

f fin

anci

al in

form

atio

n a

nd

fin

anci

al d

ata

pro

cess

ing

an

d

rela

ted

softw

are

c)

Loca

lly in

corp

ora

ted

ba

nks

I M

ark

et

acc

ess

lim

ited

to t

he

ac

quis

ition

of s

ha

res

of e

xist

ing

bank

s

II (

i) T

he

am

ou

nt o

f sha

res

held

by

pers

ons

of T

ha

i na

tiona

lity

shal

l n

ot b

e le

ss th

an

75

pe

rce

nt o

f th

e to

tal a

mo

un

t of v

otin

g sh

ares

sol

d C

om

bin

ed

sh

areh

oldi

ng o

f an

ind

ivid

ual

and

his

he

r re

late

d pe

rson

s sh

all

no

t e

xce

ed

10

pe

rce

nt o

f to

tal

nu

mb

er

of s

ha

res

sold

5

un

less

oth

erw

ise

per

mitt

ed b

y th

e B

an

k o

f Tha

iland

c)

Loca

lly in

corp

orat

ed b

an

ks

Non

e e

xce

pt a

s in

dica

ted

in t

he

m

ark

et a

cces

s co

lum

n

2 Th

e co

mm

itmen

ts fo

r S

ecur

ities

Com

pani

es u

nder

this

sub

sect

or a

re s

epar

atel

y lis

ted

belo

w

3 Th

e co

mm

itmen

ts fo

r Ass

et M

anag

emen

t Com

pani

es u

nder

this

sub

sect

or a

re s

epar

atel

y lis

ted

belo

w

4 Th

e co

mm

itmen

ts o

n In

vest

men

t Adv

isor

y fo

r S

ecur

ities

Com

pani

es u

nder

this

sub

sect

or a

re s

epar

atel

y lis

ted

belo

w

sro

tal n

umbe

r o

f sh

are

s so

ld i

nclu

de v

otin

g a

nd

no

n-v

otin

g s

ha

res

6

TH

AIL

AN

D

SC

HE

DU

LEO

FS

PE

CIF

ICC

OM

MIT

ME

NT

SF

OR

FIN

AN

CIA

LSE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

orde

r su

pply

2)

Con

sum

ptio

n ab

road

3)

Com

ll1er

cial

pre

senc

e 4)

P

rese

nce

of n

atur

al p~rsons

Se

cto

rorS

ub

sect

or

Lim

ita

tio

nso

nM

ark

etA

cce

ss

Lim

ita

tio

nso

nN

ati

on

alT

rea

tme

nt

Ad

dit

ion

alC

om

mit

me

n

ts

(ii)ln

the

ca

se w

here

the

Ban

k o

f T

haila

nd d

eem

s ap

prop

riate

th

e B

ank

of T

haila

nd m

ay g

rant

pe

rmis

sion

tha

t per

sons

of n

onshy

Tha

i na

tiona

lity

hold

sha

res

up

to 4

9 p

erce

nt o

f the

tot

al

amou

nt o

f vot

ing

shar

es s

old

(iii)

In t

he c

ase

whe

re it

is

nece

ssar

y to

rec

tify

the

oper

atio

n o

r to

str

engt

hen

the

stab

ility

of

any

loca

lly

inco

rpor

ated

ban

k o

r fo

r th

e pu

rpos

e o

f the

fina

ncia

l in

stitu

tions

sys

tem

sta

bilit

y t

he

Fin

ance

Min

iste

r with

the

re

com

men

datio

n o

f the

Ban

k o

f T

haila

nd s

hall

have

the

pow

er

to r

elax

the

req

uire

men

t o

f the

sh

areh

oldi

ng o

ther

than

tho

se

pres

crib

ed in

(c)

(

ii)

Suc

h eq

uity

par

ticip

atio

n w

ill b

e au

thor

ized

for

a p

erio

d o

f up

to

10 y

ears

w

ith fo

reig

n sh

areh

olde

rs w

ho e

nter

in t

his

perio

d be

ing

gran

dfat

here

d th

erea

fter

with

res

pect

to th

e ab

solu

te a

mou

nt o

f the

ir eq

uity

ho

ldin

g

III

(i) A

t le

ast t

hree

-fou

rths

of t

he

dire

ctor

s m

ust b

e o

f Tha

i na

tiona

lity

(ii

) In

th

e c

ase

whe

re t

he B

ank

of

7

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

ord

er

supp

ly

2) C

onsu

mpt

ion

abro

ad

3) C

omm

erci

al p

rese

nce

4)

Presenc~ o

f nat

ural

-pe=

-r-s

on

s---_

_--

Sec

toro

rSu

bse

cto

r L

imit

atio

nso

nM

arke

tAcc

ess

Lim

itat

ion

son

Nat

ion

alT

reat

men

t A

dd

itio

nal

Co

mm

itm

en

ts

Tha

iland

de

em

s ap

prop

riat

e

Th

e B

ank

of T

haila

nd m

ay

perm

it a

prop

ortio

n o

f non

-Tha

i na

tiona

lity

dir

ect

ors

of m

ore

than

one

-qua

rter

s b

ut s

hall

not

reac

h on

e h

alf

of t

he

tot

al

nu

mb

er

of d

irec

tors

(ii

i) In

the

cas

e w

he

re it

is

nece

ssar

y to

rec

tify

the

op

erat

ion

or

to s

tren

gthe

n th

e st

abili

ty o

f an

y lo

cally

in

corp

orat

ed b

an

k o

r fo

r th

e pu

rpos

e o

f th

e fi

nanc

ial

inst

itutio

n sy

stem

sta

bilit

y t

he

Fin

ance

Min

iste

r w

ith t

he

re

com

men

datio

n o

f th

e B

ank

of

Tha

iland

sha

ll h

ave

th

e p

ower

to

rel

ax t

he

re

qu

ire

me

nt

of t

he

dire

ctor

ship

oth

er

than

tho

se

pres

crib

ed in

(c)

III

(ii)

abov

e

Suc

h re

laxa

tion

ma

y be

gr

ante

d w

ith r

ule

an

d t

ime

clau

se

d) F

inan

cial

leas

ing

serv

ice

s

Can

onl

y be

pro

vide

d by

lea

sing

co

mpa

nies

whi

ch a

re s

ub

ject

to

max

imum

for

eign

eq

uity

par

ticip

atio

n o

f 49

per

cent

of p

aid

-up

reg

iste

red

capi

tal

or

by f

inan

ce c

om

pa

nie

s w

hich

are

sub

ject

to

ma

xim

um

fo

reig

n eq

uity

par

ticip

atio

n o

f 25

per

ce

nt o

f pai

d-up

reg

iste

red

capi

tal

d) F

inan

cial

leas

ing

serv

ices

Non

e

8

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

orde

r su

pply

2)

Con

sum

ptio

n ab

road

3)

Com

mer

cial

pre

senc

e 4)

P

rese

nce

of n

atur

al p

erso

ns

Sec

toro

rSu

bse

cto

r L

imit

atio

nso

nM

arke

tAcc

ess

Lim

itat

ion

son

Nat

ion

alT

reat

men

t A

dd

itio

nal

Co

mm

itm

en

ts

e) F

acto

ring

serv

ices

e)

Fac

torin

g se

rvic

es

Can

onl

y b

e pr

ovid

ed b

y fa

ctor

ing

com

pani

es w

hich

are

sub

ject

to

max

imum

for

eign

equ

ity p

artic

ipat

ion

of 4

9 pe

r cen

t of

pai

d-up

reg

iste

red

capi

tal

or

by fi

nanc

e co

mpa

nies

w

hich

are

sub

ject

to m

axim

um

fore

ign

equi

ty p

artic

ipat

ion

of 2

5 pe

r ce

nt o

f pai

d-up

reg

iste

red

capi

tal

Non

e

f)

Cre

dit

char

ge a

nd d

ebit

card

s f)

Cre

dit

char

ge a

nd d

ebit

card

s

Cre

dit

char

ge a

nd d

ebit

card

s ca

n on

ly b

e pr

ovid

ed b

y co

mpa

nies

w

hich

are

sub

ject

to

max

imum

fo

reig

n eq

uity

par

ticip

atio

n o

f 49

perc

ent

of p

aid-

up r

egis

tere

d ca

pita

l or

loca

lly in

corp

orat

ed b

an

ks a

nd

fore

ign

bank

bra

nche

s

Non

e

The

con

duct

of b

usin

esse

s un

der

d)

e) a

nd f)

will

be

subj

ect t

o lic

enS

ing

and

regu

latio

ns t

o b

e an

noun

ced

4)

For

ban

ks

repr

esen

tativ

e of

fices

and

fin

ance

com

pani

es

no q

uant

itativ

e lim

it ap

plie

s fo

r A

SE

AN

nat

iona

ls

App

rova

l sha

ll be

gra

nted

bas

ed o

n fo

reig

n se

rvic

es p

rovi

ders

bus

ines

s pl

ans

and

need

s

I 4)

Non

e

9

I

TH

AIL

AN

D

SC

HE

DU

LEO

FS

PE

CIF

ICC

OM

MIT

ME

NT

SF

OR

FIN

AN

CIA

LSE

RV

ICE

SU

NO

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

orde

r su

pply

2)

Con

sum

ptio

n ab

road

3)

Com

mer

cial

pre

senc

e 4)

P

rese

nce

of

natu

ral p

erso

ns

ii

Se

cto

rorS

ub

sect

or

Li m

itatio

nso

nM

ark

etA

cce

ss i

Lim

itatio

nso

nN

atio

na

lTre

atm

en

t A

dd

itio

na

lCo

mm

itm

en

ts

For

Sec

uriti

es C

ompa

nies

5

-se

curit

ies

brok

erag

e an

d de

alin

g -

deriv

ativ

es b

roke

rage

and

de

alin

g -

secu

ritie

s bo

rrow

ing

and

lend

ing

Tra

ding

for

ow

n ac

coun

t o

r fo

r ac

coun

t of c

usto

mer

s in

th

e fo

llow

ing

(C

) de

rivat

ive

prod

ucts

inc

l

but n

ot li

mite

d to

fu

ture

s an

d op

tions

(E

) tr

ansf

erab

le s

ecur

ities

1)

Unb

ound

2)

Non

e

3)

Unb

ound

exc

ept

I F

or r

epre

sent

ativ

e of

fices

no

ne

II F

or li

cens

ed s

ecur

ities

com

pany

fo

reig

n eq

uity

par

ticip

atio

n ca

n b

e

allo

wed

up

to 1

00 p

erce

nt o

fpai

d-up

ca

pita

l

4)

As

indi

cate

d in

the

hor

izon

tal s

ectio

n

1)

Non

e

2) N

one

3) N

one

4) A

s in

dica

ted

in t

he

hor

izon

tal s

ectio

n

For

Sec

uriti

es C

ompa

nies

tl

Sec

uriti

es U

nder

writ

ing

I 1)

Unb

ound

1)

N

one

Par

ticip

atio

n in

iss

ues

of a

ll ki

nds

of s

ecur

ities

in

clud

ing

I 2)

Non

e 2)

Non

e

unde

rwrit

ing

and

plac

emen

t as

age

nts

(whe

ther

pub

licly

or

priv

atel

y) a

nd p

rovi

sion

of

serv

ices

rel

ated

to

suc

h is

sues

I 3)

Unb

ound

exc

ept

I I

For

rep

rese

ntat

ive

offic

es

none

II F

or li

cens

ed s

ecur

ities

com

pany

fo

reig

n eq

uity

par

ticip

atio

n ca

n be

al

low

ed u

p to

100

per

cent

of p

aid-

up

capi

tal

3) N

one

41A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

4)

A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

6Sec

uriti

es c

ompa

nies

mea

n se

curit

ies

com

pani

es w

hich

are

not

com

mer

cial

ban

ks a

nd in

sura

nce

com

pani

es

10

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mo

de

s o

f Sllp

plL

1) G

ross-b()

rcj~

r su

pply

2)

Con

sulT

lptio

n ab

road

3)

Com

mer

cial

pre

senc

e 4)

P

rese

nce

of

natu

ral p

erso

ns

I S

ecto

rorS

ub

sect

or

Lim

itat

ion

son

Mar

ketA

cces

s L

imit

atio

nso

nN

atio

nal

Tre

atm

ent

Ad

dit

ion

alC

om

mit

men

ts

F

orA

sset

Ma

na

ge

me

nt

Com

pani

es

-m

utua

l fun

d m

an

ag

em

en

t -

priv

ate

fund

ma

na

ge

me

nt

I 1)

Un

bo

un

d

1)

Non

e

-de

riva

tives

fund

m

an

ag

em

en

t I 2

) N

on

e

2)

Non

e

-ve

ntur

e ca

pita

l man

agem

ent

Ass

et

ma

na

ge

me

nt

I 3)

Un

bo

un

d e

xcep

t

I F

or

repr

esen

tativ

e of

fices

n

on

e

II F

or

ass

et m

an

ag

em

en

t com

pani

es

fore

ign

equi

ty p

artic

ipat

ion

can

be

allo

we

d u

p to

100

per

cent

ofp

aid-

up

capi

tal

How

ever

du

ring

the

firs

t fiv

e

year

saft

er th

e lic

ense

has

bee

n gr

ante

d a

t le

ast 5

0 pe

rcen

t o

f th

e

paid

-up

capi

tal o

f th

ea

sse

t m

an

ag

em

en

t com

pany

mu

st b

e h

eld

by

finan

cial

inst

itutio

nses

tabl

ishe

d u

nd

er

Tha

i la

w7

3)

Non

e

For

Sec

uriti

es C

ompa

nies

tl

4A

s in

dic

ate

d in

the

hor

izon

tal s

ectio

n

4) A

s in

dica

ted

in t

he

hor

izon

tal s

ectio

n

Adv

isor

y I

nter

med

iatio

n an

d O

the

r Aux

iliar

y F

inan

cial

I 1

) U

nb

ou

nd

1)

N

one

Ser

vice

s

Inve

stm

en

t Adv

iSO

ry

I 2

No

ne

2)

N

one

7Fin

anci

al in

stitu

tions

esta

blis

hed

unde

r Tha

i law

s in

this

sec

tion

mea

n se

curit

ies

com

pani

es

com

mer

cial

ban

ks

life

insu

ranc

e co

mpa

nies

an

d sp

ecia

lized

fina

ncia

l in

stitu

tions

est

ablis

hed

unde

r spe

cific

law

s

11

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

pl

Sec

toro

rSu

bse

cto

r

1lGr

oss-

bltl

rd~r

sup

ply

2) C

onsu

mpt

ion

abro

ad

lim

itat

ion

son

Mar

ketA

cces

s

3) C

omm

erci

al p

rese

nce

4)

Pre

senc

e o

f nat

ural

per

sons

lim

itat

ion

son

Nat

ion

alT

reat

men

t A

dd

itio

nal

Co

mm

itm

en

ts

3)

Unb

ound

exc

ept

I F

or r

epre

sent

ativ

e of

fices

no

ne

3)

Non

e

II F

or s

ecur

ities

com

pani

es

a)

fore

ign

equi

ty p

artic

ipat

ion

can

be a

llow

ed u

p to

100

per

cent

o

f pai

d-up

cap

ital

b)

Lice

nse

may

be

gra

nted

to

finan

cial

inst

itutio

ns li

cens

ed

unde

r T

hai L

aws

and

a li

mite

d co

mpa

ny w

hich

is n

ewly

es

tabl

ishe

d

4)A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

4)

A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

Oth

er a

uxili

ary

finan

cial

se

rvic

es

Cre

dit c

ard

serv

ices

(C

PC

811

33)

(Mob

ilizi

ng f

unds

from

the

pu

blic

is p

rohi

bite

d u

nles

s lic

ense

d un

der

a fin

anci

al

law

)

1) N

one

2) N

one

3) a

) A

s in

dica

ted

in B

3)(

h)

abov

e

b)

Fin

anci

al in

stitu

tions

mus

t obt

ain

prio

r ap

prov

al f

rom

the

Ban

k of

T

haila

nd

1) N

one

2) N

one

3) N

o lim

itatio

n as

long

as

fore

ign

equi

ty

part

icip

atio

n do

es n

ot e

xcee

d 49

per

ce

nt

4) A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

4) N

one

12

--

TH

AIL

AN

D

S

CH

ED

ULE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IALS

ER

VIC

ES

UN

DE

RA

FA

S

-_ -

-__

__

--

-__

__ -_

--

--

_

_

_

_ _

_---

__

-_

_

-_

_

-__

_-

_

-_

--

_

_-_

_--__

--_

-

Se

cto

rorS

ub

sect

or

Lim

ita

tio

nso

nM

ark

etA

cce

ss

Lim

ita

tio

nso

nN

ati

on

alT

rea

tme

nt

Ad

dit

lon

alC

om

mlt

me

n

ts

Fin

anci

al c

onsu

ltanc

y se

rvic

es

(CP

C 8

1332

)

1) U

nbou

nd

2) N

one

3) N

one

othe

r th

an t

hat

indi

cate

d in

the

ho

rizon

tal s

ectio

n

4)

As

indi

cate

d in

the

hor

izon

tal s

ectio

n

1) N

one

2) N

one

3) N

o lim

itatio

n as

long

as

fore

ign

equi

ty

part

icip

atio

n do

es n

ot e

xcee

d 4

9 p

er

cent

4)

Non

e

-shy

bull 13


~t )~ Qi) c t5~

II (Q) ~ r II

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t

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411 J


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c aV

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ev 00 r G) -00

r c -00

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laquo)centV laquo)

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----YO--shy

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Pro

toco

l to

Imp

lem

en

t th

e S

ixth

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kage

of C

om

mit

me

nt o

n F

ina

nci

al S

erv

ice

s

un

de

r th

e A

SE

AN

Fra

me

wo

rk A

gre

em

en

t on

Se

rvic

es

TH

AIL

AN

D

SC

HE

DU

LE O

F S

PE

CIF

IC S

ER

VIC

ES

CO

MM

ITM

EN

TS

TH

AIL

AN

D

SC

HE

DU

LEO

FS

PE

CIF

ICC

OM

MIT

ME

NT

SF

OR

FIN

AN

CIA

LSE

RV

ICE

SU

ND

ER

AF

AS

Mo

de

s o

f Sup

ply

1)

Gro

ss-b

ord

er

sup

ply

2)

Co

nsu

mp

tio

n a

bro

ad

3)

G()mmer~ii31

pr(

se

nce

4)

presell~e (

)f n

atu

ral p

ers

on

s

Se

cto

rorS

ub

sect

or

Lim

ita

tio

nso

nM

ark

etA

cce

ss

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itatio

nso

nN

atlo

na

lTre

atm

en

t I

Ad

dit

lon

alC

om

mit

me

n

ts

A

Insu

ran

ce in

clu

din

g

rein

sura

nce

an

d

retr

oce

ssio

n

life

insu

ran

ce s

erv

ice

s(C

PC

8

12

11

) 1)

No

ne

2) N

on

e

3) a

) F

ore

ign

eq

uity

pa

rtic

ipa

tion

lim

ited

to

2

5 p

er

cen

t o

f re

gis

tere

d s

ha

re

capi

tal

b) N

ew

est

ab

lish

me

nt

is s

ub

ject

to

lice

nce

ap

pro

ved

by

the

Min

iste

r with

th

e c

on

sen

t of t

he

Ca

bin

et

4) O

nly

se

nio

r m

an

ag

eri

al p

ers

on

ne

l sp

eci

alis

ts a

nd

te

chn

ica

l a

ssis

tan

ts w

ith

the

ap

pro

val o

f th

e I

nsu

ran

ce

Co

mm

issi

on

er

1) N

on

e

2)

life

insu

ran

ce p

rem

ium

is t

ax

de

du

ctib

le u

p to

a c

erta

in a

mo

un

t fo

r h

old

ers

of p

olic

ies

issu

ed

by

loca

l co

mp

an

ies

I 3)

No

ne

I 4)

No

ne

No

n-l

ife in

sura

nce

se

rvic

es

(CP

C 8

12

9)

1) U

nb

ou

nd

exc

ep

t fo

r in

tern

atio

na

l m

ari

ne

a

via

tion

an

d t

ran

sit

an

d a

ll cl

ass

es

of

rein

sura

nce

2)

No

ne

3) a

) F

ore

ign

eq

uity

pa

rtic

ipa

tion

lim

ited

to

2

5 p

erc

en

t of r

eg

iste

red

sh

are

ca

pita

l

1) U

nb

ou

nd

I 2)

No

ne

I 3)

No

ne

2

-1

TH

AIL

AN

D

SC

HE

DU

LEO

FS

PE

CIF

ICC

OM

MIT

ME

NT

SF

OR

FIN

AN

CIA

LSE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

1

Cro

ss-b

orde

r su

pply

2

) C

onsu

mpt

ion

abro

ad

3) C

omm

erci

al p

rese

nce

4)

Pre

senc

e o

f nat

ural

per

sons

Se

cto

rorS

ub

sect

or

Lim

ita

tio

nso

nM

ark

etA

cce

ss

Lim

itatio

nso

nN

atio

na

lTre

atm

en

t I A

dd

itio

na

lCo

mm

itme

n

ts

Ser

vice

s au

xilia

ry to

in

sura

nce

(exc

ludi

ng p

ensi

on

fund

ing

serv

ices

)

Insu

ranc

e br

okin

g an

d ag

ency

ser

vice

s (C

PC

814

01)(

Bro

kers

sha

ll n

ot i

nduc

e a

dvis

e o

r do

any

a

cts

so a

s to

cau

se a

ny

pers

on t

o en

ter

into

insu

ranc

e co

ntra

cts

with

ins

urer

s ab

road

ex

cept

for

rein

sura

nce

cont

ract

s)

Insu

ranc

e co

nsul

tanc

y se

rvic

es

(CP

C 8

1402

)

b)

New

est

ablis

hmen

t is

sub

ject

to

licen

se a

ppro

ved

by

the

Min

iste

r w

ith

the

cons

ent o

f the

Cab

inet

4) O

nly

seni

or m

anag

eria

l per

sonn

el

spec

ialis

ts a

nd t

echn

ical

ass

ista

nts

with

th

e ap

prov

al o

f the

Ins

uran

ce

Com

mis

sion

er

1) U

nbou

nd

2) U

nbou

nd

3)

For

eign

equ

ity p

artic

ipat

ion

not

to

exce

ed 4

9 pe

r ce

nt

4) a

) O

nly

seni

or m

anag

eria

l per

sonn

el

spec

ialis

ts a

nd t

echn

ical

ass

ista

nts

with

the

app

rova

l of t

he I

nsur

ance

C

omm

issi

oner

b)

U

nbou

nd f

or in

divi

dual

bro

ker

and

agen

t

1) N

one

2) N

one

3) N

one

oth

er t

han

that

indi

cate

d in

the

ho

rizo

jltal

sec

tion

4 O

nly

seni

or m

anag

eria

l per

sonn

el

spec

ialis

ts a

nd t

echn

ical

ass

ista

nts

with

th

e ap

prov

al o

f the

Ins

uran

ce

I 4)

Non

e

1) U

nbou

nd

2) U

nbou

nd

3) N

o lim

itatio

n a

s lo

ng a

s fo

reig

n eq

uity

pa

rtic

ipat

ion

does

not

exc

eed

49

pe

r ce

nt

4) N

one

1) N

one

2) N

one

3) N

o lim

itatio

n as

long

as

fore

ign

equi

ty

part

icip

atio

n d

oe

s no

t exc

eed

49 p

er

cent

4) N

one

3

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

orde

r su

pply

2)

Con

sum

ptio

n ab

road

4

I

Se

cto

rorS

ub

sect

or

Lim

itatio

nso

nM

ark

etA

cce

ss

Ad

dit

ion

alC

om

mit

me

n

ts

1) N

one

se

rvic

es(C

PC

814

03)

2)

Non

e

Ave

rage

and

loss

adj

ustm

ent

I 1)

Non

e

2)

Non

e

3) N

one

oth

er t

han

that

indi

cate

d in

3)

No

limita

tion

as lo

ng a

s fo

reig

n eq

uity

th

ehor

izon

tal s

ectio

n

part

icip

atio

n d

oe

s no

texc

eed

49

pe

r ce

nt

4)N

one

pers

onne

lspe

cial

ists

and

tec

hnic

al

assi

stan

ts w

ith t

he a

ppro

val o

f the

In

sura

nce

Com

mis

sion

er

4) O

nly

seni

or m

anag

eria

l

~shy

1) N

one

1) N

one

(C

PC

814

04)

2)

Non

e

Act

uaria

l ser

vice

s

2) N

one

3) N

one

oth

er

than

tha

t in

dica

ted

in

3) N

o lim

itatio

n a

s lo

ng a

s fo

reig

n eq

uity

th

ehor

izon

tal s

ectio

n

part

icip

atio

n d

oe

s no

t exc

eed

49

per

ce

nt

4)N

one

pers

onne

lspe

cial

ists

and

tec

hnic

al

assi

stan

ts w

ith t

he a

ppro

val o

f the

In

sura

nce

Com

mis

sion

er

4) O

nly

seni

or m

anag

eria

l

4

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Su

I

Cro

ss-b

orde

r su

pply

~

Con

sum

ptio

n ab

road

3)

Com

mer

cial

pre

senc

e 4)

P

rese

nce

of n~

tura

l pe

rson

s

B

Ban

kin

g a

nd

Oth

er

Fin

anci

al S

erv

ice

s

Lim

ltat

ion

son

Mar

ketA

cces

s L

imit

atio

nso

nN

atio

nal

Tre

atm

ent

I

Ad

dit

ion

alC

om

mit

men

ts

Acc

epta

nce

of d

epos

its a

nd

othe

r re

paya

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fund

s fr

om

the

publ

ic

Lend

ing

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ll ty

pes

inc

ludi

ng

cons

umer

cre

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edit

fac

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d fin

anci

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ansa

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Fin

anci

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ng

Pay

men

t an

d m

on

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tran

smis

sion

ser

vice

s in

clud

ing

cred

it c

harg

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bit c

ards

tr

avel

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cheq

ues

and

ba

nke

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rafts

Gua

rant

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and

com

mitm

ents

Tra

ding

fo

r ow

n ac

coun

t or

for

acco

unt

of c

usto

mer

s1in

th

e fo

llow

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(A) M

on

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ma

rke

t in

stru

men

ts

(B)F

orei

gn e

xcha

nge

(D)E

xcha

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rate

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in

tere

st r

ate

inst

rum

ents

1)

Non

e fo

r fin

anci

al a

dvis

ory

and

finan

cial

d

ata

pro

cess

ing

Unb

ound

for

all

oth

er

serv

ices

1) N

one

2)

Non

e fo

r fin

anci

al a

dvis

ory

and

finan

cial

I2)

Non

e da

ta p

roce

ssin

g U

nbou

nd f

or

all

oth

er

serv

ices

3) a

) R

epre

sent

ativ

e of

ficeo

f ban

ks N

one

I3)

a) R

epre

sent

ativ

e of

fice

ofba

nks

Non

e b)

For

eign

ban

k br

anch

es

I N

one

for

exis

ting

fore

ign

bank

br

anch

es u

nder

pre

sent

sh

areh

oldi

ng s

truc

ture

N

ew

es

tabl

ishm

ent

is s

ubje

ct to

lic

ence

app

rove

d by

the

Min

iste

r o

f Fin

ance

with

the

co

nsen

t of t

he C

abin

et

II

AT

M o

pera

tions

per

mitt

ed

un

de

r th

e fo

llow

ing

cond

ition

s on

ly

i) jo

inin

g A

TM

poo

lsop

erat

ed b

y T

hai b

anks

o

r ii)

ope

ratio

n w

ithin

ow

n pr

emis

es

or

shar

ing

the

faci

litie

s w

ith

oth

er

com

mer

cial

ban

ks in

T

haila

nd

b) F

orei

gn b

ank

bran

ches

Non

e e

xcep

t as

indi

cate

d in

the

m

arke

t acc

ess

colu

mn

1 Th

e co

mm

itmen

ts fo

r S

ecur

ities

Com

pani

es u

nder

this

sub

sect

or a

re s

epar

atel

y lis

ted

belo

w

5

TH

AIL

AN

D

SC

HE

DU

LEO

FS

PE

CIF

ICC

OM

MIT

ME

NT

SF

OR

FIN

AN

CIA

LSE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

orde

r su

pply

2)

Co

nsu

mp

tion

ab

roa

d

3) C

omm

erci

al p

rese

nce

4

) P

rese

nce

of

natu

ral p

ers

on

s

Se

cto

rorS

ub

sect

or

Lim

itatio

nso

nM

ark

etA

cce

ss

Lim

itatio

nso

nN

atio

na

lTre

atm

en

t A

dd

itio

na

lCo

mm

itm

en

ts

(E)T

rans

fera

ble

secu

ritie

s

Par

ticip

atio

n in

iss

ues

of a

ll ki

nds

of s

ecur

ities

in

clud

ing

unde

r-w

ritin

g an

d p

lace

me

nt

as a

gent

(w

heth

er p

ublic

ly o

r pr

ivat

ely)

and

pro

visi

on o

f se

rvic

es r

elat

ed t

o s

uch

is

sues

2

III

Exi

stin

g fo

reig

n b

an

ks w

hich

al

read

y h

ad

th

e fi

rst

bran

ch o

ffic

e in

Th

aila

nd

pri

or

to J

uly

1995

will

ea

ch b

e p

erm

itte

d t

o o

pen

no

m

ore

than

tw

o a

dditi

onal

br

anch

es

IV N

on

e fo

r pa

rtic

ipat

ion

in c

hequ

e cl

eari

ng a

nd

se

ttle

me

nt s

yste

m

Ass

et m

an

ag

em

en

ea

s fo

llow

s

-ca

sh o

r po

rtfo

lio

man

agem

ent

-co

llect

ive

inve

stm

ent

man

agem

ent

-cu

stod

ian

and

depo

sito

ry s

erv

ice

s

Adv

isor

y i

nter

med

iatio

n a

nd

o

the

r au

xilia

ry f

inan

cial

se

rvic

es4

Pro

visi

on a

nd t

ran

sfe

r o

f fin

anci

al in

form

atio

n a

nd

fin

anci

al d

ata

pro

cess

ing

an

d

rela

ted

softw

are

c)

Loca

lly in

corp

ora

ted

ba

nks

I M

ark

et

acc

ess

lim

ited

to t

he

ac

quis

ition

of s

ha

res

of e

xist

ing

bank

s

II (

i) T

he

am

ou

nt o

f sha

res

held

by

pers

ons

of T

ha

i na

tiona

lity

shal

l n

ot b

e le

ss th

an

75

pe

rce

nt o

f th

e to

tal a

mo

un

t of v

otin

g sh

ares

sol

d C

om

bin

ed

sh

areh

oldi

ng o

f an

ind

ivid

ual

and

his

he

r re

late

d pe

rson

s sh

all

no

t e

xce

ed

10

pe

rce

nt o

f to

tal

nu

mb

er

of s

ha

res

sold

5

un

less

oth

erw

ise

per

mitt

ed b

y th

e B

an

k o

f Tha

iland

c)

Loca

lly in

corp

orat

ed b

an

ks

Non

e e

xce

pt a

s in

dica

ted

in t

he

m

ark

et a

cces

s co

lum

n

2 Th

e co

mm

itmen

ts fo

r S

ecur

ities

Com

pani

es u

nder

this

sub

sect

or a

re s

epar

atel

y lis

ted

belo

w

3 Th

e co

mm

itmen

ts fo

r Ass

et M

anag

emen

t Com

pani

es u

nder

this

sub

sect

or a

re s

epar

atel

y lis

ted

belo

w

4 Th

e co

mm

itmen

ts o

n In

vest

men

t Adv

isor

y fo

r S

ecur

ities

Com

pani

es u

nder

this

sub

sect

or a

re s

epar

atel

y lis

ted

belo

w

sro

tal n

umbe

r o

f sh

are

s so

ld i

nclu

de v

otin

g a

nd

no

n-v

otin

g s

ha

res

6

TH

AIL

AN

D

SC

HE

DU

LEO

FS

PE

CIF

ICC

OM

MIT

ME

NT

SF

OR

FIN

AN

CIA

LSE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

orde

r su

pply

2)

Con

sum

ptio

n ab

road

3)

Com

ll1er

cial

pre

senc

e 4)

P

rese

nce

of n

atur

al p~rsons

Se

cto

rorS

ub

sect

or

Lim

ita

tio

nso

nM

ark

etA

cce

ss

Lim

ita

tio

nso

nN

ati

on

alT

rea

tme

nt

Ad

dit

ion

alC

om

mit

me

n

ts

(ii)ln

the

ca

se w

here

the

Ban

k o

f T

haila

nd d

eem

s ap

prop

riate

th

e B

ank

of T

haila

nd m

ay g

rant

pe

rmis

sion

tha

t per

sons

of n

onshy

Tha

i na

tiona

lity

hold

sha

res

up

to 4

9 p

erce

nt o

f the

tot

al

amou

nt o

f vot

ing

shar

es s

old

(iii)

In t

he c

ase

whe

re it

is

nece

ssar

y to

rec

tify

the

oper

atio

n o

r to

str

engt

hen

the

stab

ility

of

any

loca

lly

inco

rpor

ated

ban

k o

r fo

r th

e pu

rpos

e o

f the

fina

ncia

l in

stitu

tions

sys

tem

sta

bilit

y t

he

Fin

ance

Min

iste

r with

the

re

com

men

datio

n o

f the

Ban

k o

f T

haila

nd s

hall

have

the

pow

er

to r

elax

the

req

uire

men

t o

f the

sh

areh

oldi

ng o

ther

than

tho

se

pres

crib

ed in

(c)

(

ii)

Suc

h eq

uity

par

ticip

atio

n w

ill b

e au

thor

ized

for

a p

erio

d o

f up

to

10 y

ears

w

ith fo

reig

n sh

areh

olde

rs w

ho e

nter

in t

his

perio

d be

ing

gran

dfat

here

d th

erea

fter

with

res

pect

to th

e ab

solu

te a

mou

nt o

f the

ir eq

uity

ho

ldin

g

III

(i) A

t le

ast t

hree

-fou

rths

of t

he

dire

ctor

s m

ust b

e o

f Tha

i na

tiona

lity

(ii

) In

th

e c

ase

whe

re t

he B

ank

of

7

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

ord

er

supp

ly

2) C

onsu

mpt

ion

abro

ad

3) C

omm

erci

al p

rese

nce

4)

Presenc~ o

f nat

ural

-pe=

-r-s

on

s---_

_--

Sec

toro

rSu

bse

cto

r L

imit

atio

nso

nM

arke

tAcc

ess

Lim

itat

ion

son

Nat

ion

alT

reat

men

t A

dd

itio

nal

Co

mm

itm

en

ts

Tha

iland

de

em

s ap

prop

riat

e

Th

e B

ank

of T

haila

nd m

ay

perm

it a

prop

ortio

n o

f non

-Tha

i na

tiona

lity

dir

ect

ors

of m

ore

than

one

-qua

rter

s b

ut s

hall

not

reac

h on

e h

alf

of t

he

tot

al

nu

mb

er

of d

irec

tors

(ii

i) In

the

cas

e w

he

re it

is

nece

ssar

y to

rec

tify

the

op

erat

ion

or

to s

tren

gthe

n th

e st

abili

ty o

f an

y lo

cally

in

corp

orat

ed b

an

k o

r fo

r th

e pu

rpos

e o

f th

e fi

nanc

ial

inst

itutio

n sy

stem

sta

bilit

y t

he

Fin

ance

Min

iste

r w

ith t

he

re

com

men

datio

n o

f th

e B

ank

of

Tha

iland

sha

ll h

ave

th

e p

ower

to

rel

ax t

he

re

qu

ire

me

nt

of t

he

dire

ctor

ship

oth

er

than

tho

se

pres

crib

ed in

(c)

III

(ii)

abov

e

Suc

h re

laxa

tion

ma

y be

gr

ante

d w

ith r

ule

an

d t

ime

clau

se

d) F

inan

cial

leas

ing

serv

ice

s

Can

onl

y be

pro

vide

d by

lea

sing

co

mpa

nies

whi

ch a

re s

ub

ject

to

max

imum

for

eign

eq

uity

par

ticip

atio

n o

f 49

per

cent

of p

aid

-up

reg

iste

red

capi

tal

or

by f

inan

ce c

om

pa

nie

s w

hich

are

sub

ject

to

ma

xim

um

fo

reig

n eq

uity

par

ticip

atio

n o

f 25

per

ce

nt o

f pai

d-up

reg

iste

red

capi

tal

d) F

inan

cial

leas

ing

serv

ices

Non

e

8

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

orde

r su

pply

2)

Con

sum

ptio

n ab

road

3)

Com

mer

cial

pre

senc

e 4)

P

rese

nce

of n

atur

al p

erso

ns

Sec

toro

rSu

bse

cto

r L

imit

atio

nso

nM

arke

tAcc

ess

Lim

itat

ion

son

Nat

ion

alT

reat

men

t A

dd

itio

nal

Co

mm

itm

en

ts

e) F

acto

ring

serv

ices

e)

Fac

torin

g se

rvic

es

Can

onl

y b

e pr

ovid

ed b

y fa

ctor

ing

com

pani

es w

hich

are

sub

ject

to

max

imum

for

eign

equ

ity p

artic

ipat

ion

of 4

9 pe

r cen

t of

pai

d-up

reg

iste

red

capi

tal

or

by fi

nanc

e co

mpa

nies

w

hich

are

sub

ject

to m

axim

um

fore

ign

equi

ty p

artic

ipat

ion

of 2

5 pe

r ce

nt o

f pai

d-up

reg

iste

red

capi

tal

Non

e

f)

Cre

dit

char

ge a

nd d

ebit

card

s f)

Cre

dit

char

ge a

nd d

ebit

card

s

Cre

dit

char

ge a

nd d

ebit

card

s ca

n on

ly b

e pr

ovid

ed b

y co

mpa

nies

w

hich

are

sub

ject

to

max

imum

fo

reig

n eq

uity

par

ticip

atio

n o

f 49

perc

ent

of p

aid-

up r

egis

tere

d ca

pita

l or

loca

lly in

corp

orat

ed b

an

ks a

nd

fore

ign

bank

bra

nche

s

Non

e

The

con

duct

of b

usin

esse

s un

der

d)

e) a

nd f)

will

be

subj

ect t

o lic

enS

ing

and

regu

latio

ns t

o b

e an

noun

ced

4)

For

ban

ks

repr

esen

tativ

e of

fices

and

fin

ance

com

pani

es

no q

uant

itativ

e lim

it ap

plie

s fo

r A

SE

AN

nat

iona

ls

App

rova

l sha

ll be

gra

nted

bas

ed o

n fo

reig

n se

rvic

es p

rovi

ders

bus

ines

s pl

ans

and

need

s

I 4)

Non

e

9

I

TH

AIL

AN

D

SC

HE

DU

LEO

FS

PE

CIF

ICC

OM

MIT

ME

NT

SF

OR

FIN

AN

CIA

LSE

RV

ICE

SU

NO

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

orde

r su

pply

2)

Con

sum

ptio

n ab

road

3)

Com

mer

cial

pre

senc

e 4)

P

rese

nce

of

natu

ral p

erso

ns

ii

Se

cto

rorS

ub

sect

or

Li m

itatio

nso

nM

ark

etA

cce

ss i

Lim

itatio

nso

nN

atio

na

lTre

atm

en

t A

dd

itio

na

lCo

mm

itm

en

ts

For

Sec

uriti

es C

ompa

nies

5

-se

curit

ies

brok

erag

e an

d de

alin

g -

deriv

ativ

es b

roke

rage

and

de

alin

g -

secu

ritie

s bo

rrow

ing

and

lend

ing

Tra

ding

for

ow

n ac

coun

t o

r fo

r ac

coun

t of c

usto

mer

s in

th

e fo

llow

ing

(C

) de

rivat

ive

prod

ucts

inc

l

but n

ot li

mite

d to

fu

ture

s an

d op

tions

(E

) tr

ansf

erab

le s

ecur

ities

1)

Unb

ound

2)

Non

e

3)

Unb

ound

exc

ept

I F

or r

epre

sent

ativ

e of

fices

no

ne

II F

or li

cens

ed s

ecur

ities

com

pany

fo

reig

n eq

uity

par

ticip

atio

n ca

n b

e

allo

wed

up

to 1

00 p

erce

nt o

fpai

d-up

ca

pita

l

4)

As

indi

cate

d in

the

hor

izon

tal s

ectio

n

1)

Non

e

2) N

one

3) N

one

4) A

s in

dica

ted

in t

he

hor

izon

tal s

ectio

n

For

Sec

uriti

es C

ompa

nies

tl

Sec

uriti

es U

nder

writ

ing

I 1)

Unb

ound

1)

N

one

Par

ticip

atio

n in

iss

ues

of a

ll ki

nds

of s

ecur

ities

in

clud

ing

I 2)

Non

e 2)

Non

e

unde

rwrit

ing

and

plac

emen

t as

age

nts

(whe

ther

pub

licly

or

priv

atel

y) a

nd p

rovi

sion

of

serv

ices

rel

ated

to

suc

h is

sues

I 3)

Unb

ound

exc

ept

I I

For

rep

rese

ntat

ive

offic

es

none

II F

or li

cens

ed s

ecur

ities

com

pany

fo

reig

n eq

uity

par

ticip

atio

n ca

n be

al

low

ed u

p to

100

per

cent

of p

aid-

up

capi

tal

3) N

one

41A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

4)

A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

6Sec

uriti

es c

ompa

nies

mea

n se

curit

ies

com

pani

es w

hich

are

not

com

mer

cial

ban

ks a

nd in

sura

nce

com

pani

es

10

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mo

de

s o

f Sllp

plL

1) G

ross-b()

rcj~

r su

pply

2)

Con

sulT

lptio

n ab

road

3)

Com

mer

cial

pre

senc

e 4)

P

rese

nce

of

natu

ral p

erso

ns

I S

ecto

rorS

ub

sect

or

Lim

itat

ion

son

Mar

ketA

cces

s L

imit

atio

nso

nN

atio

nal

Tre

atm

ent

Ad

dit

ion

alC

om

mit

men

ts

F

orA

sset

Ma

na

ge

me

nt

Com

pani

es

-m

utua

l fun

d m

an

ag

em

en

t -

priv

ate

fund

ma

na

ge

me

nt

I 1)

Un

bo

un

d

1)

Non

e

-de

riva

tives

fund

m

an

ag

em

en

t I 2

) N

on

e

2)

Non

e

-ve

ntur

e ca

pita

l man

agem

ent

Ass

et

ma

na

ge

me

nt

I 3)

Un

bo

un

d e

xcep

t

I F

or

repr

esen

tativ

e of

fices

n

on

e

II F

or

ass

et m

an

ag

em

en

t com

pani

es

fore

ign

equi

ty p

artic

ipat

ion

can

be

allo

we

d u

p to

100

per

cent

ofp

aid-

up

capi

tal

How

ever

du

ring

the

firs

t fiv

e

year

saft

er th

e lic

ense

has

bee

n gr

ante

d a

t le

ast 5

0 pe

rcen

t o

f th

e

paid

-up

capi

tal o

f th

ea

sse

t m

an

ag

em

en

t com

pany

mu

st b

e h

eld

by

finan

cial

inst

itutio

nses

tabl

ishe

d u

nd

er

Tha

i la

w7

3)

Non

e

For

Sec

uriti

es C

ompa

nies

tl

4A

s in

dic

ate

d in

the

hor

izon

tal s

ectio

n

4) A

s in

dica

ted

in t

he

hor

izon

tal s

ectio

n

Adv

isor

y I

nter

med

iatio

n an

d O

the

r Aux

iliar

y F

inan

cial

I 1

) U

nb

ou

nd

1)

N

one

Ser

vice

s

Inve

stm

en

t Adv

iSO

ry

I 2

No

ne

2)

N

one

7Fin

anci

al in

stitu

tions

esta

blis

hed

unde

r Tha

i law

s in

this

sec

tion

mea

n se

curit

ies

com

pani

es

com

mer

cial

ban

ks

life

insu

ranc

e co

mpa

nies

an

d sp

ecia

lized

fina

ncia

l in

stitu

tions

est

ablis

hed

unde

r spe

cific

law

s

11

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

pl

Sec

toro

rSu

bse

cto

r

1lGr

oss-

bltl

rd~r

sup

ply

2) C

onsu

mpt

ion

abro

ad

lim

itat

ion

son

Mar

ketA

cces

s

3) C

omm

erci

al p

rese

nce

4)

Pre

senc

e o

f nat

ural

per

sons

lim

itat

ion

son

Nat

ion

alT

reat

men

t A

dd

itio

nal

Co

mm

itm

en

ts

3)

Unb

ound

exc

ept

I F

or r

epre

sent

ativ

e of

fices

no

ne

3)

Non

e

II F

or s

ecur

ities

com

pani

es

a)

fore

ign

equi

ty p

artic

ipat

ion

can

be a

llow

ed u

p to

100

per

cent

o

f pai

d-up

cap

ital

b)

Lice

nse

may

be

gra

nted

to

finan

cial

inst

itutio

ns li

cens

ed

unde

r T

hai L

aws

and

a li

mite

d co

mpa

ny w

hich

is n

ewly

es

tabl

ishe

d

4)A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

4)

A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

Oth

er a

uxili

ary

finan

cial

se

rvic

es

Cre

dit c

ard

serv

ices

(C

PC

811

33)

(Mob

ilizi

ng f

unds

from

the

pu

blic

is p

rohi

bite

d u

nles

s lic

ense

d un

der

a fin

anci

al

law

)

1) N

one

2) N

one

3) a

) A

s in

dica

ted

in B

3)(

h)

abov

e

b)

Fin

anci

al in

stitu

tions

mus

t obt

ain

prio

r ap

prov

al f

rom

the

Ban

k of

T

haila

nd

1) N

one

2) N

one

3) N

o lim

itatio

n as

long

as

fore

ign

equi

ty

part

icip

atio

n do

es n

ot e

xcee

d 49

per

ce

nt

4) A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

4) N

one

12

--

TH

AIL

AN

D

S

CH

ED

ULE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IALS

ER

VIC

ES

UN

DE

RA

FA

S

-_ -

-__

__

--

-__

__ -_

--

--

_

_

_

_ _

_---

__

-_

_

-_

_

-__

_-

_

-_

--

_

_-_

_--__

--_

-

Se

cto

rorS

ub

sect

or

Lim

ita

tio

nso

nM

ark

etA

cce

ss

Lim

ita

tio

nso

nN

ati

on

alT

rea

tme

nt

Ad

dit

lon

alC

om

mlt

me

n

ts

Fin

anci

al c

onsu

ltanc

y se

rvic

es

(CP

C 8

1332

)

1) U

nbou

nd

2) N

one

3) N

one

othe

r th

an t

hat

indi

cate

d in

the

ho

rizon

tal s

ectio

n

4)

As

indi

cate

d in

the

hor

izon

tal s

ectio

n

1) N

one

2) N

one

3) N

o lim

itatio

n as

long

as

fore

ign

equi

ty

part

icip

atio

n do

es n

ot e

xcee

d 4

9 p

er

cent

4)

Non

e

-shy

bull 13

6 6 lI 6

~~ J -

N~ ~r--+-------------r---------------------------------------------r---------------------c

lI

~~ r r c

-

bull I

centr


V G) ~ ~r V gt

~~--1-------------------------+------4----------------------~---4--------------------------~ r c

5 ~ ~ j shy -raquo~~--------------------------4-------+---------~----------------~------------------------------

8~ 7 r Ii

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gt

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~~ ~ ~~ - V 11r r c c N F

~iE

~~ r0G

r G) G ~r ri V ri r

iii sect N -~~~--------------------------4-------+---------------------------~----------------------------~

c aV

~iI~ -laquo)

ev 00 r G) -00

r c -00

U a- rr U lG

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laquo)centV laquo)

~ 00 -cs

V ur ac lVl ~

----YO--shy

~~------------------~----~--------------------~--------------------~

Pro

toco

l to

Imp

lem

en

t th

e S

ixth

Pac

kage

of C

om

mit

me

nt o

n F

ina

nci

al S

erv

ice

s

un

de

r th

e A

SE

AN

Fra

me

wo

rk A

gre

em

en

t on

Se

rvic

es

TH

AIL

AN

D

SC

HE

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LE O

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PE

CIF

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CO

MM

ITM

EN

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TH

AIL

AN

D

SC

HE

DU

LEO

FS

PE

CIF

ICC

OM

MIT

ME

NT

SF

OR

FIN

AN

CIA

LSE

RV

ICE

SU

ND

ER

AF

AS

Mo

de

s o

f Sup

ply

1)

Gro

ss-b

ord

er

sup

ply

2)

Co

nsu

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tio

n a

bro

ad

3)

G()mmer~ii31

pr(

se

nce

4)

presell~e (

)f n

atu

ral p

ers

on

s

Se

cto

rorS

ub

sect

or

Lim

ita

tio

nso

nM

ark

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cce

ss

Lim

itatio

nso

nN

atlo

na

lTre

atm

en

t I

Ad

dit

lon

alC

om

mit

me

n

ts

A

Insu

ran

ce in

clu

din

g

rein

sura

nce

an

d

retr

oce

ssio

n

life

insu

ran

ce s

erv

ice

s(C

PC

8

12

11

) 1)

No

ne

2) N

on

e

3) a

) F

ore

ign

eq

uity

pa

rtic

ipa

tion

lim

ited

to

2

5 p

er

cen

t o

f re

gis

tere

d s

ha

re

capi

tal

b) N

ew

est

ab

lish

me

nt

is s

ub

ject

to

lice

nce

ap

pro

ved

by

the

Min

iste

r with

th

e c

on

sen

t of t

he

Ca

bin

et

4) O

nly

se

nio

r m

an

ag

eri

al p

ers

on

ne

l sp

eci

alis

ts a

nd

te

chn

ica

l a

ssis

tan

ts w

ith

the

ap

pro

val o

f th

e I

nsu

ran

ce

Co

mm

issi

on

er

1) N

on

e

2)

life

insu

ran

ce p

rem

ium

is t

ax

de

du

ctib

le u

p to

a c

erta

in a

mo

un

t fo

r h

old

ers

of p

olic

ies

issu

ed

by

loca

l co

mp

an

ies

I 3)

No

ne

I 4)

No

ne

No

n-l

ife in

sura

nce

se

rvic

es

(CP

C 8

12

9)

1) U

nb

ou

nd

exc

ep

t fo

r in

tern

atio

na

l m

ari

ne

a

via

tion

an

d t

ran

sit

an

d a

ll cl

ass

es

of

rein

sura

nce

2)

No

ne

3) a

) F

ore

ign

eq

uity

pa

rtic

ipa

tion

lim

ited

to

2

5 p

erc

en

t of r

eg

iste

red

sh

are

ca

pita

l

1) U

nb

ou

nd

I 2)

No

ne

I 3)

No

ne

2

-1

TH

AIL

AN

D

SC

HE

DU

LEO

FS

PE

CIF

ICC

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MIT

ME

NT

SF

OR

FIN

AN

CIA

LSE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

1

Cro

ss-b

orde

r su

pply

2

) C

onsu

mpt

ion

abro

ad

3) C

omm

erci

al p

rese

nce

4)

Pre

senc

e o

f nat

ural

per

sons

Se

cto

rorS

ub

sect

or

Lim

ita

tio

nso

nM

ark

etA

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ss

Lim

itatio

nso

nN

atio

na

lTre

atm

en

t I A

dd

itio

na

lCo

mm

itme

n

ts

Ser

vice

s au

xilia

ry to

in

sura

nce

(exc

ludi

ng p

ensi

on

fund

ing

serv

ices

)

Insu

ranc

e br

okin

g an

d ag

ency

ser

vice

s (C

PC

814

01)(

Bro

kers

sha

ll n

ot i

nduc

e a

dvis

e o

r do

any

a

cts

so a

s to

cau

se a

ny

pers

on t

o en

ter

into

insu

ranc

e co

ntra

cts

with

ins

urer

s ab

road

ex

cept

for

rein

sura

nce

cont

ract

s)

Insu

ranc

e co

nsul

tanc

y se

rvic

es

(CP

C 8

1402

)

b)

New

est

ablis

hmen

t is

sub

ject

to

licen

se a

ppro

ved

by

the

Min

iste

r w

ith

the

cons

ent o

f the

Cab

inet

4) O

nly

seni

or m

anag

eria

l per

sonn

el

spec

ialis

ts a

nd t

echn

ical

ass

ista

nts

with

th

e ap

prov

al o

f the

Ins

uran

ce

Com

mis

sion

er

1) U

nbou

nd

2) U

nbou

nd

3)

For

eign

equ

ity p

artic

ipat

ion

not

to

exce

ed 4

9 pe

r ce

nt

4) a

) O

nly

seni

or m

anag

eria

l per

sonn

el

spec

ialis

ts a

nd t

echn

ical

ass

ista

nts

with

the

app

rova

l of t

he I

nsur

ance

C

omm

issi

oner

b)

U

nbou

nd f

or in

divi

dual

bro

ker

and

agen

t

1) N

one

2) N

one

3) N

one

oth

er t

han

that

indi

cate

d in

the

ho

rizo

jltal

sec

tion

4 O

nly

seni

or m

anag

eria

l per

sonn

el

spec

ialis

ts a

nd t

echn

ical

ass

ista

nts

with

th

e ap

prov

al o

f the

Ins

uran

ce

I 4)

Non

e

1) U

nbou

nd

2) U

nbou

nd

3) N

o lim

itatio

n a

s lo

ng a

s fo

reig

n eq

uity

pa

rtic

ipat

ion

does

not

exc

eed

49

pe

r ce

nt

4) N

one

1) N

one

2) N

one

3) N

o lim

itatio

n as

long

as

fore

ign

equi

ty

part

icip

atio

n d

oe

s no

t exc

eed

49 p

er

cent

4) N

one

3

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

orde

r su

pply

2)

Con

sum

ptio

n ab

road

4

I

Se

cto

rorS

ub

sect

or

Lim

itatio

nso

nM

ark

etA

cce

ss

Ad

dit

ion

alC

om

mit

me

n

ts

1) N

one

se

rvic

es(C

PC

814

03)

2)

Non

e

Ave

rage

and

loss

adj

ustm

ent

I 1)

Non

e

2)

Non

e

3) N

one

oth

er t

han

that

indi

cate

d in

3)

No

limita

tion

as lo

ng a

s fo

reig

n eq

uity

th

ehor

izon

tal s

ectio

n

part

icip

atio

n d

oe

s no

texc

eed

49

pe

r ce

nt

4)N

one

pers

onne

lspe

cial

ists

and

tec

hnic

al

assi

stan

ts w

ith t

he a

ppro

val o

f the

In

sura

nce

Com

mis

sion

er

4) O

nly

seni

or m

anag

eria

l

~shy

1) N

one

1) N

one

(C

PC

814

04)

2)

Non

e

Act

uaria

l ser

vice

s

2) N

one

3) N

one

oth

er

than

tha

t in

dica

ted

in

3) N

o lim

itatio

n a

s lo

ng a

s fo

reig

n eq

uity

th

ehor

izon

tal s

ectio

n

part

icip

atio

n d

oe

s no

t exc

eed

49

per

ce

nt

4)N

one

pers

onne

lspe

cial

ists

and

tec

hnic

al

assi

stan

ts w

ith t

he a

ppro

val o

f the

In

sura

nce

Com

mis

sion

er

4) O

nly

seni

or m

anag

eria

l

4

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Su

I

Cro

ss-b

orde

r su

pply

~

Con

sum

ptio

n ab

road

3)

Com

mer

cial

pre

senc

e 4)

P

rese

nce

of n~

tura

l pe

rson

s

B

Ban

kin

g a

nd

Oth

er

Fin

anci

al S

erv

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s

Lim

ltat

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son

Mar

ketA

cces

s L

imit

atio

nso

nN

atio

nal

Tre

atm

ent

I

Ad

dit

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mit

men

ts

Acc

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of d

epos

its a

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paya

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fund

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om

the

publ

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Lend

ing

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ll ty

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inc

ludi

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cons

umer

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edit

fac

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d fin

anci

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of c

omm

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ansa

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Fin

anci

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Pay

men

t an

d m

on

ey

tran

smis

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ser

vice

s in

clud

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cred

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harg

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bit c

ards

tr

avel

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cheq

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and

ba

nke

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rafts

Gua

rant

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and

com

mitm

ents

Tra

ding

fo

r ow

n ac

coun

t or

for

acco

unt

of c

usto

mer

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th

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llow

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(A) M

on

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ma

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stru

men

ts

(B)F

orei

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(D)E

xcha

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rate

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ate

inst

rum

ents

1)

Non

e fo

r fin

anci

al a

dvis

ory

and

finan

cial

d

ata

pro

cess

ing

Unb

ound

for

all

oth

er

serv

ices

1) N

one

2)

Non

e fo

r fin

anci

al a

dvis

ory

and

finan

cial

I2)

Non

e da

ta p

roce

ssin

g U

nbou

nd f

or

all

oth

er

serv

ices

3) a

) R

epre

sent

ativ

e of

ficeo

f ban

ks N

one

I3)

a) R

epre

sent

ativ

e of

fice

ofba

nks

Non

e b)

For

eign

ban

k br

anch

es

I N

one

for

exis

ting

fore

ign

bank

br

anch

es u

nder

pre

sent

sh

areh

oldi

ng s

truc

ture

N

ew

es

tabl

ishm

ent

is s

ubje

ct to

lic

ence

app

rove

d by

the

Min

iste

r o

f Fin

ance

with

the

co

nsen

t of t

he C

abin

et

II

AT

M o

pera

tions

per

mitt

ed

un

de

r th

e fo

llow

ing

cond

ition

s on

ly

i) jo

inin

g A

TM

poo

lsop

erat

ed b

y T

hai b

anks

o

r ii)

ope

ratio

n w

ithin

ow

n pr

emis

es

or

shar

ing

the

faci

litie

s w

ith

oth

er

com

mer

cial

ban

ks in

T

haila

nd

b) F

orei

gn b

ank

bran

ches

Non

e e

xcep

t as

indi

cate

d in

the

m

arke

t acc

ess

colu

mn

1 Th

e co

mm

itmen

ts fo

r S

ecur

ities

Com

pani

es u

nder

this

sub

sect

or a

re s

epar

atel

y lis

ted

belo

w

5

TH

AIL

AN

D

SC

HE

DU

LEO

FS

PE

CIF

ICC

OM

MIT

ME

NT

SF

OR

FIN

AN

CIA

LSE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

orde

r su

pply

2)

Co

nsu

mp

tion

ab

roa

d

3) C

omm

erci

al p

rese

nce

4

) P

rese

nce

of

natu

ral p

ers

on

s

Se

cto

rorS

ub

sect

or

Lim

itatio

nso

nM

ark

etA

cce

ss

Lim

itatio

nso

nN

atio

na

lTre

atm

en

t A

dd

itio

na

lCo

mm

itm

en

ts

(E)T

rans

fera

ble

secu

ritie

s

Par

ticip

atio

n in

iss

ues

of a

ll ki

nds

of s

ecur

ities

in

clud

ing

unde

r-w

ritin

g an

d p

lace

me

nt

as a

gent

(w

heth

er p

ublic

ly o

r pr

ivat

ely)

and

pro

visi

on o

f se

rvic

es r

elat

ed t

o s

uch

is

sues

2

III

Exi

stin

g fo

reig

n b

an

ks w

hich

al

read

y h

ad

th

e fi

rst

bran

ch o

ffic

e in

Th

aila

nd

pri

or

to J

uly

1995

will

ea

ch b

e p

erm

itte

d t

o o

pen

no

m

ore

than

tw

o a

dditi

onal

br

anch

es

IV N

on

e fo

r pa

rtic

ipat

ion

in c

hequ

e cl

eari

ng a

nd

se

ttle

me

nt s

yste

m

Ass

et m

an

ag

em

en

ea

s fo

llow

s

-ca

sh o

r po

rtfo

lio

man

agem

ent

-co

llect

ive

inve

stm

ent

man

agem

ent

-cu

stod

ian

and

depo

sito

ry s

erv

ice

s

Adv

isor

y i

nter

med

iatio

n a

nd

o

the

r au

xilia

ry f

inan

cial

se

rvic

es4

Pro

visi

on a

nd t

ran

sfe

r o

f fin

anci

al in

form

atio

n a

nd

fin

anci

al d

ata

pro

cess

ing

an

d

rela

ted

softw

are

c)

Loca

lly in

corp

ora

ted

ba

nks

I M

ark

et

acc

ess

lim

ited

to t

he

ac

quis

ition

of s

ha

res

of e

xist

ing

bank

s

II (

i) T

he

am

ou

nt o

f sha

res

held

by

pers

ons

of T

ha

i na

tiona

lity

shal

l n

ot b

e le

ss th

an

75

pe

rce

nt o

f th

e to

tal a

mo

un

t of v

otin

g sh

ares

sol

d C

om

bin

ed

sh

areh

oldi

ng o

f an

ind

ivid

ual

and

his

he

r re

late

d pe

rson

s sh

all

no

t e

xce

ed

10

pe

rce

nt o

f to

tal

nu

mb

er

of s

ha

res

sold

5

un

less

oth

erw

ise

per

mitt

ed b

y th

e B

an

k o

f Tha

iland

c)

Loca

lly in

corp

orat

ed b

an

ks

Non

e e

xce

pt a

s in

dica

ted

in t

he

m

ark

et a

cces

s co

lum

n

2 Th

e co

mm

itmen

ts fo

r S

ecur

ities

Com

pani

es u

nder

this

sub

sect

or a

re s

epar

atel

y lis

ted

belo

w

3 Th

e co

mm

itmen

ts fo

r Ass

et M

anag

emen

t Com

pani

es u

nder

this

sub

sect

or a

re s

epar

atel

y lis

ted

belo

w

4 Th

e co

mm

itmen

ts o

n In

vest

men

t Adv

isor

y fo

r S

ecur

ities

Com

pani

es u

nder

this

sub

sect

or a

re s

epar

atel

y lis

ted

belo

w

sro

tal n

umbe

r o

f sh

are

s so

ld i

nclu

de v

otin

g a

nd

no

n-v

otin

g s

ha

res

6

TH

AIL

AN

D

SC

HE

DU

LEO

FS

PE

CIF

ICC

OM

MIT

ME

NT

SF

OR

FIN

AN

CIA

LSE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

orde

r su

pply

2)

Con

sum

ptio

n ab

road

3)

Com

ll1er

cial

pre

senc

e 4)

P

rese

nce

of n

atur

al p~rsons

Se

cto

rorS

ub

sect

or

Lim

ita

tio

nso

nM

ark

etA

cce

ss

Lim

ita

tio

nso

nN

ati

on

alT

rea

tme

nt

Ad

dit

ion

alC

om

mit

me

n

ts

(ii)ln

the

ca

se w

here

the

Ban

k o

f T

haila

nd d

eem

s ap

prop

riate

th

e B

ank

of T

haila

nd m

ay g

rant

pe

rmis

sion

tha

t per

sons

of n

onshy

Tha

i na

tiona

lity

hold

sha

res

up

to 4

9 p

erce

nt o

f the

tot

al

amou

nt o

f vot

ing

shar

es s

old

(iii)

In t

he c

ase

whe

re it

is

nece

ssar

y to

rec

tify

the

oper

atio

n o

r to

str

engt

hen

the

stab

ility

of

any

loca

lly

inco

rpor

ated

ban

k o

r fo

r th

e pu

rpos

e o

f the

fina

ncia

l in

stitu

tions

sys

tem

sta

bilit

y t

he

Fin

ance

Min

iste

r with

the

re

com

men

datio

n o

f the

Ban

k o

f T

haila

nd s

hall

have

the

pow

er

to r

elax

the

req

uire

men

t o

f the

sh

areh

oldi

ng o

ther

than

tho

se

pres

crib

ed in

(c)

(

ii)

Suc

h eq

uity

par

ticip

atio

n w

ill b

e au

thor

ized

for

a p

erio

d o

f up

to

10 y

ears

w

ith fo

reig

n sh

areh

olde

rs w

ho e

nter

in t

his

perio

d be

ing

gran

dfat

here

d th

erea

fter

with

res

pect

to th

e ab

solu

te a

mou

nt o

f the

ir eq

uity

ho

ldin

g

III

(i) A

t le

ast t

hree

-fou

rths

of t

he

dire

ctor

s m

ust b

e o

f Tha

i na

tiona

lity

(ii

) In

th

e c

ase

whe

re t

he B

ank

of

7

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

ord

er

supp

ly

2) C

onsu

mpt

ion

abro

ad

3) C

omm

erci

al p

rese

nce

4)

Presenc~ o

f nat

ural

-pe=

-r-s

on

s---_

_--

Sec

toro

rSu

bse

cto

r L

imit

atio

nso

nM

arke

tAcc

ess

Lim

itat

ion

son

Nat

ion

alT

reat

men

t A

dd

itio

nal

Co

mm

itm

en

ts

Tha

iland

de

em

s ap

prop

riat

e

Th

e B

ank

of T

haila

nd m

ay

perm

it a

prop

ortio

n o

f non

-Tha

i na

tiona

lity

dir

ect

ors

of m

ore

than

one

-qua

rter

s b

ut s

hall

not

reac

h on

e h

alf

of t

he

tot

al

nu

mb

er

of d

irec

tors

(ii

i) In

the

cas

e w

he

re it

is

nece

ssar

y to

rec

tify

the

op

erat

ion

or

to s

tren

gthe

n th

e st

abili

ty o

f an

y lo

cally

in

corp

orat

ed b

an

k o

r fo

r th

e pu

rpos

e o

f th

e fi

nanc

ial

inst

itutio

n sy

stem

sta

bilit

y t

he

Fin

ance

Min

iste

r w

ith t

he

re

com

men

datio

n o

f th

e B

ank

of

Tha

iland

sha

ll h

ave

th

e p

ower

to

rel

ax t

he

re

qu

ire

me

nt

of t

he

dire

ctor

ship

oth

er

than

tho

se

pres

crib

ed in

(c)

III

(ii)

abov

e

Suc

h re

laxa

tion

ma

y be

gr

ante

d w

ith r

ule

an

d t

ime

clau

se

d) F

inan

cial

leas

ing

serv

ice

s

Can

onl

y be

pro

vide

d by

lea

sing

co

mpa

nies

whi

ch a

re s

ub

ject

to

max

imum

for

eign

eq

uity

par

ticip

atio

n o

f 49

per

cent

of p

aid

-up

reg

iste

red

capi

tal

or

by f

inan

ce c

om

pa

nie

s w

hich

are

sub

ject

to

ma

xim

um

fo

reig

n eq

uity

par

ticip

atio

n o

f 25

per

ce

nt o

f pai

d-up

reg

iste

red

capi

tal

d) F

inan

cial

leas

ing

serv

ices

Non

e

8

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

orde

r su

pply

2)

Con

sum

ptio

n ab

road

3)

Com

mer

cial

pre

senc

e 4)

P

rese

nce

of n

atur

al p

erso

ns

Sec

toro

rSu

bse

cto

r L

imit

atio

nso

nM

arke

tAcc

ess

Lim

itat

ion

son

Nat

ion

alT

reat

men

t A

dd

itio

nal

Co

mm

itm

en

ts

e) F

acto

ring

serv

ices

e)

Fac

torin

g se

rvic

es

Can

onl

y b

e pr

ovid

ed b

y fa

ctor

ing

com

pani

es w

hich

are

sub

ject

to

max

imum

for

eign

equ

ity p

artic

ipat

ion

of 4

9 pe

r cen

t of

pai

d-up

reg

iste

red

capi

tal

or

by fi

nanc

e co

mpa

nies

w

hich

are

sub

ject

to m

axim

um

fore

ign

equi

ty p

artic

ipat

ion

of 2

5 pe

r ce

nt o

f pai

d-up

reg

iste

red

capi

tal

Non

e

f)

Cre

dit

char

ge a

nd d

ebit

card

s f)

Cre

dit

char

ge a

nd d

ebit

card

s

Cre

dit

char

ge a

nd d

ebit

card

s ca

n on

ly b

e pr

ovid

ed b

y co

mpa

nies

w

hich

are

sub

ject

to

max

imum

fo

reig

n eq

uity

par

ticip

atio

n o

f 49

perc

ent

of p

aid-

up r

egis

tere

d ca

pita

l or

loca

lly in

corp

orat

ed b

an

ks a

nd

fore

ign

bank

bra

nche

s

Non

e

The

con

duct

of b

usin

esse

s un

der

d)

e) a

nd f)

will

be

subj

ect t

o lic

enS

ing

and

regu

latio

ns t

o b

e an

noun

ced

4)

For

ban

ks

repr

esen

tativ

e of

fices

and

fin

ance

com

pani

es

no q

uant

itativ

e lim

it ap

plie

s fo

r A

SE

AN

nat

iona

ls

App

rova

l sha

ll be

gra

nted

bas

ed o

n fo

reig

n se

rvic

es p

rovi

ders

bus

ines

s pl

ans

and

need

s

I 4)

Non

e

9

I

TH

AIL

AN

D

SC

HE

DU

LEO

FS

PE

CIF

ICC

OM

MIT

ME

NT

SF

OR

FIN

AN

CIA

LSE

RV

ICE

SU

NO

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

orde

r su

pply

2)

Con

sum

ptio

n ab

road

3)

Com

mer

cial

pre

senc

e 4)

P

rese

nce

of

natu

ral p

erso

ns

ii

Se

cto

rorS

ub

sect

or

Li m

itatio

nso

nM

ark

etA

cce

ss i

Lim

itatio

nso

nN

atio

na

lTre

atm

en

t A

dd

itio

na

lCo

mm

itm

en

ts

For

Sec

uriti

es C

ompa

nies

5

-se

curit

ies

brok

erag

e an

d de

alin

g -

deriv

ativ

es b

roke

rage

and

de

alin

g -

secu

ritie

s bo

rrow

ing

and

lend

ing

Tra

ding

for

ow

n ac

coun

t o

r fo

r ac

coun

t of c

usto

mer

s in

th

e fo

llow

ing

(C

) de

rivat

ive

prod

ucts

inc

l

but n

ot li

mite

d to

fu

ture

s an

d op

tions

(E

) tr

ansf

erab

le s

ecur

ities

1)

Unb

ound

2)

Non

e

3)

Unb

ound

exc

ept

I F

or r

epre

sent

ativ

e of

fices

no

ne

II F

or li

cens

ed s

ecur

ities

com

pany

fo

reig

n eq

uity

par

ticip

atio

n ca

n b

e

allo

wed

up

to 1

00 p

erce

nt o

fpai

d-up

ca

pita

l

4)

As

indi

cate

d in

the

hor

izon

tal s

ectio

n

1)

Non

e

2) N

one

3) N

one

4) A

s in

dica

ted

in t

he

hor

izon

tal s

ectio

n

For

Sec

uriti

es C

ompa

nies

tl

Sec

uriti

es U

nder

writ

ing

I 1)

Unb

ound

1)

N

one

Par

ticip

atio

n in

iss

ues

of a

ll ki

nds

of s

ecur

ities

in

clud

ing

I 2)

Non

e 2)

Non

e

unde

rwrit

ing

and

plac

emen

t as

age

nts

(whe

ther

pub

licly

or

priv

atel

y) a

nd p

rovi

sion

of

serv

ices

rel

ated

to

suc

h is

sues

I 3)

Unb

ound

exc

ept

I I

For

rep

rese

ntat

ive

offic

es

none

II F

or li

cens

ed s

ecur

ities

com

pany

fo

reig

n eq

uity

par

ticip

atio

n ca

n be

al

low

ed u

p to

100

per

cent

of p

aid-

up

capi

tal

3) N

one

41A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

4)

A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

6Sec

uriti

es c

ompa

nies

mea

n se

curit

ies

com

pani

es w

hich

are

not

com

mer

cial

ban

ks a

nd in

sura

nce

com

pani

es

10

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mo

de

s o

f Sllp

plL

1) G

ross-b()

rcj~

r su

pply

2)

Con

sulT

lptio

n ab

road

3)

Com

mer

cial

pre

senc

e 4)

P

rese

nce

of

natu

ral p

erso

ns

I S

ecto

rorS

ub

sect

or

Lim

itat

ion

son

Mar

ketA

cces

s L

imit

atio

nso

nN

atio

nal

Tre

atm

ent

Ad

dit

ion

alC

om

mit

men

ts

F

orA

sset

Ma

na

ge

me

nt

Com

pani

es

-m

utua

l fun

d m

an

ag

em

en

t -

priv

ate

fund

ma

na

ge

me

nt

I 1)

Un

bo

un

d

1)

Non

e

-de

riva

tives

fund

m

an

ag

em

en

t I 2

) N

on

e

2)

Non

e

-ve

ntur

e ca

pita

l man

agem

ent

Ass

et

ma

na

ge

me

nt

I 3)

Un

bo

un

d e

xcep

t

I F

or

repr

esen

tativ

e of

fices

n

on

e

II F

or

ass

et m

an

ag

em

en

t com

pani

es

fore

ign

equi

ty p

artic

ipat

ion

can

be

allo

we

d u

p to

100

per

cent

ofp

aid-

up

capi

tal

How

ever

du

ring

the

firs

t fiv

e

year

saft

er th

e lic

ense

has

bee

n gr

ante

d a

t le

ast 5

0 pe

rcen

t o

f th

e

paid

-up

capi

tal o

f th

ea

sse

t m

an

ag

em

en

t com

pany

mu

st b

e h

eld

by

finan

cial

inst

itutio

nses

tabl

ishe

d u

nd

er

Tha

i la

w7

3)

Non

e

For

Sec

uriti

es C

ompa

nies

tl

4A

s in

dic

ate

d in

the

hor

izon

tal s

ectio

n

4) A

s in

dica

ted

in t

he

hor

izon

tal s

ectio

n

Adv

isor

y I

nter

med

iatio

n an

d O

the

r Aux

iliar

y F

inan

cial

I 1

) U

nb

ou

nd

1)

N

one

Ser

vice

s

Inve

stm

en

t Adv

iSO

ry

I 2

No

ne

2)

N

one

7Fin

anci

al in

stitu

tions

esta

blis

hed

unde

r Tha

i law

s in

this

sec

tion

mea

n se

curit

ies

com

pani

es

com

mer

cial

ban

ks

life

insu

ranc

e co

mpa

nies

an

d sp

ecia

lized

fina

ncia

l in

stitu

tions

est

ablis

hed

unde

r spe

cific

law

s

11

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

pl

Sec

toro

rSu

bse

cto

r

1lGr

oss-

bltl

rd~r

sup

ply

2) C

onsu

mpt

ion

abro

ad

lim

itat

ion

son

Mar

ketA

cces

s

3) C

omm

erci

al p

rese

nce

4)

Pre

senc

e o

f nat

ural

per

sons

lim

itat

ion

son

Nat

ion

alT

reat

men

t A

dd

itio

nal

Co

mm

itm

en

ts

3)

Unb

ound

exc

ept

I F

or r

epre

sent

ativ

e of

fices

no

ne

3)

Non

e

II F

or s

ecur

ities

com

pani

es

a)

fore

ign

equi

ty p

artic

ipat

ion

can

be a

llow

ed u

p to

100

per

cent

o

f pai

d-up

cap

ital

b)

Lice

nse

may

be

gra

nted

to

finan

cial

inst

itutio

ns li

cens

ed

unde

r T

hai L

aws

and

a li

mite

d co

mpa

ny w

hich

is n

ewly

es

tabl

ishe

d

4)A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

4)

A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

Oth

er a

uxili

ary

finan

cial

se

rvic

es

Cre

dit c

ard

serv

ices

(C

PC

811

33)

(Mob

ilizi

ng f

unds

from

the

pu

blic

is p

rohi

bite

d u

nles

s lic

ense

d un

der

a fin

anci

al

law

)

1) N

one

2) N

one

3) a

) A

s in

dica

ted

in B

3)(

h)

abov

e

b)

Fin

anci

al in

stitu

tions

mus

t obt

ain

prio

r ap

prov

al f

rom

the

Ban

k of

T

haila

nd

1) N

one

2) N

one

3) N

o lim

itatio

n as

long

as

fore

ign

equi

ty

part

icip

atio

n do

es n

ot e

xcee

d 49

per

ce

nt

4) A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

4) N

one

12

--

TH

AIL

AN

D

S

CH

ED

ULE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IALS

ER

VIC

ES

UN

DE

RA

FA

S

-_ -

-__

__

--

-__

__ -_

--

--

_

_

_

_ _

_---

__

-_

_

-_

_

-__

_-

_

-_

--

_

_-_

_--__

--_

-

Se

cto

rorS

ub

sect

or

Lim

ita

tio

nso

nM

ark

etA

cce

ss

Lim

ita

tio

nso

nN

ati

on

alT

rea

tme

nt

Ad

dit

lon

alC

om

mlt

me

n

ts

Fin

anci

al c

onsu

ltanc

y se

rvic

es

(CP

C 8

1332

)

1) U

nbou

nd

2) N

one

3) N

one

othe

r th

an t

hat

indi

cate

d in

the

ho

rizon

tal s

ectio

n

4)

As

indi

cate

d in

the

hor

izon

tal s

ectio

n

1) N

one

2) N

one

3) N

o lim

itatio

n as

long

as

fore

ign

equi

ty

part

icip

atio

n do

es n

ot e

xcee

d 4

9 p

er

cent

4)

Non

e

-shy

bull 13

centr


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t th

e S

ixth

Pac

kage

of C

om

mit

me

nt o

n F

ina

nci

al S

erv

ice

s

un

de

r th

e A

SE

AN

Fra

me

wo

rk A

gre

em

en

t on

Se

rvic

es

TH

AIL

AN

D

SC

HE

DU

LE O

F S

PE

CIF

IC S

ER

VIC

ES

CO

MM

ITM

EN

TS

TH

AIL

AN

D

SC

HE

DU

LEO

FS

PE

CIF

ICC

OM

MIT

ME

NT

SF

OR

FIN

AN

CIA

LSE

RV

ICE

SU

ND

ER

AF

AS

Mo

de

s o

f Sup

ply

1)

Gro

ss-b

ord

er

sup

ply

2)

Co

nsu

mp

tio

n a

bro

ad

3)

G()mmer~ii31

pr(

se

nce

4)

presell~e (

)f n

atu

ral p

ers

on

s

Se

cto

rorS

ub

sect

or

Lim

ita

tio

nso

nM

ark

etA

cce

ss

Lim

itatio

nso

nN

atlo

na

lTre

atm

en

t I

Ad

dit

lon

alC

om

mit

me

n

ts

A

Insu

ran

ce in

clu

din

g

rein

sura

nce

an

d

retr

oce

ssio

n

life

insu

ran

ce s

erv

ice

s(C

PC

8

12

11

) 1)

No

ne

2) N

on

e

3) a

) F

ore

ign

eq

uity

pa

rtic

ipa

tion

lim

ited

to

2

5 p

er

cen

t o

f re

gis

tere

d s

ha

re

capi

tal

b) N

ew

est

ab

lish

me

nt

is s

ub

ject

to

lice

nce

ap

pro

ved

by

the

Min

iste

r with

th

e c

on

sen

t of t

he

Ca

bin

et

4) O

nly

se

nio

r m

an

ag

eri

al p

ers

on

ne

l sp

eci

alis

ts a

nd

te

chn

ica

l a

ssis

tan

ts w

ith

the

ap

pro

val o

f th

e I

nsu

ran

ce

Co

mm

issi

on

er

1) N

on

e

2)

life

insu

ran

ce p

rem

ium

is t

ax

de

du

ctib

le u

p to

a c

erta

in a

mo

un

t fo

r h

old

ers

of p

olic

ies

issu

ed

by

loca

l co

mp

an

ies

I 3)

No

ne

I 4)

No

ne

No

n-l

ife in

sura

nce

se

rvic

es

(CP

C 8

12

9)

1) U

nb

ou

nd

exc

ep

t fo

r in

tern

atio

na

l m

ari

ne

a

via

tion

an

d t

ran

sit

an

d a

ll cl

ass

es

of

rein

sura

nce

2)

No

ne

3) a

) F

ore

ign

eq

uity

pa

rtic

ipa

tion

lim

ited

to

2

5 p

erc

en

t of r

eg

iste

red

sh

are

ca

pita

l

1) U

nb

ou

nd

I 2)

No

ne

I 3)

No

ne

2

-1

TH

AIL

AN

D

SC

HE

DU

LEO

FS

PE

CIF

ICC

OM

MIT

ME

NT

SF

OR

FIN

AN

CIA

LSE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

1

Cro

ss-b

orde

r su

pply

2

) C

onsu

mpt

ion

abro

ad

3) C

omm

erci

al p

rese

nce

4)

Pre

senc

e o

f nat

ural

per

sons

Se

cto

rorS

ub

sect

or

Lim

ita

tio

nso

nM

ark

etA

cce

ss

Lim

itatio

nso

nN

atio

na

lTre

atm

en

t I A

dd

itio

na

lCo

mm

itme

n

ts

Ser

vice

s au

xilia

ry to

in

sura

nce

(exc

ludi

ng p

ensi

on

fund

ing

serv

ices

)

Insu

ranc

e br

okin

g an

d ag

ency

ser

vice

s (C

PC

814

01)(

Bro

kers

sha

ll n

ot i

nduc

e a

dvis

e o

r do

any

a

cts

so a

s to

cau

se a

ny

pers

on t

o en

ter

into

insu

ranc

e co

ntra

cts

with

ins

urer

s ab

road

ex

cept

for

rein

sura

nce

cont

ract

s)

Insu

ranc

e co

nsul

tanc

y se

rvic

es

(CP

C 8

1402

)

b)

New

est

ablis

hmen

t is

sub

ject

to

licen

se a

ppro

ved

by

the

Min

iste

r w

ith

the

cons

ent o

f the

Cab

inet

4) O

nly

seni

or m

anag

eria

l per

sonn

el

spec

ialis

ts a

nd t

echn

ical

ass

ista

nts

with

th

e ap

prov

al o

f the

Ins

uran

ce

Com

mis

sion

er

1) U

nbou

nd

2) U

nbou

nd

3)

For

eign

equ

ity p

artic

ipat

ion

not

to

exce

ed 4

9 pe

r ce

nt

4) a

) O

nly

seni

or m

anag

eria

l per

sonn

el

spec

ialis

ts a

nd t

echn

ical

ass

ista

nts

with

the

app

rova

l of t

he I

nsur

ance

C

omm

issi

oner

b)

U

nbou

nd f

or in

divi

dual

bro

ker

and

agen

t

1) N

one

2) N

one

3) N

one

oth

er t

han

that

indi

cate

d in

the

ho

rizo

jltal

sec

tion

4 O

nly

seni

or m

anag

eria

l per

sonn

el

spec

ialis

ts a

nd t

echn

ical

ass

ista

nts

with

th

e ap

prov

al o

f the

Ins

uran

ce

I 4)

Non

e

1) U

nbou

nd

2) U

nbou

nd

3) N

o lim

itatio

n a

s lo

ng a

s fo

reig

n eq

uity

pa

rtic

ipat

ion

does

not

exc

eed

49

pe

r ce

nt

4) N

one

1) N

one

2) N

one

3) N

o lim

itatio

n as

long

as

fore

ign

equi

ty

part

icip

atio

n d

oe

s no

t exc

eed

49 p

er

cent

4) N

one

3

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

orde

r su

pply

2)

Con

sum

ptio

n ab

road

4

I

Se

cto

rorS

ub

sect

or

Lim

itatio

nso

nM

ark

etA

cce

ss

Ad

dit

ion

alC

om

mit

me

n

ts

1) N

one

se

rvic

es(C

PC

814

03)

2)

Non

e

Ave

rage

and

loss

adj

ustm

ent

I 1)

Non

e

2)

Non

e

3) N

one

oth

er t

han

that

indi

cate

d in

3)

No

limita

tion

as lo

ng a

s fo

reig

n eq

uity

th

ehor

izon

tal s

ectio

n

part

icip

atio

n d

oe

s no

texc

eed

49

pe

r ce

nt

4)N

one

pers

onne

lspe

cial

ists

and

tec

hnic

al

assi

stan

ts w

ith t

he a

ppro

val o

f the

In

sura

nce

Com

mis

sion

er

4) O

nly

seni

or m

anag

eria

l

~shy

1) N

one

1) N

one

(C

PC

814

04)

2)

Non

e

Act

uaria

l ser

vice

s

2) N

one

3) N

one

oth

er

than

tha

t in

dica

ted

in

3) N

o lim

itatio

n a

s lo

ng a

s fo

reig

n eq

uity

th

ehor

izon

tal s

ectio

n

part

icip

atio

n d

oe

s no

t exc

eed

49

per

ce

nt

4)N

one

pers

onne

lspe

cial

ists

and

tec

hnic

al

assi

stan

ts w

ith t

he a

ppro

val o

f the

In

sura

nce

Com

mis

sion

er

4) O

nly

seni

or m

anag

eria

l

4

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Su

I

Cro

ss-b

orde

r su

pply

~

Con

sum

ptio

n ab

road

3)

Com

mer

cial

pre

senc

e 4)

P

rese

nce

of n~

tura

l pe

rson

s

B

Ban

kin

g a

nd

Oth

er

Fin

anci

al S

erv

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s

Lim

ltat

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son

Mar

ketA

cces

s L

imit

atio

nso

nN

atio

nal

Tre

atm

ent

I

Ad

dit

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om

mit

men

ts

Acc

epta

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of d

epos

its a

nd

othe

r re

paya

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fund

s fr

om

the

publ

ic

Lend

ing

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ll ty

pes

inc

ludi

ng

cons

umer

cre

dit

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tgag

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edit

fac

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d fin

anci

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of c

omm

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ansa

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n

Fin

anci

al l

easi

ng

Pay

men

t an

d m

on

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tran

smis

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ser

vice

s in

clud

ing

cred

it c

harg

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d de

bit c

ards

tr

avel

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cheq

ues

and

ba

nke

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rafts

Gua

rant

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and

com

mitm

ents

Tra

ding

fo

r ow

n ac

coun

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for

acco

unt

of c

usto

mer

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th

e fo

llow

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(A) M

on

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ma

rke

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stru

men

ts

(B)F

orei

gn e

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nge

(D)E

xcha

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rate

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tere

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ate

inst

rum

ents

1)

Non

e fo

r fin

anci

al a

dvis

ory

and

finan

cial

d

ata

pro

cess

ing

Unb

ound

for

all

oth

er

serv

ices

1) N

one

2)

Non

e fo

r fin

anci

al a

dvis

ory

and

finan

cial

I2)

Non

e da

ta p

roce

ssin

g U

nbou

nd f

or

all

oth

er

serv

ices

3) a

) R

epre

sent

ativ

e of

ficeo

f ban

ks N

one

I3)

a) R

epre

sent

ativ

e of

fice

ofba

nks

Non

e b)

For

eign

ban

k br

anch

es

I N

one

for

exis

ting

fore

ign

bank

br

anch

es u

nder

pre

sent

sh

areh

oldi

ng s

truc

ture

N

ew

es

tabl

ishm

ent

is s

ubje

ct to

lic

ence

app

rove

d by

the

Min

iste

r o

f Fin

ance

with

the

co

nsen

t of t

he C

abin

et

II

AT

M o

pera

tions

per

mitt

ed

un

de

r th

e fo

llow

ing

cond

ition

s on

ly

i) jo

inin

g A

TM

poo

lsop

erat

ed b

y T

hai b

anks

o

r ii)

ope

ratio

n w

ithin

ow

n pr

emis

es

or

shar

ing

the

faci

litie

s w

ith

oth

er

com

mer

cial

ban

ks in

T

haila

nd

b) F

orei

gn b

ank

bran

ches

Non

e e

xcep

t as

indi

cate

d in

the

m

arke

t acc

ess

colu

mn

1 Th

e co

mm

itmen

ts fo

r S

ecur

ities

Com

pani

es u

nder

this

sub

sect

or a

re s

epar

atel

y lis

ted

belo

w

5

TH

AIL

AN

D

SC

HE

DU

LEO

FS

PE

CIF

ICC

OM

MIT

ME

NT

SF

OR

FIN

AN

CIA

LSE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

orde

r su

pply

2)

Co

nsu

mp

tion

ab

roa

d

3) C

omm

erci

al p

rese

nce

4

) P

rese

nce

of

natu

ral p

ers

on

s

Se

cto

rorS

ub

sect

or

Lim

itatio

nso

nM

ark

etA

cce

ss

Lim

itatio

nso

nN

atio

na

lTre

atm

en

t A

dd

itio

na

lCo

mm

itm

en

ts

(E)T

rans

fera

ble

secu

ritie

s

Par

ticip

atio

n in

iss

ues

of a

ll ki

nds

of s

ecur

ities

in

clud

ing

unde

r-w

ritin

g an

d p

lace

me

nt

as a

gent

(w

heth

er p

ublic

ly o

r pr

ivat

ely)

and

pro

visi

on o

f se

rvic

es r

elat

ed t

o s

uch

is

sues

2

III

Exi

stin

g fo

reig

n b

an

ks w

hich

al

read

y h

ad

th

e fi

rst

bran

ch o

ffic

e in

Th

aila

nd

pri

or

to J

uly

1995

will

ea

ch b

e p

erm

itte

d t

o o

pen

no

m

ore

than

tw

o a

dditi

onal

br

anch

es

IV N

on

e fo

r pa

rtic

ipat

ion

in c

hequ

e cl

eari

ng a

nd

se

ttle

me

nt s

yste

m

Ass

et m

an

ag

em

en

ea

s fo

llow

s

-ca

sh o

r po

rtfo

lio

man

agem

ent

-co

llect

ive

inve

stm

ent

man

agem

ent

-cu

stod

ian

and

depo

sito

ry s

erv

ice

s

Adv

isor

y i

nter

med

iatio

n a

nd

o

the

r au

xilia

ry f

inan

cial

se

rvic

es4

Pro

visi

on a

nd t

ran

sfe

r o

f fin

anci

al in

form

atio

n a

nd

fin

anci

al d

ata

pro

cess

ing

an

d

rela

ted

softw

are

c)

Loca

lly in

corp

ora

ted

ba

nks

I M

ark

et

acc

ess

lim

ited

to t

he

ac

quis

ition

of s

ha

res

of e

xist

ing

bank

s

II (

i) T

he

am

ou

nt o

f sha

res

held

by

pers

ons

of T

ha

i na

tiona

lity

shal

l n

ot b

e le

ss th

an

75

pe

rce

nt o

f th

e to

tal a

mo

un

t of v

otin

g sh

ares

sol

d C

om

bin

ed

sh

areh

oldi

ng o

f an

ind

ivid

ual

and

his

he

r re

late

d pe

rson

s sh

all

no

t e

xce

ed

10

pe

rce

nt o

f to

tal

nu

mb

er

of s

ha

res

sold

5

un

less

oth

erw

ise

per

mitt

ed b

y th

e B

an

k o

f Tha

iland

c)

Loca

lly in

corp

orat

ed b

an

ks

Non

e e

xce

pt a

s in

dica

ted

in t

he

m

ark

et a

cces

s co

lum

n

2 Th

e co

mm

itmen

ts fo

r S

ecur

ities

Com

pani

es u

nder

this

sub

sect

or a

re s

epar

atel

y lis

ted

belo

w

3 Th

e co

mm

itmen

ts fo

r Ass

et M

anag

emen

t Com

pani

es u

nder

this

sub

sect

or a

re s

epar

atel

y lis

ted

belo

w

4 Th

e co

mm

itmen

ts o

n In

vest

men

t Adv

isor

y fo

r S

ecur

ities

Com

pani

es u

nder

this

sub

sect

or a

re s

epar

atel

y lis

ted

belo

w

sro

tal n

umbe

r o

f sh

are

s so

ld i

nclu

de v

otin

g a

nd

no

n-v

otin

g s

ha

res

6

TH

AIL

AN

D

SC

HE

DU

LEO

FS

PE

CIF

ICC

OM

MIT

ME

NT

SF

OR

FIN

AN

CIA

LSE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

orde

r su

pply

2)

Con

sum

ptio

n ab

road

3)

Com

ll1er

cial

pre

senc

e 4)

P

rese

nce

of n

atur

al p~rsons

Se

cto

rorS

ub

sect

or

Lim

ita

tio

nso

nM

ark

etA

cce

ss

Lim

ita

tio

nso

nN

ati

on

alT

rea

tme

nt

Ad

dit

ion

alC

om

mit

me

n

ts

(ii)ln

the

ca

se w

here

the

Ban

k o

f T

haila

nd d

eem

s ap

prop

riate

th

e B

ank

of T

haila

nd m

ay g

rant

pe

rmis

sion

tha

t per

sons

of n

onshy

Tha

i na

tiona

lity

hold

sha

res

up

to 4

9 p

erce

nt o

f the

tot

al

amou

nt o

f vot

ing

shar

es s

old

(iii)

In t

he c

ase

whe

re it

is

nece

ssar

y to

rec

tify

the

oper

atio

n o

r to

str

engt

hen

the

stab

ility

of

any

loca

lly

inco

rpor

ated

ban

k o

r fo

r th

e pu

rpos

e o

f the

fina

ncia

l in

stitu

tions

sys

tem

sta

bilit

y t

he

Fin

ance

Min

iste

r with

the

re

com

men

datio

n o

f the

Ban

k o

f T

haila

nd s

hall

have

the

pow

er

to r

elax

the

req

uire

men

t o

f the

sh

areh

oldi

ng o

ther

than

tho

se

pres

crib

ed in

(c)

(

ii)

Suc

h eq

uity

par

ticip

atio

n w

ill b

e au

thor

ized

for

a p

erio

d o

f up

to

10 y

ears

w

ith fo

reig

n sh

areh

olde

rs w

ho e

nter

in t

his

perio

d be

ing

gran

dfat

here

d th

erea

fter

with

res

pect

to th

e ab

solu

te a

mou

nt o

f the

ir eq

uity

ho

ldin

g

III

(i) A

t le

ast t

hree

-fou

rths

of t

he

dire

ctor

s m

ust b

e o

f Tha

i na

tiona

lity

(ii

) In

th

e c

ase

whe

re t

he B

ank

of

7

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

ord

er

supp

ly

2) C

onsu

mpt

ion

abro

ad

3) C

omm

erci

al p

rese

nce

4)

Presenc~ o

f nat

ural

-pe=

-r-s

on

s---_

_--

Sec

toro

rSu

bse

cto

r L

imit

atio

nso

nM

arke

tAcc

ess

Lim

itat

ion

son

Nat

ion

alT

reat

men

t A

dd

itio

nal

Co

mm

itm

en

ts

Tha

iland

de

em

s ap

prop

riat

e

Th

e B

ank

of T

haila

nd m

ay

perm

it a

prop

ortio

n o

f non

-Tha

i na

tiona

lity

dir

ect

ors

of m

ore

than

one

-qua

rter

s b

ut s

hall

not

reac

h on

e h

alf

of t

he

tot

al

nu

mb

er

of d

irec

tors

(ii

i) In

the

cas

e w

he

re it

is

nece

ssar

y to

rec

tify

the

op

erat

ion

or

to s

tren

gthe

n th

e st

abili

ty o

f an

y lo

cally

in

corp

orat

ed b

an

k o

r fo

r th

e pu

rpos

e o

f th

e fi

nanc

ial

inst

itutio

n sy

stem

sta

bilit

y t

he

Fin

ance

Min

iste

r w

ith t

he

re

com

men

datio

n o

f th

e B

ank

of

Tha

iland

sha

ll h

ave

th

e p

ower

to

rel

ax t

he

re

qu

ire

me

nt

of t

he

dire

ctor

ship

oth

er

than

tho

se

pres

crib

ed in

(c)

III

(ii)

abov

e

Suc

h re

laxa

tion

ma

y be

gr

ante

d w

ith r

ule

an

d t

ime

clau

se

d) F

inan

cial

leas

ing

serv

ice

s

Can

onl

y be

pro

vide

d by

lea

sing

co

mpa

nies

whi

ch a

re s

ub

ject

to

max

imum

for

eign

eq

uity

par

ticip

atio

n o

f 49

per

cent

of p

aid

-up

reg

iste

red

capi

tal

or

by f

inan

ce c

om

pa

nie

s w

hich

are

sub

ject

to

ma

xim

um

fo

reig

n eq

uity

par

ticip

atio

n o

f 25

per

ce

nt o

f pai

d-up

reg

iste

red

capi

tal

d) F

inan

cial

leas

ing

serv

ices

Non

e

8

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

orde

r su

pply

2)

Con

sum

ptio

n ab

road

3)

Com

mer

cial

pre

senc

e 4)

P

rese

nce

of n

atur

al p

erso

ns

Sec

toro

rSu

bse

cto

r L

imit

atio

nso

nM

arke

tAcc

ess

Lim

itat

ion

son

Nat

ion

alT

reat

men

t A

dd

itio

nal

Co

mm

itm

en

ts

e) F

acto

ring

serv

ices

e)

Fac

torin

g se

rvic

es

Can

onl

y b

e pr

ovid

ed b

y fa

ctor

ing

com

pani

es w

hich

are

sub

ject

to

max

imum

for

eign

equ

ity p

artic

ipat

ion

of 4

9 pe

r cen

t of

pai

d-up

reg

iste

red

capi

tal

or

by fi

nanc

e co

mpa

nies

w

hich

are

sub

ject

to m

axim

um

fore

ign

equi

ty p

artic

ipat

ion

of 2

5 pe

r ce

nt o

f pai

d-up

reg

iste

red

capi

tal

Non

e

f)

Cre

dit

char

ge a

nd d

ebit

card

s f)

Cre

dit

char

ge a

nd d

ebit

card

s

Cre

dit

char

ge a

nd d

ebit

card

s ca

n on

ly b

e pr

ovid

ed b

y co

mpa

nies

w

hich

are

sub

ject

to

max

imum

fo

reig

n eq

uity

par

ticip

atio

n o

f 49

perc

ent

of p

aid-

up r

egis

tere

d ca

pita

l or

loca

lly in

corp

orat

ed b

an

ks a

nd

fore

ign

bank

bra

nche

s

Non

e

The

con

duct

of b

usin

esse

s un

der

d)

e) a

nd f)

will

be

subj

ect t

o lic

enS

ing

and

regu

latio

ns t

o b

e an

noun

ced

4)

For

ban

ks

repr

esen

tativ

e of

fices

and

fin

ance

com

pani

es

no q

uant

itativ

e lim

it ap

plie

s fo

r A

SE

AN

nat

iona

ls

App

rova

l sha

ll be

gra

nted

bas

ed o

n fo

reig

n se

rvic

es p

rovi

ders

bus

ines

s pl

ans

and

need

s

I 4)

Non

e

9

I

TH

AIL

AN

D

SC

HE

DU

LEO

FS

PE

CIF

ICC

OM

MIT

ME

NT

SF

OR

FIN

AN

CIA

LSE

RV

ICE

SU

NO

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

orde

r su

pply

2)

Con

sum

ptio

n ab

road

3)

Com

mer

cial

pre

senc

e 4)

P

rese

nce

of

natu

ral p

erso

ns

ii

Se

cto

rorS

ub

sect

or

Li m

itatio

nso

nM

ark

etA

cce

ss i

Lim

itatio

nso

nN

atio

na

lTre

atm

en

t A

dd

itio

na

lCo

mm

itm

en

ts

For

Sec

uriti

es C

ompa

nies

5

-se

curit

ies

brok

erag

e an

d de

alin

g -

deriv

ativ

es b

roke

rage

and

de

alin

g -

secu

ritie

s bo

rrow

ing

and

lend

ing

Tra

ding

for

ow

n ac

coun

t o

r fo

r ac

coun

t of c

usto

mer

s in

th

e fo

llow

ing

(C

) de

rivat

ive

prod

ucts

inc

l

but n

ot li

mite

d to

fu

ture

s an

d op

tions

(E

) tr

ansf

erab

le s

ecur

ities

1)

Unb

ound

2)

Non

e

3)

Unb

ound

exc

ept

I F

or r

epre

sent

ativ

e of

fices

no

ne

II F

or li

cens

ed s

ecur

ities

com

pany

fo

reig

n eq

uity

par

ticip

atio

n ca

n b

e

allo

wed

up

to 1

00 p

erce

nt o

fpai

d-up

ca

pita

l

4)

As

indi

cate

d in

the

hor

izon

tal s

ectio

n

1)

Non

e

2) N

one

3) N

one

4) A

s in

dica

ted

in t

he

hor

izon

tal s

ectio

n

For

Sec

uriti

es C

ompa

nies

tl

Sec

uriti

es U

nder

writ

ing

I 1)

Unb

ound

1)

N

one

Par

ticip

atio

n in

iss

ues

of a

ll ki

nds

of s

ecur

ities

in

clud

ing

I 2)

Non

e 2)

Non

e

unde

rwrit

ing

and

plac

emen

t as

age

nts

(whe

ther

pub

licly

or

priv

atel

y) a

nd p

rovi

sion

of

serv

ices

rel

ated

to

suc

h is

sues

I 3)

Unb

ound

exc

ept

I I

For

rep

rese

ntat

ive

offic

es

none

II F

or li

cens

ed s

ecur

ities

com

pany

fo

reig

n eq

uity

par

ticip

atio

n ca

n be

al

low

ed u

p to

100

per

cent

of p

aid-

up

capi

tal

3) N

one

41A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

4)

A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

6Sec

uriti

es c

ompa

nies

mea

n se

curit

ies

com

pani

es w

hich

are

not

com

mer

cial

ban

ks a

nd in

sura

nce

com

pani

es

10

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mo

de

s o

f Sllp

plL

1) G

ross-b()

rcj~

r su

pply

2)

Con

sulT

lptio

n ab

road

3)

Com

mer

cial

pre

senc

e 4)

P

rese

nce

of

natu

ral p

erso

ns

I S

ecto

rorS

ub

sect

or

Lim

itat

ion

son

Mar

ketA

cces

s L

imit

atio

nso

nN

atio

nal

Tre

atm

ent

Ad

dit

ion

alC

om

mit

men

ts

F

orA

sset

Ma

na

ge

me

nt

Com

pani

es

-m

utua

l fun

d m

an

ag

em

en

t -

priv

ate

fund

ma

na

ge

me

nt

I 1)

Un

bo

un

d

1)

Non

e

-de

riva

tives

fund

m

an

ag

em

en

t I 2

) N

on

e

2)

Non

e

-ve

ntur

e ca

pita

l man

agem

ent

Ass

et

ma

na

ge

me

nt

I 3)

Un

bo

un

d e

xcep

t

I F

or

repr

esen

tativ

e of

fices

n

on

e

II F

or

ass

et m

an

ag

em

en

t com

pani

es

fore

ign

equi

ty p

artic

ipat

ion

can

be

allo

we

d u

p to

100

per

cent

ofp

aid-

up

capi

tal

How

ever

du

ring

the

firs

t fiv

e

year

saft

er th

e lic

ense

has

bee

n gr

ante

d a

t le

ast 5

0 pe

rcen

t o

f th

e

paid

-up

capi

tal o

f th

ea

sse

t m

an

ag

em

en

t com

pany

mu

st b

e h

eld

by

finan

cial

inst

itutio

nses

tabl

ishe

d u

nd

er

Tha

i la

w7

3)

Non

e

For

Sec

uriti

es C

ompa

nies

tl

4A

s in

dic

ate

d in

the

hor

izon

tal s

ectio

n

4) A

s in

dica

ted

in t

he

hor

izon

tal s

ectio

n

Adv

isor

y I

nter

med

iatio

n an

d O

the

r Aux

iliar

y F

inan

cial

I 1

) U

nb

ou

nd

1)

N

one

Ser

vice

s

Inve

stm

en

t Adv

iSO

ry

I 2

No

ne

2)

N

one

7Fin

anci

al in

stitu

tions

esta

blis

hed

unde

r Tha

i law

s in

this

sec

tion

mea

n se

curit

ies

com

pani

es

com

mer

cial

ban

ks

life

insu

ranc

e co

mpa

nies

an

d sp

ecia

lized

fina

ncia

l in

stitu

tions

est

ablis

hed

unde

r spe

cific

law

s

11

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

pl

Sec

toro

rSu

bse

cto

r

1lGr

oss-

bltl

rd~r

sup

ply

2) C

onsu

mpt

ion

abro

ad

lim

itat

ion

son

Mar

ketA

cces

s

3) C

omm

erci

al p

rese

nce

4)

Pre

senc

e o

f nat

ural

per

sons

lim

itat

ion

son

Nat

ion

alT

reat

men

t A

dd

itio

nal

Co

mm

itm

en

ts

3)

Unb

ound

exc

ept

I F

or r

epre

sent

ativ

e of

fices

no

ne

3)

Non

e

II F

or s

ecur

ities

com

pani

es

a)

fore

ign

equi

ty p

artic

ipat

ion

can

be a

llow

ed u

p to

100

per

cent

o

f pai

d-up

cap

ital

b)

Lice

nse

may

be

gra

nted

to

finan

cial

inst

itutio

ns li

cens

ed

unde

r T

hai L

aws

and

a li

mite

d co

mpa

ny w

hich

is n

ewly

es

tabl

ishe

d

4)A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

4)

A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

Oth

er a

uxili

ary

finan

cial

se

rvic

es

Cre

dit c

ard

serv

ices

(C

PC

811

33)

(Mob

ilizi

ng f

unds

from

the

pu

blic

is p

rohi

bite

d u

nles

s lic

ense

d un

der

a fin

anci

al

law

)

1) N

one

2) N

one

3) a

) A

s in

dica

ted

in B

3)(

h)

abov

e

b)

Fin

anci

al in

stitu

tions

mus

t obt

ain

prio

r ap

prov

al f

rom

the

Ban

k of

T

haila

nd

1) N

one

2) N

one

3) N

o lim

itatio

n as

long

as

fore

ign

equi

ty

part

icip

atio

n do

es n

ot e

xcee

d 49

per

ce

nt

4) A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

4) N

one

12

--

TH

AIL

AN

D

S

CH

ED

ULE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IALS

ER

VIC

ES

UN

DE

RA

FA

S

-_ -

-__

__

--

-__

__ -_

--

--

_

_

_

_ _

_---

__

-_

_

-_

_

-__

_-

_

-_

--

_

_-_

_--__

--_

-

Se

cto

rorS

ub

sect

or

Lim

ita

tio

nso

nM

ark

etA

cce

ss

Lim

ita

tio

nso

nN

ati

on

alT

rea

tme

nt

Ad

dit

lon

alC

om

mlt

me

n

ts

Fin

anci

al c

onsu

ltanc

y se

rvic

es

(CP

C 8

1332

)

1) U

nbou

nd

2) N

one

3) N

one

othe

r th

an t

hat

indi

cate

d in

the

ho

rizon

tal s

ectio

n

4)

As

indi

cate

d in

the

hor

izon

tal s

ectio

n

1) N

one

2) N

one

3) N

o lim

itatio

n as

long

as

fore

ign

equi

ty

part

icip

atio

n do

es n

ot e

xcee

d 4

9 p

er

cent

4)

Non

e

-shy

bull 13

Pro

toco

l to

Imp

lem

en

t th

e S

ixth

Pac

kage

of C

om

mit

me

nt o

n F

ina

nci

al S

erv

ice

s

un

de

r th

e A

SE

AN

Fra

me

wo

rk A

gre

em

en

t on

Se

rvic

es

TH

AIL

AN

D

SC

HE

DU

LE O

F S

PE

CIF

IC S

ER

VIC

ES

CO

MM

ITM

EN

TS

TH

AIL

AN

D

SC

HE

DU

LEO

FS

PE

CIF

ICC

OM

MIT

ME

NT

SF

OR

FIN

AN

CIA

LSE

RV

ICE

SU

ND

ER

AF

AS

Mo

de

s o

f Sup

ply

1)

Gro

ss-b

ord

er

sup

ply

2)

Co

nsu

mp

tio

n a

bro

ad

3)

G()mmer~ii31

pr(

se

nce

4)

presell~e (

)f n

atu

ral p

ers

on

s

Se

cto

rorS

ub

sect

or

Lim

ita

tio

nso

nM

ark

etA

cce

ss

Lim

itatio

nso

nN

atlo

na

lTre

atm

en

t I

Ad

dit

lon

alC

om

mit

me

n

ts

A

Insu

ran

ce in

clu

din

g

rein

sura

nce

an

d

retr

oce

ssio

n

life

insu

ran

ce s

erv

ice

s(C

PC

8

12

11

) 1)

No

ne

2) N

on

e

3) a

) F

ore

ign

eq

uity

pa

rtic

ipa

tion

lim

ited

to

2

5 p

er

cen

t o

f re

gis

tere

d s

ha

re

capi

tal

b) N

ew

est

ab

lish

me

nt

is s

ub

ject

to

lice

nce

ap

pro

ved

by

the

Min

iste

r with

th

e c

on

sen

t of t

he

Ca

bin

et

4) O

nly

se

nio

r m

an

ag

eri

al p

ers

on

ne

l sp

eci

alis

ts a

nd

te

chn

ica

l a

ssis

tan

ts w

ith

the

ap

pro

val o

f th

e I

nsu

ran

ce

Co

mm

issi

on

er

1) N

on

e

2)

life

insu

ran

ce p

rem

ium

is t

ax

de

du

ctib

le u

p to

a c

erta

in a

mo

un

t fo

r h

old

ers

of p

olic

ies

issu

ed

by

loca

l co

mp

an

ies

I 3)

No

ne

I 4)

No

ne

No

n-l

ife in

sura

nce

se

rvic

es

(CP

C 8

12

9)

1) U

nb

ou

nd

exc

ep

t fo

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tern

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l m

ari

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a

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an

d t

ran

sit

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d a

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ass

es

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nce

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ne

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) F

ore

ign

eq

uity

pa

rtic

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lim

ited

to

2

5 p

erc

en

t of r

eg

iste

red

sh

are

ca

pita

l

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nb

ou

nd

I 2)

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ne

I 3)

No

ne

2

-1

TH

AIL

AN

D

SC

HE

DU

LEO

FS

PE

CIF

ICC

OM

MIT

ME

NT

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OR

FIN

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CIA

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RV

ICE

SU

ND

ER

AF

AS

Mod

es o

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ply

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Cro

ss-b

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pply

2

) C

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senc

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sons

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cto

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ita

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ark

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itatio

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nN

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en

t I A

dd

itio

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mm

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Ser

vice

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xilia

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in

sura

nce

(exc

ludi

ng p

ensi

on

fund

ing

serv

ices

)

Insu

ranc

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okin

g an

d ag

ency

ser

vice

s (C

PC

814

01)(

Bro

kers

sha

ll n

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nduc

e a

dvis

e o

r do

any

a

cts

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s to

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on t

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ter

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ins

urer

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road

ex

cept

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rein

sura

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cont

ract

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Insu

ranc

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rvic

es

(CP

C 8

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)

b)

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est

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t is

sub

ject

to

licen

se a

ppro

ved

by

the

Min

iste

r w

ith

the

cons

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f the

Cab

inet

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nly

seni

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sonn

el

spec

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echn

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ass

ista

nts

with

th

e ap

prov

al o

f the

Ins

uran

ce

Com

mis

sion

er

1) U

nbou

nd

2) U

nbou

nd

3)

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eign

equ

ity p

artic

ipat

ion

not

to

exce

ed 4

9 pe

r ce

nt

4) a

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nly

seni

or m

anag

eria

l per

sonn

el

spec

ialis

ts a

nd t

echn

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ista

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with

the

app

rova

l of t

he I

nsur

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omm

issi

oner

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U

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or in

divi

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ker

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agen

t

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one

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er t

han

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cate

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the

ho

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sec

tion

4 O

nly

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sonn

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th

e ap

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Ins

uran

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I 4)

Non

e

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o lim

itatio

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does

not

exc

eed

49

pe

r ce

nt

4) N

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1) N

one

2) N

one

3) N

o lim

itatio

n as

long

as

fore

ign

equi

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part

icip

atio

n d

oe

s no

t exc

eed

49 p

er

cent

4) N

one

3

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

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RV

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SU

ND

ER

AF

AS

Mod

es o

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rvic

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Ave

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loss

adj

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ectio

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texc

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49

pe

r ce

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4)N

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pers

onne

lspe

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tec

hnic

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assi

stan

ts w

ith t

he a

ppro

val o

f the

In

sura

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mis

sion

er

4) O

nly

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anag

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~shy

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(C

PC

814

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e

Act

uaria

l ser

vice

s

2) N

one

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one

oth

er

than

tha

t in

dica

ted

in

3) N

o lim

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n eq

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ehor

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tal s

ectio

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part

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n d

oe

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t exc

eed

49

per

ce

nt

4)N

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pers

onne

lspe

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hnic

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assi

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ts w

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In

sura

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mis

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nly

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anag

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4

TH

AIL

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D

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HE

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LE

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MM

ITM

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ND

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AF

AS

Mod

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I

Cro

ss-b

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mer

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P

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Ban

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Fin

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Tra

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or

all

oth

er

serv

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3) a

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epre

sent

ativ

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ficeo

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ks N

one

I3)

a) R

epre

sent

ativ

e of

fice

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nks

Non

e b)

For

eign

ban

k br

anch

es

I N

one

for

exis

ting

fore

ign

bank

br

anch

es u

nder

pre

sent

sh

areh

oldi

ng s

truc

ture

N

ew

es

tabl

ishm

ent

is s

ubje

ct to

lic

ence

app

rove

d by

the

Min

iste

r o

f Fin

ance

with

the

co

nsen

t of t

he C

abin

et

II

AT

M o

pera

tions

per

mitt

ed

un

de

r th

e fo

llow

ing

cond

ition

s on

ly

i) jo

inin

g A

TM

poo

lsop

erat

ed b

y T

hai b

anks

o

r ii)

ope

ratio

n w

ithin

ow

n pr

emis

es

or

shar

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the

faci

litie

s w

ith

oth

er

com

mer

cial

ban

ks in

T

haila

nd

b) F

orei

gn b

ank

bran

ches

Non

e e

xcep

t as

indi

cate

d in

the

m

arke

t acc

ess

colu

mn

1 Th

e co

mm

itmen

ts fo

r S

ecur

ities

Com

pani

es u

nder

this

sub

sect

or a

re s

epar

atel

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ted

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w

5

TH

AIL

AN

D

SC

HE

DU

LEO

FS

PE

CIF

ICC

OM

MIT

ME

NT

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OR

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AN

CIA

LSE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

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ss-b

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pply

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nsu

mp

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ab

roa

d

3) C

omm

erci

al p

rese

nce

4

) P

rese

nce

of

natu

ral p

ers

on

s

Se

cto

rorS

ub

sect

or

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itatio

nso

nM

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etA

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ss

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itatio

nso

nN

atio

na

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atm

en

t A

dd

itio

na

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mm

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en

ts

(E)T

rans

fera

ble

secu

ritie

s

Par

ticip

atio

n in

iss

ues

of a

ll ki

nds

of s

ecur

ities

in

clud

ing

unde

r-w

ritin

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d p

lace

me

nt

as a

gent

(w

heth

er p

ublic

ly o

r pr

ivat

ely)

and

pro

visi

on o

f se

rvic

es r

elat

ed t

o s

uch

is

sues

2

III

Exi

stin

g fo

reig

n b

an

ks w

hich

al

read

y h

ad

th

e fi

rst

bran

ch o

ffic

e in

Th

aila

nd

pri

or

to J

uly

1995

will

ea

ch b

e p

erm

itte

d t

o o

pen

no

m

ore

than

tw

o a

dditi

onal

br

anch

es

IV N

on

e fo

r pa

rtic

ipat

ion

in c

hequ

e cl

eari

ng a

nd

se

ttle

me

nt s

yste

m

Ass

et m

an

ag

em

en

ea

s fo

llow

s

-ca

sh o

r po

rtfo

lio

man

agem

ent

-co

llect

ive

inve

stm

ent

man

agem

ent

-cu

stod

ian

and

depo

sito

ry s

erv

ice

s

Adv

isor

y i

nter

med

iatio

n a

nd

o

the

r au

xilia

ry f

inan

cial

se

rvic

es4

Pro

visi

on a

nd t

ran

sfe

r o

f fin

anci

al in

form

atio

n a

nd

fin

anci

al d

ata

pro

cess

ing

an

d

rela

ted

softw

are

c)

Loca

lly in

corp

ora

ted

ba

nks

I M

ark

et

acc

ess

lim

ited

to t

he

ac

quis

ition

of s

ha

res

of e

xist

ing

bank

s

II (

i) T

he

am

ou

nt o

f sha

res

held

by

pers

ons

of T

ha

i na

tiona

lity

shal

l n

ot b

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ss th

an

75

pe

rce

nt o

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e to

tal a

mo

un

t of v

otin

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ares

sol

d C

om

bin

ed

sh

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ng o

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ind

ivid

ual

and

his

he

r re

late

d pe

rson

s sh

all

no

t e

xce

ed

10

pe

rce

nt o

f to

tal

nu

mb

er

of s

ha

res

sold

5

un

less

oth

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ise

per

mitt

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y th

e B

an

k o

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c)

Loca

lly in

corp

orat

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an

ks

Non

e e

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pt a

s in

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ted

in t

he

m

ark

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cces

s co

lum

n

2 Th

e co

mm

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ts fo

r S

ecur

ities

Com

pani

es u

nder

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sub

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re s

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w

3 Th

e co

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ts fo

r Ass

et M

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t Com

pani

es u

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sect

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4 Th

e co

mm

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ts o

n In

vest

men

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Com

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sect

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w

sro

tal n

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r o

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are

s so

ld i

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6

TH

AIL

AN

D

SC

HE

DU

LEO

FS

PE

CIF

ICC

OM

MIT

ME

NT

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OR

FIN

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CIA

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RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

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Cro

ss-b

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pply

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Con

sum

ptio

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road

3)

Com

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cial

pre

senc

e 4)

P

rese

nce

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atur

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Se

cto

rorS

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sect

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Lim

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ita

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on

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rea

tme

nt

Ad

dit

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om

mit

me

n

ts

(ii)ln

the

ca

se w

here

the

Ban

k o

f T

haila

nd d

eem

s ap

prop

riate

th

e B

ank

of T

haila

nd m

ay g

rant

pe

rmis

sion

tha

t per

sons

of n

onshy

Tha

i na

tiona

lity

hold

sha

res

up

to 4

9 p

erce

nt o

f the

tot

al

amou

nt o

f vot

ing

shar

es s

old

(iii)

In t

he c

ase

whe

re it

is

nece

ssar

y to

rec

tify

the

oper

atio

n o

r to

str

engt

hen

the

stab

ility

of

any

loca

lly

inco

rpor

ated

ban

k o

r fo

r th

e pu

rpos

e o

f the

fina

ncia

l in

stitu

tions

sys

tem

sta

bilit

y t

he

Fin

ance

Min

iste

r with

the

re

com

men

datio

n o

f the

Ban

k o

f T

haila

nd s

hall

have

the

pow

er

to r

elax

the

req

uire

men

t o

f the

sh

areh

oldi

ng o

ther

than

tho

se

pres

crib

ed in

(c)

(

ii)

Suc

h eq

uity

par

ticip

atio

n w

ill b

e au

thor

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a p

erio

d o

f up

to

10 y

ears

w

ith fo

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n sh

areh

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rs w

ho e

nter

in t

his

perio

d be

ing

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dfat

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with

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pect

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e ab

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nt o

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ir eq

uity

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ldin

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III

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t le

ast t

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rths

of t

he

dire

ctor

s m

ust b

e o

f Tha

i na

tiona

lity

(ii

) In

th

e c

ase

whe

re t

he B

ank

of

7

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

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EN

TS

FO

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RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

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Cro

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ly

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mpt

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ad

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rese

nce

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Presenc~ o

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on

s---_

_--

Sec

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t A

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Co

mm

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Tha

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e

Th

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ank

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ay

perm

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prop

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ect

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of m

ore

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hall

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h on

e h

alf

of t

he

tot

al

nu

mb

er

of d

irec

tors

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the

cas

e w

he

re it

is

nece

ssar

y to

rec

tify

the

op

erat

ion

or

to s

tren

gthe

n th

e st

abili

ty o

f an

y lo

cally

in

corp

orat

ed b

an

k o

r fo

r th

e pu

rpos

e o

f th

e fi

nanc

ial

inst

itutio

n sy

stem

sta

bilit

y t

he

Fin

ance

Min

iste

r w

ith t

he

re

com

men

datio

n o

f th

e B

ank

of

Tha

iland

sha

ll h

ave

th

e p

ower

to

rel

ax t

he

re

qu

ire

me

nt

of t

he

dire

ctor

ship

oth

er

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se

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crib

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III

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abov

e

Suc

h re

laxa

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ma

y be

gr

ante

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ith r

ule

an

d t

ime

clau

se

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inan

cial

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ing

serv

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s

Can

onl

y be

pro

vide

d by

lea

sing

co

mpa

nies

whi

ch a

re s

ub

ject

to

max

imum

for

eign

eq

uity

par

ticip

atio

n o

f 49

per

cent

of p

aid

-up

reg

iste

red

capi

tal

or

by f

inan

ce c

om

pa

nie

s w

hich

are

sub

ject

to

ma

xim

um

fo

reig

n eq

uity

par

ticip

atio

n o

f 25

per

ce

nt o

f pai

d-up

reg

iste

red

capi

tal

d) F

inan

cial

leas

ing

serv

ices

Non

e

8

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

orde

r su

pply

2)

Con

sum

ptio

n ab

road

3)

Com

mer

cial

pre

senc

e 4)

P

rese

nce

of n

atur

al p

erso

ns

Sec

toro

rSu

bse

cto

r L

imit

atio

nso

nM

arke

tAcc

ess

Lim

itat

ion

son

Nat

ion

alT

reat

men

t A

dd

itio

nal

Co

mm

itm

en

ts

e) F

acto

ring

serv

ices

e)

Fac

torin

g se

rvic

es

Can

onl

y b

e pr

ovid

ed b

y fa

ctor

ing

com

pani

es w

hich

are

sub

ject

to

max

imum

for

eign

equ

ity p

artic

ipat

ion

of 4

9 pe

r cen

t of

pai

d-up

reg

iste

red

capi

tal

or

by fi

nanc

e co

mpa

nies

w

hich

are

sub

ject

to m

axim

um

fore

ign

equi

ty p

artic

ipat

ion

of 2

5 pe

r ce

nt o

f pai

d-up

reg

iste

red

capi

tal

Non

e

f)

Cre

dit

char

ge a

nd d

ebit

card

s f)

Cre

dit

char

ge a

nd d

ebit

card

s

Cre

dit

char

ge a

nd d

ebit

card

s ca

n on

ly b

e pr

ovid

ed b

y co

mpa

nies

w

hich

are

sub

ject

to

max

imum

fo

reig

n eq

uity

par

ticip

atio

n o

f 49

perc

ent

of p

aid-

up r

egis

tere

d ca

pita

l or

loca

lly in

corp

orat

ed b

an

ks a

nd

fore

ign

bank

bra

nche

s

Non

e

The

con

duct

of b

usin

esse

s un

der

d)

e) a

nd f)

will

be

subj

ect t

o lic

enS

ing

and

regu

latio

ns t

o b

e an

noun

ced

4)

For

ban

ks

repr

esen

tativ

e of

fices

and

fin

ance

com

pani

es

no q

uant

itativ

e lim

it ap

plie

s fo

r A

SE

AN

nat

iona

ls

App

rova

l sha

ll be

gra

nted

bas

ed o

n fo

reig

n se

rvic

es p

rovi

ders

bus

ines

s pl

ans

and

need

s

I 4)

Non

e

9

I

TH

AIL

AN

D

SC

HE

DU

LEO

FS

PE

CIF

ICC

OM

MIT

ME

NT

SF

OR

FIN

AN

CIA

LSE

RV

ICE

SU

NO

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

orde

r su

pply

2)

Con

sum

ptio

n ab

road

3)

Com

mer

cial

pre

senc

e 4)

P

rese

nce

of

natu

ral p

erso

ns

ii

Se

cto

rorS

ub

sect

or

Li m

itatio

nso

nM

ark

etA

cce

ss i

Lim

itatio

nso

nN

atio

na

lTre

atm

en

t A

dd

itio

na

lCo

mm

itm

en

ts

For

Sec

uriti

es C

ompa

nies

5

-se

curit

ies

brok

erag

e an

d de

alin

g -

deriv

ativ

es b

roke

rage

and

de

alin

g -

secu

ritie

s bo

rrow

ing

and

lend

ing

Tra

ding

for

ow

n ac

coun

t o

r fo

r ac

coun

t of c

usto

mer

s in

th

e fo

llow

ing

(C

) de

rivat

ive

prod

ucts

inc

l

but n

ot li

mite

d to

fu

ture

s an

d op

tions

(E

) tr

ansf

erab

le s

ecur

ities

1)

Unb

ound

2)

Non

e

3)

Unb

ound

exc

ept

I F

or r

epre

sent

ativ

e of

fices

no

ne

II F

or li

cens

ed s

ecur

ities

com

pany

fo

reig

n eq

uity

par

ticip

atio

n ca

n b

e

allo

wed

up

to 1

00 p

erce

nt o

fpai

d-up

ca

pita

l

4)

As

indi

cate

d in

the

hor

izon

tal s

ectio

n

1)

Non

e

2) N

one

3) N

one

4) A

s in

dica

ted

in t

he

hor

izon

tal s

ectio

n

For

Sec

uriti

es C

ompa

nies

tl

Sec

uriti

es U

nder

writ

ing

I 1)

Unb

ound

1)

N

one

Par

ticip

atio

n in

iss

ues

of a

ll ki

nds

of s

ecur

ities

in

clud

ing

I 2)

Non

e 2)

Non

e

unde

rwrit

ing

and

plac

emen

t as

age

nts

(whe

ther

pub

licly

or

priv

atel

y) a

nd p

rovi

sion

of

serv

ices

rel

ated

to

suc

h is

sues

I 3)

Unb

ound

exc

ept

I I

For

rep

rese

ntat

ive

offic

es

none

II F

or li

cens

ed s

ecur

ities

com

pany

fo

reig

n eq

uity

par

ticip

atio

n ca

n be

al

low

ed u

p to

100

per

cent

of p

aid-

up

capi

tal

3) N

one

41A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

4)

A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

6Sec

uriti

es c

ompa

nies

mea

n se

curit

ies

com

pani

es w

hich

are

not

com

mer

cial

ban

ks a

nd in

sura

nce

com

pani

es

10

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mo

de

s o

f Sllp

plL

1) G

ross-b()

rcj~

r su

pply

2)

Con

sulT

lptio

n ab

road

3)

Com

mer

cial

pre

senc

e 4)

P

rese

nce

of

natu

ral p

erso

ns

I S

ecto

rorS

ub

sect

or

Lim

itat

ion

son

Mar

ketA

cces

s L

imit

atio

nso

nN

atio

nal

Tre

atm

ent

Ad

dit

ion

alC

om

mit

men

ts

F

orA

sset

Ma

na

ge

me

nt

Com

pani

es

-m

utua

l fun

d m

an

ag

em

en

t -

priv

ate

fund

ma

na

ge

me

nt

I 1)

Un

bo

un

d

1)

Non

e

-de

riva

tives

fund

m

an

ag

em

en

t I 2

) N

on

e

2)

Non

e

-ve

ntur

e ca

pita

l man

agem

ent

Ass

et

ma

na

ge

me

nt

I 3)

Un

bo

un

d e

xcep

t

I F

or

repr

esen

tativ

e of

fices

n

on

e

II F

or

ass

et m

an

ag

em

en

t com

pani

es

fore

ign

equi

ty p

artic

ipat

ion

can

be

allo

we

d u

p to

100

per

cent

ofp

aid-

up

capi

tal

How

ever

du

ring

the

firs

t fiv

e

year

saft

er th

e lic

ense

has

bee

n gr

ante

d a

t le

ast 5

0 pe

rcen

t o

f th

e

paid

-up

capi

tal o

f th

ea

sse

t m

an

ag

em

en

t com

pany

mu

st b

e h

eld

by

finan

cial

inst

itutio

nses

tabl

ishe

d u

nd

er

Tha

i la

w7

3)

Non

e

For

Sec

uriti

es C

ompa

nies

tl

4A

s in

dic

ate

d in

the

hor

izon

tal s

ectio

n

4) A

s in

dica

ted

in t

he

hor

izon

tal s

ectio

n

Adv

isor

y I

nter

med

iatio

n an

d O

the

r Aux

iliar

y F

inan

cial

I 1

) U

nb

ou

nd

1)

N

one

Ser

vice

s

Inve

stm

en

t Adv

iSO

ry

I 2

No

ne

2)

N

one

7Fin

anci

al in

stitu

tions

esta

blis

hed

unde

r Tha

i law

s in

this

sec

tion

mea

n se

curit

ies

com

pani

es

com

mer

cial

ban

ks

life

insu

ranc

e co

mpa

nies

an

d sp

ecia

lized

fina

ncia

l in

stitu

tions

est

ablis

hed

unde

r spe

cific

law

s

11

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

pl

Sec

toro

rSu

bse

cto

r

1lGr

oss-

bltl

rd~r

sup

ply

2) C

onsu

mpt

ion

abro

ad

lim

itat

ion

son

Mar

ketA

cces

s

3) C

omm

erci

al p

rese

nce

4)

Pre

senc

e o

f nat

ural

per

sons

lim

itat

ion

son

Nat

ion

alT

reat

men

t A

dd

itio

nal

Co

mm

itm

en

ts

3)

Unb

ound

exc

ept

I F

or r

epre

sent

ativ

e of

fices

no

ne

3)

Non

e

II F

or s

ecur

ities

com

pani

es

a)

fore

ign

equi

ty p

artic

ipat

ion

can

be a

llow

ed u

p to

100

per

cent

o

f pai

d-up

cap

ital

b)

Lice

nse

may

be

gra

nted

to

finan

cial

inst

itutio

ns li

cens

ed

unde

r T

hai L

aws

and

a li

mite

d co

mpa

ny w

hich

is n

ewly

es

tabl

ishe

d

4)A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

4)

A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

Oth

er a

uxili

ary

finan

cial

se

rvic

es

Cre

dit c

ard

serv

ices

(C

PC

811

33)

(Mob

ilizi

ng f

unds

from

the

pu

blic

is p

rohi

bite

d u

nles

s lic

ense

d un

der

a fin

anci

al

law

)

1) N

one

2) N

one

3) a

) A

s in

dica

ted

in B

3)(

h)

abov

e

b)

Fin

anci

al in

stitu

tions

mus

t obt

ain

prio

r ap

prov

al f

rom

the

Ban

k of

T

haila

nd

1) N

one

2) N

one

3) N

o lim

itatio

n as

long

as

fore

ign

equi

ty

part

icip

atio

n do

es n

ot e

xcee

d 49

per

ce

nt

4) A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

4) N

one

12

--

TH

AIL

AN

D

S

CH

ED

ULE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IALS

ER

VIC

ES

UN

DE

RA

FA

S

-_ -

-__

__

--

-__

__ -_

--

--

_

_

_

_ _

_---

__

-_

_

-_

_

-__

_-

_

-_

--

_

_-_

_--__

--_

-

Se

cto

rorS

ub

sect

or

Lim

ita

tio

nso

nM

ark

etA

cce

ss

Lim

ita

tio

nso

nN

ati

on

alT

rea

tme

nt

Ad

dit

lon

alC

om

mlt

me

n

ts

Fin

anci

al c

onsu

ltanc

y se

rvic

es

(CP

C 8

1332

)

1) U

nbou

nd

2) N

one

3) N

one

othe

r th

an t

hat

indi

cate

d in

the

ho

rizon

tal s

ectio

n

4)

As

indi

cate

d in

the

hor

izon

tal s

ectio

n

1) N

one

2) N

one

3) N

o lim

itatio

n as

long

as

fore

ign

equi

ty

part

icip

atio

n do

es n

ot e

xcee

d 4

9 p

er

cent

4)

Non

e

-shy

bull 13

TH

AIL

AN

D

SC

HE

DU

LEO

FS

PE

CIF

ICC

OM

MIT

ME

NT

SF

OR

FIN

AN

CIA

LSE

RV

ICE

SU

ND

ER

AF

AS

Mo

de

s o

f Sup

ply

1)

Gro

ss-b

ord

er

sup

ply

2)

Co

nsu

mp

tio

n a

bro

ad

3)

G()mmer~ii31

pr(

se

nce

4)

presell~e (

)f n

atu

ral p

ers

on

s

Se

cto

rorS

ub

sect

or

Lim

ita

tio

nso

nM

ark

etA

cce

ss

Lim

itatio

nso

nN

atlo

na

lTre

atm

en

t I

Ad

dit

lon

alC

om

mit

me

n

ts

A

Insu

ran

ce in

clu

din

g

rein

sura

nce

an

d

retr

oce

ssio

n

life

insu

ran

ce s

erv

ice

s(C

PC

8

12

11

) 1)

No

ne

2) N

on

e

3) a

) F

ore

ign

eq

uity

pa

rtic

ipa

tion

lim

ited

to

2

5 p

er

cen

t o

f re

gis

tere

d s

ha

re

capi

tal

b) N

ew

est

ab

lish

me

nt

is s

ub

ject

to

lice

nce

ap

pro

ved

by

the

Min

iste

r with

th

e c

on

sen

t of t

he

Ca

bin

et

4) O

nly

se

nio

r m

an

ag

eri

al p

ers

on

ne

l sp

eci

alis

ts a

nd

te

chn

ica

l a

ssis

tan

ts w

ith

the

ap

pro

val o

f th

e I

nsu

ran

ce

Co

mm

issi

on

er

1) N

on

e

2)

life

insu

ran

ce p

rem

ium

is t

ax

de

du

ctib

le u

p to

a c

erta

in a

mo

un

t fo

r h

old

ers

of p

olic

ies

issu

ed

by

loca

l co

mp

an

ies

I 3)

No

ne

I 4)

No

ne

No

n-l

ife in

sura

nce

se

rvic

es

(CP

C 8

12

9)

1) U

nb

ou

nd

exc

ep

t fo

r in

tern

atio

na

l m

ari

ne

a

via

tion

an

d t

ran

sit

an

d a

ll cl

ass

es

of

rein

sura

nce

2)

No

ne

3) a

) F

ore

ign

eq

uity

pa

rtic

ipa

tion

lim

ited

to

2

5 p

erc

en

t of r

eg

iste

red

sh

are

ca

pita

l

1) U

nb

ou

nd

I 2)

No

ne

I 3)

No

ne

2

-1

TH

AIL

AN

D

SC

HE

DU

LEO

FS

PE

CIF

ICC

OM

MIT

ME

NT

SF

OR

FIN

AN

CIA

LSE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

1

Cro

ss-b

orde

r su

pply

2

) C

onsu

mpt

ion

abro

ad

3) C

omm

erci

al p

rese

nce

4)

Pre

senc

e o

f nat

ural

per

sons

Se

cto

rorS

ub

sect

or

Lim

ita

tio

nso

nM

ark

etA

cce

ss

Lim

itatio

nso

nN

atio

na

lTre

atm

en

t I A

dd

itio

na

lCo

mm

itme

n

ts

Ser

vice

s au

xilia

ry to

in

sura

nce

(exc

ludi

ng p

ensi

on

fund

ing

serv

ices

)

Insu

ranc

e br

okin

g an

d ag

ency

ser

vice

s (C

PC

814

01)(

Bro

kers

sha

ll n

ot i

nduc

e a

dvis

e o

r do

any

a

cts

so a

s to

cau

se a

ny

pers

on t

o en

ter

into

insu

ranc

e co

ntra

cts

with

ins

urer

s ab

road

ex

cept

for

rein

sura

nce

cont

ract

s)

Insu

ranc

e co

nsul

tanc

y se

rvic

es

(CP

C 8

1402

)

b)

New

est

ablis

hmen

t is

sub

ject

to

licen

se a

ppro

ved

by

the

Min

iste

r w

ith

the

cons

ent o

f the

Cab

inet

4) O

nly

seni

or m

anag

eria

l per

sonn

el

spec

ialis

ts a

nd t

echn

ical

ass

ista

nts

with

th

e ap

prov

al o

f the

Ins

uran

ce

Com

mis

sion

er

1) U

nbou

nd

2) U

nbou

nd

3)

For

eign

equ

ity p

artic

ipat

ion

not

to

exce

ed 4

9 pe

r ce

nt

4) a

) O

nly

seni

or m

anag

eria

l per

sonn

el

spec

ialis

ts a

nd t

echn

ical

ass

ista

nts

with

the

app

rova

l of t

he I

nsur

ance

C

omm

issi

oner

b)

U

nbou

nd f

or in

divi

dual

bro

ker

and

agen

t

1) N

one

2) N

one

3) N

one

oth

er t

han

that

indi

cate

d in

the

ho

rizo

jltal

sec

tion

4 O

nly

seni

or m

anag

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Ins

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uity

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eed

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pe

r ce

nt

4) N

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one

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one

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o lim

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long

as

fore

ign

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icip

atio

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oe

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t exc

eed

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er

cent

4) N

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TH

AIL

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HE

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OF

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ND

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Mod

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th

ehor

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ectio

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texc

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49

pe

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onne

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assi

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ound

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er

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or

all

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) R

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ficeo

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ks N

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ativ

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fice

ofba

nks

Non

e b)

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eign

ban

k br

anch

es

I N

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for

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ting

fore

ign

bank

br

anch

es u

nder

pre

sent

sh

areh

oldi

ng s

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ture

N

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es

tabl

ishm

ent

is s

ubje

ct to

lic

ence

app

rove

d by

the

Min

iste

r o

f Fin

ance

with

the

co

nsen

t of t

he C

abin

et

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AT

M o

pera

tions

per

mitt

ed

un

de

r th

e fo

llow

ing

cond

ition

s on

ly

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inin

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TM

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litie

s w

ith

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mer

cial

ban

ks in

T

haila

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ank

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m

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Com

pani

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nder

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TH

AIL

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D

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HE

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ICC

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nce

4

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rese

nce

of

natu

ral p

ers

on

s

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cto

rorS

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t A

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mm

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rans

fera

ble

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ritie

s

Par

ticip

atio

n in

iss

ues

of a

ll ki

nds

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ecur

ities

in

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ing

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r-w

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d p

lace

me

nt

as a

gent

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ly o

r pr

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2

III

Exi

stin

g fo

reig

n b

an

ks w

hich

al

read

y h

ad

th

e fi

rst

bran

ch o

ffic

e in

Th

aila

nd

pri

or

to J

uly

1995

will

ea

ch b

e p

erm

itte

d t

o o

pen

no

m

ore

than

tw

o a

dditi

onal

br

anch

es

IV N

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e fo

r pa

rtic

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eari

ng a

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ttle

me

nt s

yste

m

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et m

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ag

em

en

ea

s fo

llow

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sh o

r po

rtfo

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agem

ent

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llect

ive

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stm

ent

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agem

ent

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ian

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depo

sito

ry s

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s

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isor

y i

nter

med

iatio

n a

nd

o

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r au

xilia

ry f

inan

cial

se

rvic

es4

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visi

on a

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ran

sfe

r o

f fin

anci

al in

form

atio

n a

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fin

anci

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ata

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cess

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an

d

rela

ted

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are

c)

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lly in

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ora

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ba

nks

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ark

et

acc

ess

lim

ited

to t

he

ac

quis

ition

of s

ha

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xist

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i) T

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k o

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ks

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AIL

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D

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HE

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ND

ER

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AS

Mod

es o

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ply

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ss-b

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pply

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ptio

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atur

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se w

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eem

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ank

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ay g

rant

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t per

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onshy

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i na

tiona

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sha

res

up

to 4

9 p

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nt o

f the

tot

al

amou

nt o

f vot

ing

shar

es s

old

(iii)

In t

he c

ase

whe

re it

is

nece

ssar

y to

rec

tify

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oper

atio

n o

r to

str

engt

hen

the

stab

ility

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any

loca

lly

inco

rpor

ated

ban

k o

r fo

r th

e pu

rpos

e o

f the

fina

ncia

l in

stitu

tions

sys

tem

sta

bilit

y t

he

Fin

ance

Min

iste

r with

the

re

com

men

datio

n o

f the

Ban

k o

f T

haila

nd s

hall

have

the

pow

er

to r

elax

the

req

uire

men

t o

f the

sh

areh

oldi

ng o

ther

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tho

se

pres

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(c)

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Suc

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uity

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ticip

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ast t

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) In

th

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ase

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ank

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7

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Mod

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Presenc~ o

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on

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ank

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ay

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re it

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n th

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cally

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corp

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an

k o

r fo

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e pu

rpos

e o

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e fi

nanc

ial

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itutio

n sy

stem

sta

bilit

y t

he

Fin

ance

Min

iste

r w

ith t

he

re

com

men

datio

n o

f th

e B

ank

of

Tha

iland

sha

ll h

ave

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e p

ower

to

rel

ax t

he

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qu

ire

me

nt

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dire

ctor

ship

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er

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pres

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III

(ii)

abov

e

Suc

h re

laxa

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y be

gr

ante

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ith r

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an

d t

ime

clau

se

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inan

cial

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ing

serv

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s

Can

onl

y be

pro

vide

d by

lea

sing

co

mpa

nies

whi

ch a

re s

ub

ject

to

max

imum

for

eign

eq

uity

par

ticip

atio

n o

f 49

per

cent

of p

aid

-up

reg

iste

red

capi

tal

or

by f

inan

ce c

om

pa

nie

s w

hich

are

sub

ject

to

ma

xim

um

fo

reig

n eq

uity

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ticip

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n o

f 25

per

ce

nt o

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d-up

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tal

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inan

cial

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ing

serv

ices

Non

e

8

TH

AIL

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D

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HE

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LE

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IFIC

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MM

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RV

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ND

ER

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Mod

es o

f Sup

ply

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ss-b

orde

r su

pply

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Con

sum

ptio

n ab

road

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Com

mer

cial

pre

senc

e 4)

P

rese

nce

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atur

al p

erso

ns

Sec

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rSu

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r L

imit

atio

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nM

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ess

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itat

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ion

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t A

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itio

nal

Co

mm

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acto

ring

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ices

e)

Fac

torin

g se

rvic

es

Can

onl

y b

e pr

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ed b

y fa

ctor

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pani

es w

hich

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sub

ject

to

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imum

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equ

ity p

artic

ipat

ion

of 4

9 pe

r cen

t of

pai

d-up

reg

iste

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capi

tal

or

by fi

nanc

e co

mpa

nies

w

hich

are

sub

ject

to m

axim

um

fore

ign

equi

ty p

artic

ipat

ion

of 2

5 pe

r ce

nt o

f pai

d-up

reg

iste

red

capi

tal

Non

e

f)

Cre

dit

char

ge a

nd d

ebit

card

s f)

Cre

dit

char

ge a

nd d

ebit

card

s

Cre

dit

char

ge a

nd d

ebit

card

s ca

n on

ly b

e pr

ovid

ed b

y co

mpa

nies

w

hich

are

sub

ject

to

max

imum

fo

reig

n eq

uity

par

ticip

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n o

f 49

perc

ent

of p

aid-

up r

egis

tere

d ca

pita

l or

loca

lly in

corp

orat

ed b

an

ks a

nd

fore

ign

bank

bra

nche

s

Non

e

The

con

duct

of b

usin

esse

s un

der

d)

e) a

nd f)

will

be

subj

ect t

o lic

enS

ing

and

regu

latio

ns t

o b

e an

noun

ced

4)

For

ban

ks

repr

esen

tativ

e of

fices

and

fin

ance

com

pani

es

no q

uant

itativ

e lim

it ap

plie

s fo

r A

SE

AN

nat

iona

ls

App

rova

l sha

ll be

gra

nted

bas

ed o

n fo

reig

n se

rvic

es p

rovi

ders

bus

ines

s pl

ans

and

need

s

I 4)

Non

e

9

I

TH

AIL

AN

D

SC

HE

DU

LEO

FS

PE

CIF

ICC

OM

MIT

ME

NT

SF

OR

FIN

AN

CIA

LSE

RV

ICE

SU

NO

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

orde

r su

pply

2)

Con

sum

ptio

n ab

road

3)

Com

mer

cial

pre

senc

e 4)

P

rese

nce

of

natu

ral p

erso

ns

ii

Se

cto

rorS

ub

sect

or

Li m

itatio

nso

nM

ark

etA

cce

ss i

Lim

itatio

nso

nN

atio

na

lTre

atm

en

t A

dd

itio

na

lCo

mm

itm

en

ts

For

Sec

uriti

es C

ompa

nies

5

-se

curit

ies

brok

erag

e an

d de

alin

g -

deriv

ativ

es b

roke

rage

and

de

alin

g -

secu

ritie

s bo

rrow

ing

and

lend

ing

Tra

ding

for

ow

n ac

coun

t o

r fo

r ac

coun

t of c

usto

mer

s in

th

e fo

llow

ing

(C

) de

rivat

ive

prod

ucts

inc

l

but n

ot li

mite

d to

fu

ture

s an

d op

tions

(E

) tr

ansf

erab

le s

ecur

ities

1)

Unb

ound

2)

Non

e

3)

Unb

ound

exc

ept

I F

or r

epre

sent

ativ

e of

fices

no

ne

II F

or li

cens

ed s

ecur

ities

com

pany

fo

reig

n eq

uity

par

ticip

atio

n ca

n b

e

allo

wed

up

to 1

00 p

erce

nt o

fpai

d-up

ca

pita

l

4)

As

indi

cate

d in

the

hor

izon

tal s

ectio

n

1)

Non

e

2) N

one

3) N

one

4) A

s in

dica

ted

in t

he

hor

izon

tal s

ectio

n

For

Sec

uriti

es C

ompa

nies

tl

Sec

uriti

es U

nder

writ

ing

I 1)

Unb

ound

1)

N

one

Par

ticip

atio

n in

iss

ues

of a

ll ki

nds

of s

ecur

ities

in

clud

ing

I 2)

Non

e 2)

Non

e

unde

rwrit

ing

and

plac

emen

t as

age

nts

(whe

ther

pub

licly

or

priv

atel

y) a

nd p

rovi

sion

of

serv

ices

rel

ated

to

suc

h is

sues

I 3)

Unb

ound

exc

ept

I I

For

rep

rese

ntat

ive

offic

es

none

II F

or li

cens

ed s

ecur

ities

com

pany

fo

reig

n eq

uity

par

ticip

atio

n ca

n be

al

low

ed u

p to

100

per

cent

of p

aid-

up

capi

tal

3) N

one

41A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

4)

A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

6Sec

uriti

es c

ompa

nies

mea

n se

curit

ies

com

pani

es w

hich

are

not

com

mer

cial

ban

ks a

nd in

sura

nce

com

pani

es

10

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mo

de

s o

f Sllp

plL

1) G

ross-b()

rcj~

r su

pply

2)

Con

sulT

lptio

n ab

road

3)

Com

mer

cial

pre

senc

e 4)

P

rese

nce

of

natu

ral p

erso

ns

I S

ecto

rorS

ub

sect

or

Lim

itat

ion

son

Mar

ketA

cces

s L

imit

atio

nso

nN

atio

nal

Tre

atm

ent

Ad

dit

ion

alC

om

mit

men

ts

F

orA

sset

Ma

na

ge

me

nt

Com

pani

es

-m

utua

l fun

d m

an

ag

em

en

t -

priv

ate

fund

ma

na

ge

me

nt

I 1)

Un

bo

un

d

1)

Non

e

-de

riva

tives

fund

m

an

ag

em

en

t I 2

) N

on

e

2)

Non

e

-ve

ntur

e ca

pita

l man

agem

ent

Ass

et

ma

na

ge

me

nt

I 3)

Un

bo

un

d e

xcep

t

I F

or

repr

esen

tativ

e of

fices

n

on

e

II F

or

ass

et m

an

ag

em

en

t com

pani

es

fore

ign

equi

ty p

artic

ipat

ion

can

be

allo

we

d u

p to

100

per

cent

ofp

aid-

up

capi

tal

How

ever

du

ring

the

firs

t fiv

e

year

saft

er th

e lic

ense

has

bee

n gr

ante

d a

t le

ast 5

0 pe

rcen

t o

f th

e

paid

-up

capi

tal o

f th

ea

sse

t m

an

ag

em

en

t com

pany

mu

st b

e h

eld

by

finan

cial

inst

itutio

nses

tabl

ishe

d u

nd

er

Tha

i la

w7

3)

Non

e

For

Sec

uriti

es C

ompa

nies

tl

4A

s in

dic

ate

d in

the

hor

izon

tal s

ectio

n

4) A

s in

dica

ted

in t

he

hor

izon

tal s

ectio

n

Adv

isor

y I

nter

med

iatio

n an

d O

the

r Aux

iliar

y F

inan

cial

I 1

) U

nb

ou

nd

1)

N

one

Ser

vice

s

Inve

stm

en

t Adv

iSO

ry

I 2

No

ne

2)

N

one

7Fin

anci

al in

stitu

tions

esta

blis

hed

unde

r Tha

i law

s in

this

sec

tion

mea

n se

curit

ies

com

pani

es

com

mer

cial

ban

ks

life

insu

ranc

e co

mpa

nies

an

d sp

ecia

lized

fina

ncia

l in

stitu

tions

est

ablis

hed

unde

r spe

cific

law

s

11

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

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SE

RV

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SU

ND

ER

AF

AS

Mod

es o

f Sup

pl

Sec

toro

rSu

bse

cto

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1lGr

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bltl

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ply

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mpt

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ad

lim

itat

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Mar

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Pre

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itat

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men

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dd

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Co

mm

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ts

3)

Unb

ound

exc

ept

I F

or r

epre

sent

ativ

e of

fices

no

ne

3)

Non

e

II F

or s

ecur

ities

com

pani

es

a)

fore

ign

equi

ty p

artic

ipat

ion

can

be a

llow

ed u

p to

100

per

cent

o

f pai

d-up

cap

ital

b)

Lice

nse

may

be

gra

nted

to

finan

cial

inst

itutio

ns li

cens

ed

unde

r T

hai L

aws

and

a li

mite

d co

mpa

ny w

hich

is n

ewly

es

tabl

ishe

d

4)A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

4)

A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

Oth

er a

uxili

ary

finan

cial

se

rvic

es

Cre

dit c

ard

serv

ices

(C

PC

811

33)

(Mob

ilizi

ng f

unds

from

the

pu

blic

is p

rohi

bite

d u

nles

s lic

ense

d un

der

a fin

anci

al

law

)

1) N

one

2) N

one

3) a

) A

s in

dica

ted

in B

3)(

h)

abov

e

b)

Fin

anci

al in

stitu

tions

mus

t obt

ain

prio

r ap

prov

al f

rom

the

Ban

k of

T

haila

nd

1) N

one

2) N

one

3) N

o lim

itatio

n as

long

as

fore

ign

equi

ty

part

icip

atio

n do

es n

ot e

xcee

d 49

per

ce

nt

4) A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

4) N

one

12

--

TH

AIL

AN

D

S

CH

ED

ULE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IALS

ER

VIC

ES

UN

DE

RA

FA

S

-_ -

-__

__

--

-__

__ -_

--

--

_

_

_

_ _

_---

__

-_

_

-_

_

-__

_-

_

-_

--

_

_-_

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--_

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Se

cto

rorS

ub

sect

or

Lim

ita

tio

nso

nM

ark

etA

cce

ss

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ita

tio

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nN

ati

on

alT

rea

tme

nt

Ad

dit

lon

alC

om

mlt

me

n

ts

Fin

anci

al c

onsu

ltanc

y se

rvic

es

(CP

C 8

1332

)

1) U

nbou

nd

2) N

one

3) N

one

othe

r th

an t

hat

indi

cate

d in

the

ho

rizon

tal s

ectio

n

4)

As

indi

cate

d in

the

hor

izon

tal s

ectio

n

1) N

one

2) N

one

3) N

o lim

itatio

n as

long

as

fore

ign

equi

ty

part

icip

atio

n do

es n

ot e

xcee

d 4

9 p

er

cent

4)

Non

e

-shy

bull 13

TH

AIL

AN

D

SC

HE

DU

LEO

FS

PE

CIF

ICC

OM

MIT

ME

NT

SF

OR

FIN

AN

CIA

LSE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

1

Cro

ss-b

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r su

pply

2

) C

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mpt

ion

abro

ad

3) C

omm

erci

al p

rese

nce

4)

Pre

senc

e o

f nat

ural

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sons

Se

cto

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sect

or

Lim

ita

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nM

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Lim

itatio

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atio

na

lTre

atm

en

t I A

dd

itio

na

lCo

mm

itme

n

ts

Ser

vice

s au

xilia

ry to

in

sura

nce

(exc

ludi

ng p

ensi

on

fund

ing

serv

ices

)

Insu

ranc

e br

okin

g an

d ag

ency

ser

vice

s (C

PC

814

01)(

Bro

kers

sha

ll n

ot i

nduc

e a

dvis

e o

r do

any

a

cts

so a

s to

cau

se a

ny

pers

on t

o en

ter

into

insu

ranc

e co

ntra

cts

with

ins

urer

s ab

road

ex

cept

for

rein

sura

nce

cont

ract

s)

Insu

ranc

e co

nsul

tanc

y se

rvic

es

(CP

C 8

1402

)

b)

New

est

ablis

hmen

t is

sub

ject

to

licen

se a

ppro

ved

by

the

Min

iste

r w

ith

the

cons

ent o

f the

Cab

inet

4) O

nly

seni

or m

anag

eria

l per

sonn

el

spec

ialis

ts a

nd t

echn

ical

ass

ista

nts

with

th

e ap

prov

al o

f the

Ins

uran

ce

Com

mis

sion

er

1) U

nbou

nd

2) U

nbou

nd

3)

For

eign

equ

ity p

artic

ipat

ion

not

to

exce

ed 4

9 pe

r ce

nt

4) a

) O

nly

seni

or m

anag

eria

l per

sonn

el

spec

ialis

ts a

nd t

echn

ical

ass

ista

nts

with

the

app

rova

l of t

he I

nsur

ance

C

omm

issi

oner

b)

U

nbou

nd f

or in

divi

dual

bro

ker

and

agen

t

1) N

one

2) N

one

3) N

one

oth

er t

han

that

indi

cate

d in

the

ho

rizo

jltal

sec

tion

4 O

nly

seni

or m

anag

eria

l per

sonn

el

spec

ialis

ts a

nd t

echn

ical

ass

ista

nts

with

th

e ap

prov

al o

f the

Ins

uran

ce

I 4)

Non

e

1) U

nbou

nd

2) U

nbou

nd

3) N

o lim

itatio

n a

s lo

ng a

s fo

reig

n eq

uity

pa

rtic

ipat

ion

does

not

exc

eed

49

pe

r ce

nt

4) N

one

1) N

one

2) N

one

3) N

o lim

itatio

n as

long

as

fore

ign

equi

ty

part

icip

atio

n d

oe

s no

t exc

eed

49 p

er

cent

4) N

one

3

TH

AIL

AN

D

SC

HE

DU

LE

OF

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EC

IFIC

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MM

ITM

EN

TS

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RF

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RV

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ND

ER

AF

AS

Mod

es o

f Sup

ply

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ss-b

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r su

pply

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Con

sum

ptio

n ab

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I

Se

cto

rorS

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sect

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nM

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rvic

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PC

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Non

e

Ave

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adj

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ent

I 1)

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e

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e

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er t

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cate

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tion

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ng a

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n eq

uity

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ectio

n

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atio

n d

oe

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texc

eed

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pe

r ce

nt

4)N

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onne

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cial

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tec

hnic

al

assi

stan

ts w

ith t

he a

ppro

val o

f the

In

sura

nce

Com

mis

sion

er

4) O

nly

seni

or m

anag

eria

l

~shy

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one

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one

(C

PC

814

04)

2)

Non

e

Act

uaria

l ser

vice

s

2) N

one

3) N

one

oth

er

than

tha

t in

dica

ted

in

3) N

o lim

itatio

n a

s lo

ng a

s fo

reig

n eq

uity

th

ehor

izon

tal s

ectio

n

part

icip

atio

n d

oe

s no

t exc

eed

49

per

ce

nt

4)N

one

pers

onne

lspe

cial

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and

tec

hnic

al

assi

stan

ts w

ith t

he a

ppro

val o

f the

In

sura

nce

Com

mis

sion

er

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nly

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anag

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l

4

TH

AIL

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D

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HE

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IFIC

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Mod

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ss-b

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Con

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ptio

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3)

Com

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e 4)

P

rese

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l pe

rson

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Ban

kin

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anci

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Lend

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Tra

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er

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) R

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ficeo

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ks N

one

I3)

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fice

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nks

Non

e b)

For

eign

ban

k br

anch

es

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one

for

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ting

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ign

bank

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anch

es u

nder

pre

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areh

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ng s

truc

ture

N

ew

es

tabl

ishm

ent

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ubje

ct to

lic

ence

app

rove

d by

the

Min

iste

r o

f Fin

ance

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the

co

nsen

t of t

he C

abin

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AT

M o

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tions

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mitt

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de

r th

e fo

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TM

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anks

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r ii)

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ratio

n w

ithin

ow

n pr

emis

es

or

shar

ing

the

faci

litie

s w

ith

oth

er

com

mer

cial

ban

ks in

T

haila

nd

b) F

orei

gn b

ank

bran

ches

Non

e e

xcep

t as

indi

cate

d in

the

m

arke

t acc

ess

colu

mn

1 Th

e co

mm

itmen

ts fo

r S

ecur

ities

Com

pani

es u

nder

this

sub

sect

or a

re s

epar

atel

y lis

ted

belo

w

5

TH

AIL

AN

D

SC

HE

DU

LEO

FS

PE

CIF

ICC

OM

MIT

ME

NT

SF

OR

FIN

AN

CIA

LSE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

orde

r su

pply

2)

Co

nsu

mp

tion

ab

roa

d

3) C

omm

erci

al p

rese

nce

4

) P

rese

nce

of

natu

ral p

ers

on

s

Se

cto

rorS

ub

sect

or

Lim

itatio

nso

nM

ark

etA

cce

ss

Lim

itatio

nso

nN

atio

na

lTre

atm

en

t A

dd

itio

na

lCo

mm

itm

en

ts

(E)T

rans

fera

ble

secu

ritie

s

Par

ticip

atio

n in

iss

ues

of a

ll ki

nds

of s

ecur

ities

in

clud

ing

unde

r-w

ritin

g an

d p

lace

me

nt

as a

gent

(w

heth

er p

ublic

ly o

r pr

ivat

ely)

and

pro

visi

on o

f se

rvic

es r

elat

ed t

o s

uch

is

sues

2

III

Exi

stin

g fo

reig

n b

an

ks w

hich

al

read

y h

ad

th

e fi

rst

bran

ch o

ffic

e in

Th

aila

nd

pri

or

to J

uly

1995

will

ea

ch b

e p

erm

itte

d t

o o

pen

no

m

ore

than

tw

o a

dditi

onal

br

anch

es

IV N

on

e fo

r pa

rtic

ipat

ion

in c

hequ

e cl

eari

ng a

nd

se

ttle

me

nt s

yste

m

Ass

et m

an

ag

em

en

ea

s fo

llow

s

-ca

sh o

r po

rtfo

lio

man

agem

ent

-co

llect

ive

inve

stm

ent

man

agem

ent

-cu

stod

ian

and

depo

sito

ry s

erv

ice

s

Adv

isor

y i

nter

med

iatio

n a

nd

o

the

r au

xilia

ry f

inan

cial

se

rvic

es4

Pro

visi

on a

nd t

ran

sfe

r o

f fin

anci

al in

form

atio

n a

nd

fin

anci

al d

ata

pro

cess

ing

an

d

rela

ted

softw

are

c)

Loca

lly in

corp

ora

ted

ba

nks

I M

ark

et

acc

ess

lim

ited

to t

he

ac

quis

ition

of s

ha

res

of e

xist

ing

bank

s

II (

i) T

he

am

ou

nt o

f sha

res

held

by

pers

ons

of T

ha

i na

tiona

lity

shal

l n

ot b

e le

ss th

an

75

pe

rce

nt o

f th

e to

tal a

mo

un

t of v

otin

g sh

ares

sol

d C

om

bin

ed

sh

areh

oldi

ng o

f an

ind

ivid

ual

and

his

he

r re

late

d pe

rson

s sh

all

no

t e

xce

ed

10

pe

rce

nt o

f to

tal

nu

mb

er

of s

ha

res

sold

5

un

less

oth

erw

ise

per

mitt

ed b

y th

e B

an

k o

f Tha

iland

c)

Loca

lly in

corp

orat

ed b

an

ks

Non

e e

xce

pt a

s in

dica

ted

in t

he

m

ark

et a

cces

s co

lum

n

2 Th

e co

mm

itmen

ts fo

r S

ecur

ities

Com

pani

es u

nder

this

sub

sect

or a

re s

epar

atel

y lis

ted

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w

3 Th

e co

mm

itmen

ts fo

r Ass

et M

anag

emen

t Com

pani

es u

nder

this

sub

sect

or a

re s

epar

atel

y lis

ted

belo

w

4 Th

e co

mm

itmen

ts o

n In

vest

men

t Adv

isor

y fo

r S

ecur

ities

Com

pani

es u

nder

this

sub

sect

or a

re s

epar

atel

y lis

ted

belo

w

sro

tal n

umbe

r o

f sh

are

s so

ld i

nclu

de v

otin

g a

nd

no

n-v

otin

g s

ha

res

6

TH

AIL

AN

D

SC

HE

DU

LEO

FS

PE

CIF

ICC

OM

MIT

ME

NT

SF

OR

FIN

AN

CIA

LSE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

orde

r su

pply

2)

Con

sum

ptio

n ab

road

3)

Com

ll1er

cial

pre

senc

e 4)

P

rese

nce

of n

atur

al p~rsons

Se

cto

rorS

ub

sect

or

Lim

ita

tio

nso

nM

ark

etA

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ss

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ita

tio

nso

nN

ati

on

alT

rea

tme

nt

Ad

dit

ion

alC

om

mit

me

n

ts

(ii)ln

the

ca

se w

here

the

Ban

k o

f T

haila

nd d

eem

s ap

prop

riate

th

e B

ank

of T

haila

nd m

ay g

rant

pe

rmis

sion

tha

t per

sons

of n

onshy

Tha

i na

tiona

lity

hold

sha

res

up

to 4

9 p

erce

nt o

f the

tot

al

amou

nt o

f vot

ing

shar

es s

old

(iii)

In t

he c

ase

whe

re it

is

nece

ssar

y to

rec

tify

the

oper

atio

n o

r to

str

engt

hen

the

stab

ility

of

any

loca

lly

inco

rpor

ated

ban

k o

r fo

r th

e pu

rpos

e o

f the

fina

ncia

l in

stitu

tions

sys

tem

sta

bilit

y t

he

Fin

ance

Min

iste

r with

the

re

com

men

datio

n o

f the

Ban

k o

f T

haila

nd s

hall

have

the

pow

er

to r

elax

the

req

uire

men

t o

f the

sh

areh

oldi

ng o

ther

than

tho

se

pres

crib

ed in

(c)

(

ii)

Suc

h eq

uity

par

ticip

atio

n w

ill b

e au

thor

ized

for

a p

erio

d o

f up

to

10 y

ears

w

ith fo

reig

n sh

areh

olde

rs w

ho e

nter

in t

his

perio

d be

ing

gran

dfat

here

d th

erea

fter

with

res

pect

to th

e ab

solu

te a

mou

nt o

f the

ir eq

uity

ho

ldin

g

III

(i) A

t le

ast t

hree

-fou

rths

of t

he

dire

ctor

s m

ust b

e o

f Tha

i na

tiona

lity

(ii

) In

th

e c

ase

whe

re t

he B

ank

of

7

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

ord

er

supp

ly

2) C

onsu

mpt

ion

abro

ad

3) C

omm

erci

al p

rese

nce

4)

Presenc~ o

f nat

ural

-pe=

-r-s

on

s---_

_--

Sec

toro

rSu

bse

cto

r L

imit

atio

nso

nM

arke

tAcc

ess

Lim

itat

ion

son

Nat

ion

alT

reat

men

t A

dd

itio

nal

Co

mm

itm

en

ts

Tha

iland

de

em

s ap

prop

riat

e

Th

e B

ank

of T

haila

nd m

ay

perm

it a

prop

ortio

n o

f non

-Tha

i na

tiona

lity

dir

ect

ors

of m

ore

than

one

-qua

rter

s b

ut s

hall

not

reac

h on

e h

alf

of t

he

tot

al

nu

mb

er

of d

irec

tors

(ii

i) In

the

cas

e w

he

re it

is

nece

ssar

y to

rec

tify

the

op

erat

ion

or

to s

tren

gthe

n th

e st

abili

ty o

f an

y lo

cally

in

corp

orat

ed b

an

k o

r fo

r th

e pu

rpos

e o

f th

e fi

nanc

ial

inst

itutio

n sy

stem

sta

bilit

y t

he

Fin

ance

Min

iste

r w

ith t

he

re

com

men

datio

n o

f th

e B

ank

of

Tha

iland

sha

ll h

ave

th

e p

ower

to

rel

ax t

he

re

qu

ire

me

nt

of t

he

dire

ctor

ship

oth

er

than

tho

se

pres

crib

ed in

(c)

III

(ii)

abov

e

Suc

h re

laxa

tion

ma

y be

gr

ante

d w

ith r

ule

an

d t

ime

clau

se

d) F

inan

cial

leas

ing

serv

ice

s

Can

onl

y be

pro

vide

d by

lea

sing

co

mpa

nies

whi

ch a

re s

ub

ject

to

max

imum

for

eign

eq

uity

par

ticip

atio

n o

f 49

per

cent

of p

aid

-up

reg

iste

red

capi

tal

or

by f

inan

ce c

om

pa

nie

s w

hich

are

sub

ject

to

ma

xim

um

fo

reig

n eq

uity

par

ticip

atio

n o

f 25

per

ce

nt o

f pai

d-up

reg

iste

red

capi

tal

d) F

inan

cial

leas

ing

serv

ices

Non

e

8

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

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Cro

ss-b

orde

r su

pply

2)

Con

sum

ptio

n ab

road

3)

Com

mer

cial

pre

senc

e 4)

P

rese

nce

of n

atur

al p

erso

ns

Sec

toro

rSu

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cto

r L

imit

atio

nso

nM

arke

tAcc

ess

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itat

ion

son

Nat

ion

alT

reat

men

t A

dd

itio

nal

Co

mm

itm

en

ts

e) F

acto

ring

serv

ices

e)

Fac

torin

g se

rvic

es

Can

onl

y b

e pr

ovid

ed b

y fa

ctor

ing

com

pani

es w

hich

are

sub

ject

to

max

imum

for

eign

equ

ity p

artic

ipat

ion

of 4

9 pe

r cen

t of

pai

d-up

reg

iste

red

capi

tal

or

by fi

nanc

e co

mpa

nies

w

hich

are

sub

ject

to m

axim

um

fore

ign

equi

ty p

artic

ipat

ion

of 2

5 pe

r ce

nt o

f pai

d-up

reg

iste

red

capi

tal

Non

e

f)

Cre

dit

char

ge a

nd d

ebit

card

s f)

Cre

dit

char

ge a

nd d

ebit

card

s

Cre

dit

char

ge a

nd d

ebit

card

s ca

n on

ly b

e pr

ovid

ed b

y co

mpa

nies

w

hich

are

sub

ject

to

max

imum

fo

reig

n eq

uity

par

ticip

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n o

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perc

ent

of p

aid-

up r

egis

tere

d ca

pita

l or

loca

lly in

corp

orat

ed b

an

ks a

nd

fore

ign

bank

bra

nche

s

Non

e

The

con

duct

of b

usin

esse

s un

der

d)

e) a

nd f)

will

be

subj

ect t

o lic

enS

ing

and

regu

latio

ns t

o b

e an

noun

ced

4)

For

ban

ks

repr

esen

tativ

e of

fices

and

fin

ance

com

pani

es

no q

uant

itativ

e lim

it ap

plie

s fo

r A

SE

AN

nat

iona

ls

App

rova

l sha

ll be

gra

nted

bas

ed o

n fo

reig

n se

rvic

es p

rovi

ders

bus

ines

s pl

ans

and

need

s

I 4)

Non

e

9

I

TH

AIL

AN

D

SC

HE

DU

LEO

FS

PE

CIF

ICC

OM

MIT

ME

NT

SF

OR

FIN

AN

CIA

LSE

RV

ICE

SU

NO

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

orde

r su

pply

2)

Con

sum

ptio

n ab

road

3)

Com

mer

cial

pre

senc

e 4)

P

rese

nce

of

natu

ral p

erso

ns

ii

Se

cto

rorS

ub

sect

or

Li m

itatio

nso

nM

ark

etA

cce

ss i

Lim

itatio

nso

nN

atio

na

lTre

atm

en

t A

dd

itio

na

lCo

mm

itm

en

ts

For

Sec

uriti

es C

ompa

nies

5

-se

curit

ies

brok

erag

e an

d de

alin

g -

deriv

ativ

es b

roke

rage

and

de

alin

g -

secu

ritie

s bo

rrow

ing

and

lend

ing

Tra

ding

for

ow

n ac

coun

t o

r fo

r ac

coun

t of c

usto

mer

s in

th

e fo

llow

ing

(C

) de

rivat

ive

prod

ucts

inc

l

but n

ot li

mite

d to

fu

ture

s an

d op

tions

(E

) tr

ansf

erab

le s

ecur

ities

1)

Unb

ound

2)

Non

e

3)

Unb

ound

exc

ept

I F

or r

epre

sent

ativ

e of

fices

no

ne

II F

or li

cens

ed s

ecur

ities

com

pany

fo

reig

n eq

uity

par

ticip

atio

n ca

n b

e

allo

wed

up

to 1

00 p

erce

nt o

fpai

d-up

ca

pita

l

4)

As

indi

cate

d in

the

hor

izon

tal s

ectio

n

1)

Non

e

2) N

one

3) N

one

4) A

s in

dica

ted

in t

he

hor

izon

tal s

ectio

n

For

Sec

uriti

es C

ompa

nies

tl

Sec

uriti

es U

nder

writ

ing

I 1)

Unb

ound

1)

N

one

Par

ticip

atio

n in

iss

ues

of a

ll ki

nds

of s

ecur

ities

in

clud

ing

I 2)

Non

e 2)

Non

e

unde

rwrit

ing

and

plac

emen

t as

age

nts

(whe

ther

pub

licly

or

priv

atel

y) a

nd p

rovi

sion

of

serv

ices

rel

ated

to

suc

h is

sues

I 3)

Unb

ound

exc

ept

I I

For

rep

rese

ntat

ive

offic

es

none

II F

or li

cens

ed s

ecur

ities

com

pany

fo

reig

n eq

uity

par

ticip

atio

n ca

n be

al

low

ed u

p to

100

per

cent

of p

aid-

up

capi

tal

3) N

one

41A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

4)

A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

6Sec

uriti

es c

ompa

nies

mea

n se

curit

ies

com

pani

es w

hich

are

not

com

mer

cial

ban

ks a

nd in

sura

nce

com

pani

es

10

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mo

de

s o

f Sllp

plL

1) G

ross-b()

rcj~

r su

pply

2)

Con

sulT

lptio

n ab

road

3)

Com

mer

cial

pre

senc

e 4)

P

rese

nce

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natu

ral p

erso

ns

I S

ecto

rorS

ub

sect

or

Lim

itat

ion

son

Mar

ketA

cces

s L

imit

atio

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nN

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ent

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dit

ion

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mit

men

ts

F

orA

sset

Ma

na

ge

me

nt

Com

pani

es

-m

utua

l fun

d m

an

ag

em

en

t -

priv

ate

fund

ma

na

ge

me

nt

I 1)

Un

bo

un

d

1)

Non

e

-de

riva

tives

fund

m

an

ag

em

en

t I 2

) N

on

e

2)

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e

-ve

ntur

e ca

pita

l man

agem

ent

Ass

et

ma

na

ge

me

nt

I 3)

Un

bo

un

d e

xcep

t

I F

or

repr

esen

tativ

e of

fices

n

on

e

II F

or

ass

et m

an

ag

em

en

t com

pani

es

fore

ign

equi

ty p

artic

ipat

ion

can

be

allo

we

d u

p to

100

per

cent

ofp

aid-

up

capi

tal

How

ever

du

ring

the

firs

t fiv

e

year

saft

er th

e lic

ense

has

bee

n gr

ante

d a

t le

ast 5

0 pe

rcen

t o

f th

e

paid

-up

capi

tal o

f th

ea

sse

t m

an

ag

em

en

t com

pany

mu

st b

e h

eld

by

finan

cial

inst

itutio

nses

tabl

ishe

d u

nd

er

Tha

i la

w7

3)

Non

e

For

Sec

uriti

es C

ompa

nies

tl

4A

s in

dic

ate

d in

the

hor

izon

tal s

ectio

n

4) A

s in

dica

ted

in t

he

hor

izon

tal s

ectio

n

Adv

isor

y I

nter

med

iatio

n an

d O

the

r Aux

iliar

y F

inan

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ne

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anci

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11

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Fin

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)

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9 p

er

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Non

e

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bull 13

TH

AIL

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D

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HE

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MM

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ND

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Mod

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Ave

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loss

adj

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sura

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mis

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nly

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lic

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app

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ance

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co

nsen

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de

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ank

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AIL

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Exi

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an

ks w

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read

y h

ad

th

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rst

bran

ch o

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aila

nd

pri

or

to J

uly

1995

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no

m

ore

than

tw

o a

dditi

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br

anch

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on

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rtic

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nt s

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m

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med

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o

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r au

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inan

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Pro

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ran

sfe

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f fin

anci

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form

atio

n a

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fin

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ata

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d

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acc

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lim

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to t

he

ac

quis

ition

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xist

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bank

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i) T

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TH

AIL

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Mod

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ank

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fina

ncia

l in

stitu

tions

sys

tem

sta

bilit

y t

he

Fin

ance

Min

iste

r with

the

re

com

men

datio

n o

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Ban

k o

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uity

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Mod

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com

men

datio

n o

f th

e B

ank

of

Tha

iland

sha

ll h

ave

th

e p

ower

to

rel

ax t

he

re

qu

ire

me

nt

of t

he

dire

ctor

ship

oth

er

than

tho

se

pres

crib

ed in

(c)

III

(ii)

abov

e

Suc

h re

laxa

tion

ma

y be

gr

ante

d w

ith r

ule

an

d t

ime

clau

se

d) F

inan

cial

leas

ing

serv

ice

s

Can

onl

y be

pro

vide

d by

lea

sing

co

mpa

nies

whi

ch a

re s

ub

ject

to

max

imum

for

eign

eq

uity

par

ticip

atio

n o

f 49

per

cent

of p

aid

-up

reg

iste

red

capi

tal

or

by f

inan

ce c

om

pa

nie

s w

hich

are

sub

ject

to

ma

xim

um

fo

reig

n eq

uity

par

ticip

atio

n o

f 25

per

ce

nt o

f pai

d-up

reg

iste

red

capi

tal

d) F

inan

cial

leas

ing

serv

ices

Non

e

8

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

orde

r su

pply

2)

Con

sum

ptio

n ab

road

3)

Com

mer

cial

pre

senc

e 4)

P

rese

nce

of n

atur

al p

erso

ns

Sec

toro

rSu

bse

cto

r L

imit

atio

nso

nM

arke

tAcc

ess

Lim

itat

ion

son

Nat

ion

alT

reat

men

t A

dd

itio

nal

Co

mm

itm

en

ts

e) F

acto

ring

serv

ices

e)

Fac

torin

g se

rvic

es

Can

onl

y b

e pr

ovid

ed b

y fa

ctor

ing

com

pani

es w

hich

are

sub

ject

to

max

imum

for

eign

equ

ity p

artic

ipat

ion

of 4

9 pe

r cen

t of

pai

d-up

reg

iste

red

capi

tal

or

by fi

nanc

e co

mpa

nies

w

hich

are

sub

ject

to m

axim

um

fore

ign

equi

ty p

artic

ipat

ion

of 2

5 pe

r ce

nt o

f pai

d-up

reg

iste

red

capi

tal

Non

e

f)

Cre

dit

char

ge a

nd d

ebit

card

s f)

Cre

dit

char

ge a

nd d

ebit

card

s

Cre

dit

char

ge a

nd d

ebit

card

s ca

n on

ly b

e pr

ovid

ed b

y co

mpa

nies

w

hich

are

sub

ject

to

max

imum

fo

reig

n eq

uity

par

ticip

atio

n o

f 49

perc

ent

of p

aid-

up r

egis

tere

d ca

pita

l or

loca

lly in

corp

orat

ed b

an

ks a

nd

fore

ign

bank

bra

nche

s

Non

e

The

con

duct

of b

usin

esse

s un

der

d)

e) a

nd f)

will

be

subj

ect t

o lic

enS

ing

and

regu

latio

ns t

o b

e an

noun

ced

4)

For

ban

ks

repr

esen

tativ

e of

fices

and

fin

ance

com

pani

es

no q

uant

itativ

e lim

it ap

plie

s fo

r A

SE

AN

nat

iona

ls

App

rova

l sha

ll be

gra

nted

bas

ed o

n fo

reig

n se

rvic

es p

rovi

ders

bus

ines

s pl

ans

and

need

s

I 4)

Non

e

9

I

TH

AIL

AN

D

SC

HE

DU

LEO

FS

PE

CIF

ICC

OM

MIT

ME

NT

SF

OR

FIN

AN

CIA

LSE

RV

ICE

SU

NO

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

orde

r su

pply

2)

Con

sum

ptio

n ab

road

3)

Com

mer

cial

pre

senc

e 4)

P

rese

nce

of

natu

ral p

erso

ns

ii

Se

cto

rorS

ub

sect

or

Li m

itatio

nso

nM

ark

etA

cce

ss i

Lim

itatio

nso

nN

atio

na

lTre

atm

en

t A

dd

itio

na

lCo

mm

itm

en

ts

For

Sec

uriti

es C

ompa

nies

5

-se

curit

ies

brok

erag

e an

d de

alin

g -

deriv

ativ

es b

roke

rage

and

de

alin

g -

secu

ritie

s bo

rrow

ing

and

lend

ing

Tra

ding

for

ow

n ac

coun

t o

r fo

r ac

coun

t of c

usto

mer

s in

th

e fo

llow

ing

(C

) de

rivat

ive

prod

ucts

inc

l

but n

ot li

mite

d to

fu

ture

s an

d op

tions

(E

) tr

ansf

erab

le s

ecur

ities

1)

Unb

ound

2)

Non

e

3)

Unb

ound

exc

ept

I F

or r

epre

sent

ativ

e of

fices

no

ne

II F

or li

cens

ed s

ecur

ities

com

pany

fo

reig

n eq

uity

par

ticip

atio

n ca

n b

e

allo

wed

up

to 1

00 p

erce

nt o

fpai

d-up

ca

pita

l

4)

As

indi

cate

d in

the

hor

izon

tal s

ectio

n

1)

Non

e

2) N

one

3) N

one

4) A

s in

dica

ted

in t

he

hor

izon

tal s

ectio

n

For

Sec

uriti

es C

ompa

nies

tl

Sec

uriti

es U

nder

writ

ing

I 1)

Unb

ound

1)

N

one

Par

ticip

atio

n in

iss

ues

of a

ll ki

nds

of s

ecur

ities

in

clud

ing

I 2)

Non

e 2)

Non

e

unde

rwrit

ing

and

plac

emen

t as

age

nts

(whe

ther

pub

licly

or

priv

atel

y) a

nd p

rovi

sion

of

serv

ices

rel

ated

to

suc

h is

sues

I 3)

Unb

ound

exc

ept

I I

For

rep

rese

ntat

ive

offic

es

none

II F

or li

cens

ed s

ecur

ities

com

pany

fo

reig

n eq

uity

par

ticip

atio

n ca

n be

al

low

ed u

p to

100

per

cent

of p

aid-

up

capi

tal

3) N

one

41A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

4)

A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

6Sec

uriti

es c

ompa

nies

mea

n se

curit

ies

com

pani

es w

hich

are

not

com

mer

cial

ban

ks a

nd in

sura

nce

com

pani

es

10

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mo

de

s o

f Sllp

plL

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ross-b()

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r su

pply

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lptio

n ab

road

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Com

mer

cial

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senc

e 4)

P

rese

nce

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natu

ral p

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I S

ecto

rorS

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sect

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itat

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cces

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imit

atio

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atm

ent

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dit

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om

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men

ts

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orA

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na

ge

me

nt

Com

pani

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utua

l fun

d m

an

ag

em

en

t -

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ate

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ma

na

ge

me

nt

I 1)

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bo

un

d

1)

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e

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riva

tives

fund

m

an

ag

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en

t I 2

) N

on

e

2)

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e

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ntur

e ca

pita

l man

agem

ent

Ass

et

ma

na

ge

me

nt

I 3)

Un

bo

un

d e

xcep

t

I F

or

repr

esen

tativ

e of

fices

n

on

e

II F

or

ass

et m

an

ag

em

en

t com

pani

es

fore

ign

equi

ty p

artic

ipat

ion

can

be

allo

we

d u

p to

100

per

cent

ofp

aid-

up

capi

tal

How

ever

du

ring

the

firs

t fiv

e

year

saft

er th

e lic

ense

has

bee

n gr

ante

d a

t le

ast 5

0 pe

rcen

t o

f th

e

paid

-up

capi

tal o

f th

ea

sse

t m

an

ag

em

en

t com

pany

mu

st b

e h

eld

by

finan

cial

inst

itutio

nses

tabl

ishe

d u

nd

er

Tha

i la

w7

3)

Non

e

For

Sec

uriti

es C

ompa

nies

tl

4A

s in

dic

ate

d in

the

hor

izon

tal s

ectio

n

4) A

s in

dica

ted

in t

he

hor

izon

tal s

ectio

n

Adv

isor

y I

nter

med

iatio

n an

d O

the

r Aux

iliar

y F

inan

cial

I 1

) U

nb

ou

nd

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N

one

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vice

s

Inve

stm

en

t Adv

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ry

I 2

No

ne

2)

N

one

7Fin

anci

al in

stitu

tions

esta

blis

hed

unde

r Tha

i law

s in

this

sec

tion

mea

n se

curit

ies

com

pani

es

com

mer

cial

ban

ks

life

insu

ranc

e co

mpa

nies

an

d sp

ecia

lized

fina

ncia

l in

stitu

tions

est

ablis

hed

unde

r spe

cific

law

s

11

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

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TS

FO

RF

INA

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IAL

SE

RV

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ND

ER

AF

AS

Mod

es o

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Sec

toro

rSu

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oss-

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ply

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mpt

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ad

lim

itat

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ketA

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omm

erci

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nce

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Pre

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f nat

ural

per

sons

lim

itat

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ion

alT

reat

men

t A

dd

itio

nal

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mm

itm

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ts

3)

Unb

ound

exc

ept

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or r

epre

sent

ativ

e of

fices

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ne

3)

Non

e

II F

or s

ecur

ities

com

pani

es

a)

fore

ign

equi

ty p

artic

ipat

ion

can

be a

llow

ed u

p to

100

per

cent

o

f pai

d-up

cap

ital

b)

Lice

nse

may

be

gra

nted

to

finan

cial

inst

itutio

ns li

cens

ed

unde

r T

hai L

aws

and

a li

mite

d co

mpa

ny w

hich

is n

ewly

es

tabl

ishe

d

4)A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

4)

A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

Oth

er a

uxili

ary

finan

cial

se

rvic

es

Cre

dit c

ard

serv

ices

(C

PC

811

33)

(Mob

ilizi

ng f

unds

from

the

pu

blic

is p

rohi

bite

d u

nles

s lic

ense

d un

der

a fin

anci

al

law

)

1) N

one

2) N

one

3) a

) A

s in

dica

ted

in B

3)(

h)

abov

e

b)

Fin

anci

al in

stitu

tions

mus

t obt

ain

prio

r ap

prov

al f

rom

the

Ban

k of

T

haila

nd

1) N

one

2) N

one

3) N

o lim

itatio

n as

long

as

fore

ign

equi

ty

part

icip

atio

n do

es n

ot e

xcee

d 49

per

ce

nt

4) A

s in

dica

ted

in t

he h

oriz

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l sec

tion

4) N

one

12

--

TH

AIL

AN

D

S

CH

ED

ULE

OF

SP

EC

IFIC

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MM

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RF

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IALS

ER

VIC

ES

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DE

RA

FA

S

-_ -

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--

--

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_

_

_ _

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_

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_

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Se

cto

rorS

ub

sect

or

Lim

ita

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cce

ss

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ita

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ati

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rea

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nt

Ad

dit

lon

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om

mlt

me

n

ts

Fin

anci

al c

onsu

ltanc

y se

rvic

es

(CP

C 8

1332

)

1) U

nbou

nd

2) N

one

3) N

one

othe

r th

an t

hat

indi

cate

d in

the

ho

rizon

tal s

ectio

n

4)

As

indi

cate

d in

the

hor

izon

tal s

ectio

n

1) N

one

2) N

one

3) N

o lim

itatio

n as

long

as

fore

ign

equi

ty

part

icip

atio

n do

es n

ot e

xcee

d 4

9 p

er

cent

4)

Non

e

-shy

bull 13

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Su

I

Cro

ss-b

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r su

pply

~

Con

sum

ptio

n ab

road

3)

Com

mer

cial

pre

senc

e 4)

P

rese

nce

of n~

tura

l pe

rson

s

B

Ban

kin

g a

nd

Oth

er

Fin

anci

al S

erv

ice

s

Lim

ltat

ion

son

Mar

ketA

cces

s L

imit

atio

nso

nN

atio

nal

Tre

atm

ent

I

Ad

dit

ion

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om

mit

men

ts

Acc

epta

nce

of d

epos

its a

nd

othe

r re

paya

ble

fund

s fr

om

the

publ

ic

Lend

ing

of a

ll ty

pes

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ludi

ng

cons

umer

cre

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e cr

edit

fac

torin

g an

d fin

anci

ng

of c

omm

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al tr

ansa

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n

Fin

anci

al l

easi

ng

Pay

men

t an

d m

on

ey

tran

smis

sion

ser

vice

s in

clud

ing

cred

it c

harg

e an

d de

bit c

ards

tr

avel

ers

cheq

ues

and

ba

nke

rs d

rafts

Gua

rant

ees

and

com

mitm

ents

Tra

ding

fo

r ow

n ac

coun

t or

for

acco

unt

of c

usto

mer

s1in

th

e fo

llow

ing

(A) M

on

ey

ma

rke

t in

stru

men

ts

(B)F

orei

gn e

xcha

nge

(D)E

xcha

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rate

and

in

tere

st r

ate

inst

rum

ents

1)

Non

e fo

r fin

anci

al a

dvis

ory

and

finan

cial

d

ata

pro

cess

ing

Unb

ound

for

all

oth

er

serv

ices

1) N

one

2)

Non

e fo

r fin

anci

al a

dvis

ory

and

finan

cial

I2)

Non

e da

ta p

roce

ssin

g U

nbou

nd f

or

all

oth

er

serv

ices

3) a

) R

epre

sent

ativ

e of

ficeo

f ban

ks N

one

I3)

a) R

epre

sent

ativ

e of

fice

ofba

nks

Non

e b)

For

eign

ban

k br

anch

es

I N

one

for

exis

ting

fore

ign

bank

br

anch

es u

nder

pre

sent

sh

areh

oldi

ng s

truc

ture

N

ew

es

tabl

ishm

ent

is s

ubje

ct to

lic

ence

app

rove

d by

the

Min

iste

r o

f Fin

ance

with

the

co

nsen

t of t

he C

abin

et

II

AT

M o

pera

tions

per

mitt

ed

un

de

r th

e fo

llow

ing

cond

ition

s on

ly

i) jo

inin

g A

TM

poo

lsop

erat

ed b

y T

hai b

anks

o

r ii)

ope

ratio

n w

ithin

ow

n pr

emis

es

or

shar

ing

the

faci

litie

s w

ith

oth

er

com

mer

cial

ban

ks in

T

haila

nd

b) F

orei

gn b

ank

bran

ches

Non

e e

xcep

t as

indi

cate

d in

the

m

arke

t acc

ess

colu

mn

1 Th

e co

mm

itmen

ts fo

r S

ecur

ities

Com

pani

es u

nder

this

sub

sect

or a

re s

epar

atel

y lis

ted

belo

w

5

TH

AIL

AN

D

SC

HE

DU

LEO

FS

PE

CIF

ICC

OM

MIT

ME

NT

SF

OR

FIN

AN

CIA

LSE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

orde

r su

pply

2)

Co

nsu

mp

tion

ab

roa

d

3) C

omm

erci

al p

rese

nce

4

) P

rese

nce

of

natu

ral p

ers

on

s

Se

cto

rorS

ub

sect

or

Lim

itatio

nso

nM

ark

etA

cce

ss

Lim

itatio

nso

nN

atio

na

lTre

atm

en

t A

dd

itio

na

lCo

mm

itm

en

ts

(E)T

rans

fera

ble

secu

ritie

s

Par

ticip

atio

n in

iss

ues

of a

ll ki

nds

of s

ecur

ities

in

clud

ing

unde

r-w

ritin

g an

d p

lace

me

nt

as a

gent

(w

heth

er p

ublic

ly o

r pr

ivat

ely)

and

pro

visi

on o

f se

rvic

es r

elat

ed t

o s

uch

is

sues

2

III

Exi

stin

g fo

reig

n b

an

ks w

hich

al

read

y h

ad

th

e fi

rst

bran

ch o

ffic

e in

Th

aila

nd

pri

or

to J

uly

1995

will

ea

ch b

e p

erm

itte

d t

o o

pen

no

m

ore

than

tw

o a

dditi

onal

br

anch

es

IV N

on

e fo

r pa

rtic

ipat

ion

in c

hequ

e cl

eari

ng a

nd

se

ttle

me

nt s

yste

m

Ass

et m

an

ag

em

en

ea

s fo

llow

s

-ca

sh o

r po

rtfo

lio

man

agem

ent

-co

llect

ive

inve

stm

ent

man

agem

ent

-cu

stod

ian

and

depo

sito

ry s

erv

ice

s

Adv

isor

y i

nter

med

iatio

n a

nd

o

the

r au

xilia

ry f

inan

cial

se

rvic

es4

Pro

visi

on a

nd t

ran

sfe

r o

f fin

anci

al in

form

atio

n a

nd

fin

anci

al d

ata

pro

cess

ing

an

d

rela

ted

softw

are

c)

Loca

lly in

corp

ora

ted

ba

nks

I M

ark

et

acc

ess

lim

ited

to t

he

ac

quis

ition

of s

ha

res

of e

xist

ing

bank

s

II (

i) T

he

am

ou

nt o

f sha

res

held

by

pers

ons

of T

ha

i na

tiona

lity

shal

l n

ot b

e le

ss th

an

75

pe

rce

nt o

f th

e to

tal a

mo

un

t of v

otin

g sh

ares

sol

d C

om

bin

ed

sh

areh

oldi

ng o

f an

ind

ivid

ual

and

his

he

r re

late

d pe

rson

s sh

all

no

t e

xce

ed

10

pe

rce

nt o

f to

tal

nu

mb

er

of s

ha

res

sold

5

un

less

oth

erw

ise

per

mitt

ed b

y th

e B

an

k o

f Tha

iland

c)

Loca

lly in

corp

orat

ed b

an

ks

Non

e e

xce

pt a

s in

dica

ted

in t

he

m

ark

et a

cces

s co

lum

n

2 Th

e co

mm

itmen

ts fo

r S

ecur

ities

Com

pani

es u

nder

this

sub

sect

or a

re s

epar

atel

y lis

ted

belo

w

3 Th

e co

mm

itmen

ts fo

r Ass

et M

anag

emen

t Com

pani

es u

nder

this

sub

sect

or a

re s

epar

atel

y lis

ted

belo

w

4 Th

e co

mm

itmen

ts o

n In

vest

men

t Adv

isor

y fo

r S

ecur

ities

Com

pani

es u

nder

this

sub

sect

or a

re s

epar

atel

y lis

ted

belo

w

sro

tal n

umbe

r o

f sh

are

s so

ld i

nclu

de v

otin

g a

nd

no

n-v

otin

g s

ha

res

6

TH

AIL

AN

D

SC

HE

DU

LEO

FS

PE

CIF

ICC

OM

MIT

ME

NT

SF

OR

FIN

AN

CIA

LSE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

orde

r su

pply

2)

Con

sum

ptio

n ab

road

3)

Com

ll1er

cial

pre

senc

e 4)

P

rese

nce

of n

atur

al p~rsons

Se

cto

rorS

ub

sect

or

Lim

ita

tio

nso

nM

ark

etA

cce

ss

Lim

ita

tio

nso

nN

ati

on

alT

rea

tme

nt

Ad

dit

ion

alC

om

mit

me

n

ts

(ii)ln

the

ca

se w

here

the

Ban

k o

f T

haila

nd d

eem

s ap

prop

riate

th

e B

ank

of T

haila

nd m

ay g

rant

pe

rmis

sion

tha

t per

sons

of n

onshy

Tha

i na

tiona

lity

hold

sha

res

up

to 4

9 p

erce

nt o

f the

tot

al

amou

nt o

f vot

ing

shar

es s

old

(iii)

In t

he c

ase

whe

re it

is

nece

ssar

y to

rec

tify

the

oper

atio

n o

r to

str

engt

hen

the

stab

ility

of

any

loca

lly

inco

rpor

ated

ban

k o

r fo

r th

e pu

rpos

e o

f the

fina

ncia

l in

stitu

tions

sys

tem

sta

bilit

y t

he

Fin

ance

Min

iste

r with

the

re

com

men

datio

n o

f the

Ban

k o

f T

haila

nd s

hall

have

the

pow

er

to r

elax

the

req

uire

men

t o

f the

sh

areh

oldi

ng o

ther

than

tho

se

pres

crib

ed in

(c)

(

ii)

Suc

h eq

uity

par

ticip

atio

n w

ill b

e au

thor

ized

for

a p

erio

d o

f up

to

10 y

ears

w

ith fo

reig

n sh

areh

olde

rs w

ho e

nter

in t

his

perio

d be

ing

gran

dfat

here

d th

erea

fter

with

res

pect

to th

e ab

solu

te a

mou

nt o

f the

ir eq

uity

ho

ldin

g

III

(i) A

t le

ast t

hree

-fou

rths

of t

he

dire

ctor

s m

ust b

e o

f Tha

i na

tiona

lity

(ii

) In

th

e c

ase

whe

re t

he B

ank

of

7

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

ord

er

supp

ly

2) C

onsu

mpt

ion

abro

ad

3) C

omm

erci

al p

rese

nce

4)

Presenc~ o

f nat

ural

-pe=

-r-s

on

s---_

_--

Sec

toro

rSu

bse

cto

r L

imit

atio

nso

nM

arke

tAcc

ess

Lim

itat

ion

son

Nat

ion

alT

reat

men

t A

dd

itio

nal

Co

mm

itm

en

ts

Tha

iland

de

em

s ap

prop

riat

e

Th

e B

ank

of T

haila

nd m

ay

perm

it a

prop

ortio

n o

f non

-Tha

i na

tiona

lity

dir

ect

ors

of m

ore

than

one

-qua

rter

s b

ut s

hall

not

reac

h on

e h

alf

of t

he

tot

al

nu

mb

er

of d

irec

tors

(ii

i) In

the

cas

e w

he

re it

is

nece

ssar

y to

rec

tify

the

op

erat

ion

or

to s

tren

gthe

n th

e st

abili

ty o

f an

y lo

cally

in

corp

orat

ed b

an

k o

r fo

r th

e pu

rpos

e o

f th

e fi

nanc

ial

inst

itutio

n sy

stem

sta

bilit

y t

he

Fin

ance

Min

iste

r w

ith t

he

re

com

men

datio

n o

f th

e B

ank

of

Tha

iland

sha

ll h

ave

th

e p

ower

to

rel

ax t

he

re

qu

ire

me

nt

of t

he

dire

ctor

ship

oth

er

than

tho

se

pres

crib

ed in

(c)

III

(ii)

abov

e

Suc

h re

laxa

tion

ma

y be

gr

ante

d w

ith r

ule

an

d t

ime

clau

se

d) F

inan

cial

leas

ing

serv

ice

s

Can

onl

y be

pro

vide

d by

lea

sing

co

mpa

nies

whi

ch a

re s

ub

ject

to

max

imum

for

eign

eq

uity

par

ticip

atio

n o

f 49

per

cent

of p

aid

-up

reg

iste

red

capi

tal

or

by f

inan

ce c

om

pa

nie

s w

hich

are

sub

ject

to

ma

xim

um

fo

reig

n eq

uity

par

ticip

atio

n o

f 25

per

ce

nt o

f pai

d-up

reg

iste

red

capi

tal

d) F

inan

cial

leas

ing

serv

ices

Non

e

8

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

orde

r su

pply

2)

Con

sum

ptio

n ab

road

3)

Com

mer

cial

pre

senc

e 4)

P

rese

nce

of n

atur

al p

erso

ns

Sec

toro

rSu

bse

cto

r L

imit

atio

nso

nM

arke

tAcc

ess

Lim

itat

ion

son

Nat

ion

alT

reat

men

t A

dd

itio

nal

Co

mm

itm

en

ts

e) F

acto

ring

serv

ices

e)

Fac

torin

g se

rvic

es

Can

onl

y b

e pr

ovid

ed b

y fa

ctor

ing

com

pani

es w

hich

are

sub

ject

to

max

imum

for

eign

equ

ity p

artic

ipat

ion

of 4

9 pe

r cen

t of

pai

d-up

reg

iste

red

capi

tal

or

by fi

nanc

e co

mpa

nies

w

hich

are

sub

ject

to m

axim

um

fore

ign

equi

ty p

artic

ipat

ion

of 2

5 pe

r ce

nt o

f pai

d-up

reg

iste

red

capi

tal

Non

e

f)

Cre

dit

char

ge a

nd d

ebit

card

s f)

Cre

dit

char

ge a

nd d

ebit

card

s

Cre

dit

char

ge a

nd d

ebit

card

s ca

n on

ly b

e pr

ovid

ed b

y co

mpa

nies

w

hich

are

sub

ject

to

max

imum

fo

reig

n eq

uity

par

ticip

atio

n o

f 49

perc

ent

of p

aid-

up r

egis

tere

d ca

pita

l or

loca

lly in

corp

orat

ed b

an

ks a

nd

fore

ign

bank

bra

nche

s

Non

e

The

con

duct

of b

usin

esse

s un

der

d)

e) a

nd f)

will

be

subj

ect t

o lic

enS

ing

and

regu

latio

ns t

o b

e an

noun

ced

4)

For

ban

ks

repr

esen

tativ

e of

fices

and

fin

ance

com

pani

es

no q

uant

itativ

e lim

it ap

plie

s fo

r A

SE

AN

nat

iona

ls

App

rova

l sha

ll be

gra

nted

bas

ed o

n fo

reig

n se

rvic

es p

rovi

ders

bus

ines

s pl

ans

and

need

s

I 4)

Non

e

9

I

TH

AIL

AN

D

SC

HE

DU

LEO

FS

PE

CIF

ICC

OM

MIT

ME

NT

SF

OR

FIN

AN

CIA

LSE

RV

ICE

SU

NO

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

orde

r su

pply

2)

Con

sum

ptio

n ab

road

3)

Com

mer

cial

pre

senc

e 4)

P

rese

nce

of

natu

ral p

erso

ns

ii

Se

cto

rorS

ub

sect

or

Li m

itatio

nso

nM

ark

etA

cce

ss i

Lim

itatio

nso

nN

atio

na

lTre

atm

en

t A

dd

itio

na

lCo

mm

itm

en

ts

For

Sec

uriti

es C

ompa

nies

5

-se

curit

ies

brok

erag

e an

d de

alin

g -

deriv

ativ

es b

roke

rage

and

de

alin

g -

secu

ritie

s bo

rrow

ing

and

lend

ing

Tra

ding

for

ow

n ac

coun

t o

r fo

r ac

coun

t of c

usto

mer

s in

th

e fo

llow

ing

(C

) de

rivat

ive

prod

ucts

inc

l

but n

ot li

mite

d to

fu

ture

s an

d op

tions

(E

) tr

ansf

erab

le s

ecur

ities

1)

Unb

ound

2)

Non

e

3)

Unb

ound

exc

ept

I F

or r

epre

sent

ativ

e of

fices

no

ne

II F

or li

cens

ed s

ecur

ities

com

pany

fo

reig

n eq

uity

par

ticip

atio

n ca

n b

e

allo

wed

up

to 1

00 p

erce

nt o

fpai

d-up

ca

pita

l

4)

As

indi

cate

d in

the

hor

izon

tal s

ectio

n

1)

Non

e

2) N

one

3) N

one

4) A

s in

dica

ted

in t

he

hor

izon

tal s

ectio

n

For

Sec

uriti

es C

ompa

nies

tl

Sec

uriti

es U

nder

writ

ing

I 1)

Unb

ound

1)

N

one

Par

ticip

atio

n in

iss

ues

of a

ll ki

nds

of s

ecur

ities

in

clud

ing

I 2)

Non

e 2)

Non

e

unde

rwrit

ing

and

plac

emen

t as

age

nts

(whe

ther

pub

licly

or

priv

atel

y) a

nd p

rovi

sion

of

serv

ices

rel

ated

to

suc

h is

sues

I 3)

Unb

ound

exc

ept

I I

For

rep

rese

ntat

ive

offic

es

none

II F

or li

cens

ed s

ecur

ities

com

pany

fo

reig

n eq

uity

par

ticip

atio

n ca

n be

al

low

ed u

p to

100

per

cent

of p

aid-

up

capi

tal

3) N

one

41A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

4)

A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

6Sec

uriti

es c

ompa

nies

mea

n se

curit

ies

com

pani

es w

hich

are

not

com

mer

cial

ban

ks a

nd in

sura

nce

com

pani

es

10

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mo

de

s o

f Sllp

plL

1) G

ross-b()

rcj~

r su

pply

2)

Con

sulT

lptio

n ab

road

3)

Com

mer

cial

pre

senc

e 4)

P

rese

nce

of

natu

ral p

erso

ns

I S

ecto

rorS

ub

sect

or

Lim

itat

ion

son

Mar

ketA

cces

s L

imit

atio

nso

nN

atio

nal

Tre

atm

ent

Ad

dit

ion

alC

om

mit

men

ts

F

orA

sset

Ma

na

ge

me

nt

Com

pani

es

-m

utua

l fun

d m

an

ag

em

en

t -

priv

ate

fund

ma

na

ge

me

nt

I 1)

Un

bo

un

d

1)

Non

e

-de

riva

tives

fund

m

an

ag

em

en

t I 2

) N

on

e

2)

Non

e

-ve

ntur

e ca

pita

l man

agem

ent

Ass

et

ma

na

ge

me

nt

I 3)

Un

bo

un

d e

xcep

t

I F

or

repr

esen

tativ

e of

fices

n

on

e

II F

or

ass

et m

an

ag

em

en

t com

pani

es

fore

ign

equi

ty p

artic

ipat

ion

can

be

allo

we

d u

p to

100

per

cent

ofp

aid-

up

capi

tal

How

ever

du

ring

the

firs

t fiv

e

year

saft

er th

e lic

ense

has

bee

n gr

ante

d a

t le

ast 5

0 pe

rcen

t o

f th

e

paid

-up

capi

tal o

f th

ea

sse

t m

an

ag

em

en

t com

pany

mu

st b

e h

eld

by

finan

cial

inst

itutio

nses

tabl

ishe

d u

nd

er

Tha

i la

w7

3)

Non

e

For

Sec

uriti

es C

ompa

nies

tl

4A

s in

dic

ate

d in

the

hor

izon

tal s

ectio

n

4) A

s in

dica

ted

in t

he

hor

izon

tal s

ectio

n

Adv

isor

y I

nter

med

iatio

n an

d O

the

r Aux

iliar

y F

inan

cial

I 1

) U

nb

ou

nd

1)

N

one

Ser

vice

s

Inve

stm

en

t Adv

iSO

ry

I 2

No

ne

2)

N

one

7Fin

anci

al in

stitu

tions

esta

blis

hed

unde

r Tha

i law

s in

this

sec

tion

mea

n se

curit

ies

com

pani

es

com

mer

cial

ban

ks

life

insu

ranc

e co

mpa

nies

an

d sp

ecia

lized

fina

ncia

l in

stitu

tions

est

ablis

hed

unde

r spe

cific

law

s

11

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

pl

Sec

toro

rSu

bse

cto

r

1lGr

oss-

bltl

rd~r

sup

ply

2) C

onsu

mpt

ion

abro

ad

lim

itat

ion

son

Mar

ketA

cces

s

3) C

omm

erci

al p

rese

nce

4)

Pre

senc

e o

f nat

ural

per

sons

lim

itat

ion

son

Nat

ion

alT

reat

men

t A

dd

itio

nal

Co

mm

itm

en

ts

3)

Unb

ound

exc

ept

I F

or r

epre

sent

ativ

e of

fices

no

ne

3)

Non

e

II F

or s

ecur

ities

com

pani

es

a)

fore

ign

equi

ty p

artic

ipat

ion

can

be a

llow

ed u

p to

100

per

cent

o

f pai

d-up

cap

ital

b)

Lice

nse

may

be

gra

nted

to

finan

cial

inst

itutio

ns li

cens

ed

unde

r T

hai L

aws

and

a li

mite

d co

mpa

ny w

hich

is n

ewly

es

tabl

ishe

d

4)A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

4)

A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

Oth

er a

uxili

ary

finan

cial

se

rvic

es

Cre

dit c

ard

serv

ices

(C

PC

811

33)

(Mob

ilizi

ng f

unds

from

the

pu

blic

is p

rohi

bite

d u

nles

s lic

ense

d un

der

a fin

anci

al

law

)

1) N

one

2) N

one

3) a

) A

s in

dica

ted

in B

3)(

h)

abov

e

b)

Fin

anci

al in

stitu

tions

mus

t obt

ain

prio

r ap

prov

al f

rom

the

Ban

k of

T

haila

nd

1) N

one

2) N

one

3) N

o lim

itatio

n as

long

as

fore

ign

equi

ty

part

icip

atio

n do

es n

ot e

xcee

d 49

per

ce

nt

4) A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

4) N

one

12

--

TH

AIL

AN

D

S

CH

ED

ULE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IALS

ER

VIC

ES

UN

DE

RA

FA

S

-_ -

-__

__

--

-__

__ -_

--

--

_

_

_

_ _

_---

__

-_

_

-_

_

-__

_-

_

-_

--

_

_-_

_--__

--_

-

Se

cto

rorS

ub

sect

or

Lim

ita

tio

nso

nM

ark

etA

cce

ss

Lim

ita

tio

nso

nN

ati

on

alT

rea

tme

nt

Ad

dit

lon

alC

om

mlt

me

n

ts

Fin

anci

al c

onsu

ltanc

y se

rvic

es

(CP

C 8

1332

)

1) U

nbou

nd

2) N

one

3) N

one

othe

r th

an t

hat

indi

cate

d in

the

ho

rizon

tal s

ectio

n

4)

As

indi

cate

d in

the

hor

izon

tal s

ectio

n

1) N

one

2) N

one

3) N

o lim

itatio

n as

long

as

fore

ign

equi

ty

part

icip

atio

n do

es n

ot e

xcee

d 4

9 p

er

cent

4)

Non

e

-shy

bull 13

TH

AIL

AN

D

SC

HE

DU

LEO

FS

PE

CIF

ICC

OM

MIT

ME

NT

SF

OR

FIN

AN

CIA

LSE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

orde

r su

pply

2)

Co

nsu

mp

tion

ab

roa

d

3) C

omm

erci

al p

rese

nce

4

) P

rese

nce

of

natu

ral p

ers

on

s

Se

cto

rorS

ub

sect

or

Lim

itatio

nso

nM

ark

etA

cce

ss

Lim

itatio

nso

nN

atio

na

lTre

atm

en

t A

dd

itio

na

lCo

mm

itm

en

ts

(E)T

rans

fera

ble

secu

ritie

s

Par

ticip

atio

n in

iss

ues

of a

ll ki

nds

of s

ecur

ities

in

clud

ing

unde

r-w

ritin

g an

d p

lace

me

nt

as a

gent

(w

heth

er p

ublic

ly o

r pr

ivat

ely)

and

pro

visi

on o

f se

rvic

es r

elat

ed t

o s

uch

is

sues

2

III

Exi

stin

g fo

reig

n b

an

ks w

hich

al

read

y h

ad

th

e fi

rst

bran

ch o

ffic

e in

Th

aila

nd

pri

or

to J

uly

1995

will

ea

ch b

e p

erm

itte

d t

o o

pen

no

m

ore

than

tw

o a

dditi

onal

br

anch

es

IV N

on

e fo

r pa

rtic

ipat

ion

in c

hequ

e cl

eari

ng a

nd

se

ttle

me

nt s

yste

m

Ass

et m

an

ag

em

en

ea

s fo

llow

s

-ca

sh o

r po

rtfo

lio

man

agem

ent

-co

llect

ive

inve

stm

ent

man

agem

ent

-cu

stod

ian

and

depo

sito

ry s

erv

ice

s

Adv

isor

y i

nter

med

iatio

n a

nd

o

the

r au

xilia

ry f

inan

cial

se

rvic

es4

Pro

visi

on a

nd t

ran

sfe

r o

f fin

anci

al in

form

atio

n a

nd

fin

anci

al d

ata

pro

cess

ing

an

d

rela

ted

softw

are

c)

Loca

lly in

corp

ora

ted

ba

nks

I M

ark

et

acc

ess

lim

ited

to t

he

ac

quis

ition

of s

ha

res

of e

xist

ing

bank

s

II (

i) T

he

am

ou

nt o

f sha

res

held

by

pers

ons

of T

ha

i na

tiona

lity

shal

l n

ot b

e le

ss th

an

75

pe

rce

nt o

f th

e to

tal a

mo

un

t of v

otin

g sh

ares

sol

d C

om

bin

ed

sh

areh

oldi

ng o

f an

ind

ivid

ual

and

his

he

r re

late

d pe

rson

s sh

all

no

t e

xce

ed

10

pe

rce

nt o

f to

tal

nu

mb

er

of s

ha

res

sold

5

un

less

oth

erw

ise

per

mitt

ed b

y th

e B

an

k o

f Tha

iland

c)

Loca

lly in

corp

orat

ed b

an

ks

Non

e e

xce

pt a

s in

dica

ted

in t

he

m

ark

et a

cces

s co

lum

n

2 Th

e co

mm

itmen

ts fo

r S

ecur

ities

Com

pani

es u

nder

this

sub

sect

or a

re s

epar

atel

y lis

ted

belo

w

3 Th

e co

mm

itmen

ts fo

r Ass

et M

anag

emen

t Com

pani

es u

nder

this

sub

sect

or a

re s

epar

atel

y lis

ted

belo

w

4 Th

e co

mm

itmen

ts o

n In

vest

men

t Adv

isor

y fo

r S

ecur

ities

Com

pani

es u

nder

this

sub

sect

or a

re s

epar

atel

y lis

ted

belo

w

sro

tal n

umbe

r o

f sh

are

s so

ld i

nclu

de v

otin

g a

nd

no

n-v

otin

g s

ha

res

6

TH

AIL

AN

D

SC

HE

DU

LEO

FS

PE

CIF

ICC

OM

MIT

ME

NT

SF

OR

FIN

AN

CIA

LSE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

orde

r su

pply

2)

Con

sum

ptio

n ab

road

3)

Com

ll1er

cial

pre

senc

e 4)

P

rese

nce

of n

atur

al p~rsons

Se

cto

rorS

ub

sect

or

Lim

ita

tio

nso

nM

ark

etA

cce

ss

Lim

ita

tio

nso

nN

ati

on

alT

rea

tme

nt

Ad

dit

ion

alC

om

mit

me

n

ts

(ii)ln

the

ca

se w

here

the

Ban

k o

f T

haila

nd d

eem

s ap

prop

riate

th

e B

ank

of T

haila

nd m

ay g

rant

pe

rmis

sion

tha

t per

sons

of n

onshy

Tha

i na

tiona

lity

hold

sha

res

up

to 4

9 p

erce

nt o

f the

tot

al

amou

nt o

f vot

ing

shar

es s

old

(iii)

In t

he c

ase

whe

re it

is

nece

ssar

y to

rec

tify

the

oper

atio

n o

r to

str

engt

hen

the

stab

ility

of

any

loca

lly

inco

rpor

ated

ban

k o

r fo

r th

e pu

rpos

e o

f the

fina

ncia

l in

stitu

tions

sys

tem

sta

bilit

y t

he

Fin

ance

Min

iste

r with

the

re

com

men

datio

n o

f the

Ban

k o

f T

haila

nd s

hall

have

the

pow

er

to r

elax

the

req

uire

men

t o

f the

sh

areh

oldi

ng o

ther

than

tho

se

pres

crib

ed in

(c)

(

ii)

Suc

h eq

uity

par

ticip

atio

n w

ill b

e au

thor

ized

for

a p

erio

d o

f up

to

10 y

ears

w

ith fo

reig

n sh

areh

olde

rs w

ho e

nter

in t

his

perio

d be

ing

gran

dfat

here

d th

erea

fter

with

res

pect

to th

e ab

solu

te a

mou

nt o

f the

ir eq

uity

ho

ldin

g

III

(i) A

t le

ast t

hree

-fou

rths

of t

he

dire

ctor

s m

ust b

e o

f Tha

i na

tiona

lity

(ii

) In

th

e c

ase

whe

re t

he B

ank

of

7

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

ord

er

supp

ly

2) C

onsu

mpt

ion

abro

ad

3) C

omm

erci

al p

rese

nce

4)

Presenc~ o

f nat

ural

-pe=

-r-s

on

s---_

_--

Sec

toro

rSu

bse

cto

r L

imit

atio

nso

nM

arke

tAcc

ess

Lim

itat

ion

son

Nat

ion

alT

reat

men

t A

dd

itio

nal

Co

mm

itm

en

ts

Tha

iland

de

em

s ap

prop

riat

e

Th

e B

ank

of T

haila

nd m

ay

perm

it a

prop

ortio

n o

f non

-Tha

i na

tiona

lity

dir

ect

ors

of m

ore

than

one

-qua

rter

s b

ut s

hall

not

reac

h on

e h

alf

of t

he

tot

al

nu

mb

er

of d

irec

tors

(ii

i) In

the

cas

e w

he

re it

is

nece

ssar

y to

rec

tify

the

op

erat

ion

or

to s

tren

gthe

n th

e st

abili

ty o

f an

y lo

cally

in

corp

orat

ed b

an

k o

r fo

r th

e pu

rpos

e o

f th

e fi

nanc

ial

inst

itutio

n sy

stem

sta

bilit

y t

he

Fin

ance

Min

iste

r w

ith t

he

re

com

men

datio

n o

f th

e B

ank

of

Tha

iland

sha

ll h

ave

th

e p

ower

to

rel

ax t

he

re

qu

ire

me

nt

of t

he

dire

ctor

ship

oth

er

than

tho

se

pres

crib

ed in

(c)

III

(ii)

abov

e

Suc

h re

laxa

tion

ma

y be

gr

ante

d w

ith r

ule

an

d t

ime

clau

se

d) F

inan

cial

leas

ing

serv

ice

s

Can

onl

y be

pro

vide

d by

lea

sing

co

mpa

nies

whi

ch a

re s

ub

ject

to

max

imum

for

eign

eq

uity

par

ticip

atio

n o

f 49

per

cent

of p

aid

-up

reg

iste

red

capi

tal

or

by f

inan

ce c

om

pa

nie

s w

hich

are

sub

ject

to

ma

xim

um

fo

reig

n eq

uity

par

ticip

atio

n o

f 25

per

ce

nt o

f pai

d-up

reg

iste

red

capi

tal

d) F

inan

cial

leas

ing

serv

ices

Non

e

8

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

orde

r su

pply

2)

Con

sum

ptio

n ab

road

3)

Com

mer

cial

pre

senc

e 4)

P

rese

nce

of n

atur

al p

erso

ns

Sec

toro

rSu

bse

cto

r L

imit

atio

nso

nM

arke

tAcc

ess

Lim

itat

ion

son

Nat

ion

alT

reat

men

t A

dd

itio

nal

Co

mm

itm

en

ts

e) F

acto

ring

serv

ices

e)

Fac

torin

g se

rvic

es

Can

onl

y b

e pr

ovid

ed b

y fa

ctor

ing

com

pani

es w

hich

are

sub

ject

to

max

imum

for

eign

equ

ity p

artic

ipat

ion

of 4

9 pe

r cen

t of

pai

d-up

reg

iste

red

capi

tal

or

by fi

nanc

e co

mpa

nies

w

hich

are

sub

ject

to m

axim

um

fore

ign

equi

ty p

artic

ipat

ion

of 2

5 pe

r ce

nt o

f pai

d-up

reg

iste

red

capi

tal

Non

e

f)

Cre

dit

char

ge a

nd d

ebit

card

s f)

Cre

dit

char

ge a

nd d

ebit

card

s

Cre

dit

char

ge a

nd d

ebit

card

s ca

n on

ly b

e pr

ovid

ed b

y co

mpa

nies

w

hich

are

sub

ject

to

max

imum

fo

reig

n eq

uity

par

ticip

atio

n o

f 49

perc

ent

of p

aid-

up r

egis

tere

d ca

pita

l or

loca

lly in

corp

orat

ed b

an

ks a

nd

fore

ign

bank

bra

nche

s

Non

e

The

con

duct

of b

usin

esse

s un

der

d)

e) a

nd f)

will

be

subj

ect t

o lic

enS

ing

and

regu

latio

ns t

o b

e an

noun

ced

4)

For

ban

ks

repr

esen

tativ

e of

fices

and

fin

ance

com

pani

es

no q

uant

itativ

e lim

it ap

plie

s fo

r A

SE

AN

nat

iona

ls

App

rova

l sha

ll be

gra

nted

bas

ed o

n fo

reig

n se

rvic

es p

rovi

ders

bus

ines

s pl

ans

and

need

s

I 4)

Non

e

9

I

TH

AIL

AN

D

SC

HE

DU

LEO

FS

PE

CIF

ICC

OM

MIT

ME

NT

SF

OR

FIN

AN

CIA

LSE

RV

ICE

SU

NO

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

orde

r su

pply

2)

Con

sum

ptio

n ab

road

3)

Com

mer

cial

pre

senc

e 4)

P

rese

nce

of

natu

ral p

erso

ns

ii

Se

cto

rorS

ub

sect

or

Li m

itatio

nso

nM

ark

etA

cce

ss i

Lim

itatio

nso

nN

atio

na

lTre

atm

en

t A

dd

itio

na

lCo

mm

itm

en

ts

For

Sec

uriti

es C

ompa

nies

5

-se

curit

ies

brok

erag

e an

d de

alin

g -

deriv

ativ

es b

roke

rage

and

de

alin

g -

secu

ritie

s bo

rrow

ing

and

lend

ing

Tra

ding

for

ow

n ac

coun

t o

r fo

r ac

coun

t of c

usto

mer

s in

th

e fo

llow

ing

(C

) de

rivat

ive

prod

ucts

inc

l

but n

ot li

mite

d to

fu

ture

s an

d op

tions

(E

) tr

ansf

erab

le s

ecur

ities

1)

Unb

ound

2)

Non

e

3)

Unb

ound

exc

ept

I F

or r

epre

sent

ativ

e of

fices

no

ne

II F

or li

cens

ed s

ecur

ities

com

pany

fo

reig

n eq

uity

par

ticip

atio

n ca

n b

e

allo

wed

up

to 1

00 p

erce

nt o

fpai

d-up

ca

pita

l

4)

As

indi

cate

d in

the

hor

izon

tal s

ectio

n

1)

Non

e

2) N

one

3) N

one

4) A

s in

dica

ted

in t

he

hor

izon

tal s

ectio

n

For

Sec

uriti

es C

ompa

nies

tl

Sec

uriti

es U

nder

writ

ing

I 1)

Unb

ound

1)

N

one

Par

ticip

atio

n in

iss

ues

of a

ll ki

nds

of s

ecur

ities

in

clud

ing

I 2)

Non

e 2)

Non

e

unde

rwrit

ing

and

plac

emen

t as

age

nts

(whe

ther

pub

licly

or

priv

atel

y) a

nd p

rovi

sion

of

serv

ices

rel

ated

to

suc

h is

sues

I 3)

Unb

ound

exc

ept

I I

For

rep

rese

ntat

ive

offic

es

none

II F

or li

cens

ed s

ecur

ities

com

pany

fo

reig

n eq

uity

par

ticip

atio

n ca

n be

al

low

ed u

p to

100

per

cent

of p

aid-

up

capi

tal

3) N

one

41A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

4)

A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

6Sec

uriti

es c

ompa

nies

mea

n se

curit

ies

com

pani

es w

hich

are

not

com

mer

cial

ban

ks a

nd in

sura

nce

com

pani

es

10

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mo

de

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ross-b()

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pply

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road

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Com

mer

cial

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senc

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rese

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na

ge

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nt

Com

pani

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-m

utua

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d m

an

ag

em

en

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ate

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na

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nt

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Un

bo

un

d

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Non

e

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e

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ntur

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pita

l man

agem

ent

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et

ma

na

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me

nt

I 3)

Un

bo

un

d e

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t

I F

or

repr

esen

tativ

e of

fices

n

on

e

II F

or

ass

et m

an

ag

em

en

t com

pani

es

fore

ign

equi

ty p

artic

ipat

ion

can

be

allo

we

d u

p to

100

per

cent

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aid-

up

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tal

How

ever

du

ring

the

firs

t fiv

e

year

saft

er th

e lic

ense

has

bee

n gr

ante

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t le

ast 5

0 pe

rcen

t o

f th

e

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-up

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tal o

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pany

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e h

eld

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cial

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ishe

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Non

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tl

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izon

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Adv

isor

y I

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med

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r Aux

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cial

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nd

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vice

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stm

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ry

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No

ne

2)

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7Fin

anci

al in

stitu

tions

esta

blis

hed

unde

r Tha

i law

s in

this

sec

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mea

n se

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com

pani

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com

mer

cial

ban

ks

life

insu

ranc

e co

mpa

nies

an

d sp

ecia

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fina

ncia

l in

stitu

tions

est

ablis

hed

unde

r spe

cific

law

s

11

TH

AIL

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D

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HE

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LE

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ER

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Mod

es o

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pl

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toro

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cto

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ural

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sons

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itat

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ion

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men

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dd

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ound

exc

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or r

epre

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ne

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or s

ecur

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pani

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a)

fore

ign

equi

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artic

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llow

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p to

100

per

cent

o

f pai

d-up

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ital

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Lice

nse

may

be

gra

nted

to

finan

cial

inst

itutio

ns li

cens

ed

unde

r T

hai L

aws

and

a li

mite

d co

mpa

ny w

hich

is n

ewly

es

tabl

ishe

d

4)A

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dica

ted

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oriz

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4)

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oriz

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tion

Oth

er a

uxili

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finan

cial

se

rvic

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Cre

dit c

ard

serv

ices

(C

PC

811

33)

(Mob

ilizi

ng f

unds

from

the

pu

blic

is p

rohi

bite

d u

nles

s lic

ense

d un

der

a fin

anci

al

law

)

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one

2) N

one

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) A

s in

dica

ted

in B

3)(

h)

abov

e

b)

Fin

anci

al in

stitu

tions

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t obt

ain

prio

r ap

prov

al f

rom

the

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k of

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o lim

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long

as

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ign

equi

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icip

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es n

ot e

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per

ce

nt

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s in

dica

ted

in t

he h

oriz

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l sec

tion

4) N

one

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--

TH

AIL

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D

S

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OF

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MM

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S

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dit

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om

mlt

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n

ts

Fin

anci

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onsu

ltanc

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rvic

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(CP

C 8

1332

)

1) U

nbou

nd

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one

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one

othe

r th

an t

hat

indi

cate

d in

the

ho

rizon

tal s

ectio

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indi

cate

d in

the

hor

izon

tal s

ectio

n

1) N

one

2) N

one

3) N

o lim

itatio

n as

long

as

fore

ign

equi

ty

part

icip

atio

n do

es n

ot e

xcee

d 4

9 p

er

cent

4)

Non

e

-shy

bull 13

TH

AIL

AN

D

SC

HE

DU

LEO

FS

PE

CIF

ICC

OM

MIT

ME

NT

SF

OR

FIN

AN

CIA

LSE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

orde

r su

pply

2)

Con

sum

ptio

n ab

road

3)

Com

ll1er

cial

pre

senc

e 4)

P

rese

nce

of n

atur

al p~rsons

Se

cto

rorS

ub

sect

or

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ita

tio

nso

nM

ark

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ita

tio

nso

nN

ati

on

alT

rea

tme

nt

Ad

dit

ion

alC

om

mit

me

n

ts

(ii)ln

the

ca

se w

here

the

Ban

k o

f T

haila

nd d

eem

s ap

prop

riate

th

e B

ank

of T

haila

nd m

ay g

rant

pe

rmis

sion

tha

t per

sons

of n

onshy

Tha

i na

tiona

lity

hold

sha

res

up

to 4

9 p

erce

nt o

f the

tot

al

amou

nt o

f vot

ing

shar

es s

old

(iii)

In t

he c

ase

whe

re it

is

nece

ssar

y to

rec

tify

the

oper

atio

n o

r to

str

engt

hen

the

stab

ility

of

any

loca

lly

inco

rpor

ated

ban

k o

r fo

r th

e pu

rpos

e o

f the

fina

ncia

l in

stitu

tions

sys

tem

sta

bilit

y t

he

Fin

ance

Min

iste

r with

the

re

com

men

datio

n o

f the

Ban

k o

f T

haila

nd s

hall

have

the

pow

er

to r

elax

the

req

uire

men

t o

f the

sh

areh

oldi

ng o

ther

than

tho

se

pres

crib

ed in

(c)

(

ii)

Suc

h eq

uity

par

ticip

atio

n w

ill b

e au

thor

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for

a p

erio

d o

f up

to

10 y

ears

w

ith fo

reig

n sh

areh

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rs w

ho e

nter

in t

his

perio

d be

ing

gran

dfat

here

d th

erea

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with

res

pect

to th

e ab

solu

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mou

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ir eq

uity

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ldin

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III

(i) A

t le

ast t

hree

-fou

rths

of t

he

dire

ctor

s m

ust b

e o

f Tha

i na

tiona

lity

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) In

th

e c

ase

whe

re t

he B

ank

of

7

TH

AIL

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D

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HE

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LE

OF

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EN

TS

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ND

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Mod

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ly

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omm

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nce

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Presenc~ o

f nat

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on

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iland

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prop

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e B

ank

of T

haila

nd m

ay

perm

it a

prop

ortio

n o

f non

-Tha

i na

tiona

lity

dir

ect

ors

of m

ore

than

one

-qua

rter

s b

ut s

hall

not

reac

h on

e h

alf

of t

he

tot

al

nu

mb

er

of d

irec

tors

(ii

i) In

the

cas

e w

he

re it

is

nece

ssar

y to

rec

tify

the

op

erat

ion

or

to s

tren

gthe

n th

e st

abili

ty o

f an

y lo

cally

in

corp

orat

ed b

an

k o

r fo

r th

e pu

rpos

e o

f th

e fi

nanc

ial

inst

itutio

n sy

stem

sta

bilit

y t

he

Fin

ance

Min

iste

r w

ith t

he

re

com

men

datio

n o

f th

e B

ank

of

Tha

iland

sha

ll h

ave

th

e p

ower

to

rel

ax t

he

re

qu

ire

me

nt

of t

he

dire

ctor

ship

oth

er

than

tho

se

pres

crib

ed in

(c)

III

(ii)

abov

e

Suc

h re

laxa

tion

ma

y be

gr

ante

d w

ith r

ule

an

d t

ime

clau

se

d) F

inan

cial

leas

ing

serv

ice

s

Can

onl

y be

pro

vide

d by

lea

sing

co

mpa

nies

whi

ch a

re s

ub

ject

to

max

imum

for

eign

eq

uity

par

ticip

atio

n o

f 49

per

cent

of p

aid

-up

reg

iste

red

capi

tal

or

by f

inan

ce c

om

pa

nie

s w

hich

are

sub

ject

to

ma

xim

um

fo

reig

n eq

uity

par

ticip

atio

n o

f 25

per

ce

nt o

f pai

d-up

reg

iste

red

capi

tal

d) F

inan

cial

leas

ing

serv

ices

Non

e

8

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

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SE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

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Cro

ss-b

orde

r su

pply

2)

Con

sum

ptio

n ab

road

3)

Com

mer

cial

pre

senc

e 4)

P

rese

nce

of n

atur

al p

erso

ns

Sec

toro

rSu

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cto

r L

imit

atio

nso

nM

arke

tAcc

ess

Lim

itat

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son

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ion

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reat

men

t A

dd

itio

nal

Co

mm

itm

en

ts

e) F

acto

ring

serv

ices

e)

Fac

torin

g se

rvic

es

Can

onl

y b

e pr

ovid

ed b

y fa

ctor

ing

com

pani

es w

hich

are

sub

ject

to

max

imum

for

eign

equ

ity p

artic

ipat

ion

of 4

9 pe

r cen

t of

pai

d-up

reg

iste

red

capi

tal

or

by fi

nanc

e co

mpa

nies

w

hich

are

sub

ject

to m

axim

um

fore

ign

equi

ty p

artic

ipat

ion

of 2

5 pe

r ce

nt o

f pai

d-up

reg

iste

red

capi

tal

Non

e

f)

Cre

dit

char

ge a

nd d

ebit

card

s f)

Cre

dit

char

ge a

nd d

ebit

card

s

Cre

dit

char

ge a

nd d

ebit

card

s ca

n on

ly b

e pr

ovid

ed b

y co

mpa

nies

w

hich

are

sub

ject

to

max

imum

fo

reig

n eq

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par

ticip

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n o

f 49

perc

ent

of p

aid-

up r

egis

tere

d ca

pita

l or

loca

lly in

corp

orat

ed b

an

ks a

nd

fore

ign

bank

bra

nche

s

Non

e

The

con

duct

of b

usin

esse

s un

der

d)

e) a

nd f)

will

be

subj

ect t

o lic

enS

ing

and

regu

latio

ns t

o b

e an

noun

ced

4)

For

ban

ks

repr

esen

tativ

e of

fices

and

fin

ance

com

pani

es

no q

uant

itativ

e lim

it ap

plie

s fo

r A

SE

AN

nat

iona

ls

App

rova

l sha

ll be

gra

nted

bas

ed o

n fo

reig

n se

rvic

es p

rovi

ders

bus

ines

s pl

ans

and

need

s

I 4)

Non

e

9

I

TH

AIL

AN

D

SC

HE

DU

LEO

FS

PE

CIF

ICC

OM

MIT

ME

NT

SF

OR

FIN

AN

CIA

LSE

RV

ICE

SU

NO

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

orde

r su

pply

2)

Con

sum

ptio

n ab

road

3)

Com

mer

cial

pre

senc

e 4)

P

rese

nce

of

natu

ral p

erso

ns

ii

Se

cto

rorS

ub

sect

or

Li m

itatio

nso

nM

ark

etA

cce

ss i

Lim

itatio

nso

nN

atio

na

lTre

atm

en

t A

dd

itio

na

lCo

mm

itm

en

ts

For

Sec

uriti

es C

ompa

nies

5

-se

curit

ies

brok

erag

e an

d de

alin

g -

deriv

ativ

es b

roke

rage

and

de

alin

g -

secu

ritie

s bo

rrow

ing

and

lend

ing

Tra

ding

for

ow

n ac

coun

t o

r fo

r ac

coun

t of c

usto

mer

s in

th

e fo

llow

ing

(C

) de

rivat

ive

prod

ucts

inc

l

but n

ot li

mite

d to

fu

ture

s an

d op

tions

(E

) tr

ansf

erab

le s

ecur

ities

1)

Unb

ound

2)

Non

e

3)

Unb

ound

exc

ept

I F

or r

epre

sent

ativ

e of

fices

no

ne

II F

or li

cens

ed s

ecur

ities

com

pany

fo

reig

n eq

uity

par

ticip

atio

n ca

n b

e

allo

wed

up

to 1

00 p

erce

nt o

fpai

d-up

ca

pita

l

4)

As

indi

cate

d in

the

hor

izon

tal s

ectio

n

1)

Non

e

2) N

one

3) N

one

4) A

s in

dica

ted

in t

he

hor

izon

tal s

ectio

n

For

Sec

uriti

es C

ompa

nies

tl

Sec

uriti

es U

nder

writ

ing

I 1)

Unb

ound

1)

N

one

Par

ticip

atio

n in

iss

ues

of a

ll ki

nds

of s

ecur

ities

in

clud

ing

I 2)

Non

e 2)

Non

e

unde

rwrit

ing

and

plac

emen

t as

age

nts

(whe

ther

pub

licly

or

priv

atel

y) a

nd p

rovi

sion

of

serv

ices

rel

ated

to

suc

h is

sues

I 3)

Unb

ound

exc

ept

I I

For

rep

rese

ntat

ive

offic

es

none

II F

or li

cens

ed s

ecur

ities

com

pany

fo

reig

n eq

uity

par

ticip

atio

n ca

n be

al

low

ed u

p to

100

per

cent

of p

aid-

up

capi

tal

3) N

one

41A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

4)

A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

6Sec

uriti

es c

ompa

nies

mea

n se

curit

ies

com

pani

es w

hich

are

not

com

mer

cial

ban

ks a

nd in

sura

nce

com

pani

es

10

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mo

de

s o

f Sllp

plL

1) G

ross-b()

rcj~

r su

pply

2)

Con

sulT

lptio

n ab

road

3)

Com

mer

cial

pre

senc

e 4)

P

rese

nce

of

natu

ral p

erso

ns

I S

ecto

rorS

ub

sect

or

Lim

itat

ion

son

Mar

ketA

cces

s L

imit

atio

nso

nN

atio

nal

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atm

ent

Ad

dit

ion

alC

om

mit

men

ts

F

orA

sset

Ma

na

ge

me

nt

Com

pani

es

-m

utua

l fun

d m

an

ag

em

en

t -

priv

ate

fund

ma

na

ge

me

nt

I 1)

Un

bo

un

d

1)

Non

e

-de

riva

tives

fund

m

an

ag

em

en

t I 2

) N

on

e

2)

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e

-ve

ntur

e ca

pita

l man

agem

ent

Ass

et

ma

na

ge

me

nt

I 3)

Un

bo

un

d e

xcep

t

I F

or

repr

esen

tativ

e of

fices

n

on

e

II F

or

ass

et m

an

ag

em

en

t com

pani

es

fore

ign

equi

ty p

artic

ipat

ion

can

be

allo

we

d u

p to

100

per

cent

ofp

aid-

up

capi

tal

How

ever

du

ring

the

firs

t fiv

e

year

saft

er th

e lic

ense

has

bee

n gr

ante

d a

t le

ast 5

0 pe

rcen

t o

f th

e

paid

-up

capi

tal o

f th

ea

sse

t m

an

ag

em

en

t com

pany

mu

st b

e h

eld

by

finan

cial

inst

itutio

nses

tabl

ishe

d u

nd

er

Tha

i la

w7

3)

Non

e

For

Sec

uriti

es C

ompa

nies

tl

4A

s in

dic

ate

d in

the

hor

izon

tal s

ectio

n

4) A

s in

dica

ted

in t

he

hor

izon

tal s

ectio

n

Adv

isor

y I

nter

med

iatio

n an

d O

the

r Aux

iliar

y F

inan

cial

I 1

) U

nb

ou

nd

1)

N

one

Ser

vice

s

Inve

stm

en

t Adv

iSO

ry

I 2

No

ne

2)

N

one

7Fin

anci

al in

stitu

tions

esta

blis

hed

unde

r Tha

i law

s in

this

sec

tion

mea

n se

curit

ies

com

pani

es

com

mer

cial

ban

ks

life

insu

ranc

e co

mpa

nies

an

d sp

ecia

lized

fina

ncia

l in

stitu

tions

est

ablis

hed

unde

r spe

cific

law

s

11

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

pl

Sec

toro

rSu

bse

cto

r

1lGr

oss-

bltl

rd~r

sup

ply

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onsu

mpt

ion

abro

ad

lim

itat

ion

son

Mar

ketA

cces

s

3) C

omm

erci

al p

rese

nce

4)

Pre

senc

e o

f nat

ural

per

sons

lim

itat

ion

son

Nat

ion

alT

reat

men

t A

dd

itio

nal

Co

mm

itm

en

ts

3)

Unb

ound

exc

ept

I F

or r

epre

sent

ativ

e of

fices

no

ne

3)

Non

e

II F

or s

ecur

ities

com

pani

es

a)

fore

ign

equi

ty p

artic

ipat

ion

can

be a

llow

ed u

p to

100

per

cent

o

f pai

d-up

cap

ital

b)

Lice

nse

may

be

gra

nted

to

finan

cial

inst

itutio

ns li

cens

ed

unde

r T

hai L

aws

and

a li

mite

d co

mpa

ny w

hich

is n

ewly

es

tabl

ishe

d

4)A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

4)

A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

Oth

er a

uxili

ary

finan

cial

se

rvic

es

Cre

dit c

ard

serv

ices

(C

PC

811

33)

(Mob

ilizi

ng f

unds

from

the

pu

blic

is p

rohi

bite

d u

nles

s lic

ense

d un

der

a fin

anci

al

law

)

1) N

one

2) N

one

3) a

) A

s in

dica

ted

in B

3)(

h)

abov

e

b)

Fin

anci

al in

stitu

tions

mus

t obt

ain

prio

r ap

prov

al f

rom

the

Ban

k of

T

haila

nd

1) N

one

2) N

one

3) N

o lim

itatio

n as

long

as

fore

ign

equi

ty

part

icip

atio

n do

es n

ot e

xcee

d 49

per

ce

nt

4) A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

4) N

one

12

--

TH

AIL

AN

D

S

CH

ED

ULE

OF

SP

EC

IFIC

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MM

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TS

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INA

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ER

VIC

ES

UN

DE

RA

FA

S

-_ -

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Se

cto

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ita

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nt

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dit

lon

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om

mlt

me

n

ts

Fin

anci

al c

onsu

ltanc

y se

rvic

es

(CP

C 8

1332

)

1) U

nbou

nd

2) N

one

3) N

one

othe

r th

an t

hat

indi

cate

d in

the

ho

rizon

tal s

ectio

n

4)

As

indi

cate

d in

the

hor

izon

tal s

ectio

n

1) N

one

2) N

one

3) N

o lim

itatio

n as

long

as

fore

ign

equi

ty

part

icip

atio

n do

es n

ot e

xcee

d 4

9 p

er

cent

4)

Non

e

-shy

bull 13

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

ord

er

supp

ly

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onsu

mpt

ion

abro

ad

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omm

erci

al p

rese

nce

4)

Presenc~ o

f nat

ural

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on

s---_

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Sec

toro

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imit

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nso

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ess

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itat

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ion

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reat

men

t A

dd

itio

nal

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mm

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ts

Tha

iland

de

em

s ap

prop

riat

e

Th

e B

ank

of T

haila

nd m

ay

perm

it a

prop

ortio

n o

f non

-Tha

i na

tiona

lity

dir

ect

ors

of m

ore

than

one

-qua

rter

s b

ut s

hall

not

reac

h on

e h

alf

of t

he

tot

al

nu

mb

er

of d

irec

tors

(ii

i) In

the

cas

e w

he

re it

is

nece

ssar

y to

rec

tify

the

op

erat

ion

or

to s

tren

gthe

n th

e st

abili

ty o

f an

y lo

cally

in

corp

orat

ed b

an

k o

r fo

r th

e pu

rpos

e o

f th

e fi

nanc

ial

inst

itutio

n sy

stem

sta

bilit

y t

he

Fin

ance

Min

iste

r w

ith t

he

re

com

men

datio

n o

f th

e B

ank

of

Tha

iland

sha

ll h

ave

th

e p

ower

to

rel

ax t

he

re

qu

ire

me

nt

of t

he

dire

ctor

ship

oth

er

than

tho

se

pres

crib

ed in

(c)

III

(ii)

abov

e

Suc

h re

laxa

tion

ma

y be

gr

ante

d w

ith r

ule

an

d t

ime

clau

se

d) F

inan

cial

leas

ing

serv

ice

s

Can

onl

y be

pro

vide

d by

lea

sing

co

mpa

nies

whi

ch a

re s

ub

ject

to

max

imum

for

eign

eq

uity

par

ticip

atio

n o

f 49

per

cent

of p

aid

-up

reg

iste

red

capi

tal

or

by f

inan

ce c

om

pa

nie

s w

hich

are

sub

ject

to

ma

xim

um

fo

reig

n eq

uity

par

ticip

atio

n o

f 25

per

ce

nt o

f pai

d-up

reg

iste

red

capi

tal

d) F

inan

cial

leas

ing

serv

ices

Non

e

8

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

orde

r su

pply

2)

Con

sum

ptio

n ab

road

3)

Com

mer

cial

pre

senc

e 4)

P

rese

nce

of n

atur

al p

erso

ns

Sec

toro

rSu

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cto

r L

imit

atio

nso

nM

arke

tAcc

ess

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itat

ion

son

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ion

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reat

men

t A

dd

itio

nal

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mm

itm

en

ts

e) F

acto

ring

serv

ices

e)

Fac

torin

g se

rvic

es

Can

onl

y b

e pr

ovid

ed b

y fa

ctor

ing

com

pani

es w

hich

are

sub

ject

to

max

imum

for

eign

equ

ity p

artic

ipat

ion

of 4

9 pe

r cen

t of

pai

d-up

reg

iste

red

capi

tal

or

by fi

nanc

e co

mpa

nies

w

hich

are

sub

ject

to m

axim

um

fore

ign

equi

ty p

artic

ipat

ion

of 2

5 pe

r ce

nt o

f pai

d-up

reg

iste

red

capi

tal

Non

e

f)

Cre

dit

char

ge a

nd d

ebit

card

s f)

Cre

dit

char

ge a

nd d

ebit

card

s

Cre

dit

char

ge a

nd d

ebit

card

s ca

n on

ly b

e pr

ovid

ed b

y co

mpa

nies

w

hich

are

sub

ject

to

max

imum

fo

reig

n eq

uity

par

ticip

atio

n o

f 49

perc

ent

of p

aid-

up r

egis

tere

d ca

pita

l or

loca

lly in

corp

orat

ed b

an

ks a

nd

fore

ign

bank

bra

nche

s

Non

e

The

con

duct

of b

usin

esse

s un

der

d)

e) a

nd f)

will

be

subj

ect t

o lic

enS

ing

and

regu

latio

ns t

o b

e an

noun

ced

4)

For

ban

ks

repr

esen

tativ

e of

fices

and

fin

ance

com

pani

es

no q

uant

itativ

e lim

it ap

plie

s fo

r A

SE

AN

nat

iona

ls

App

rova

l sha

ll be

gra

nted

bas

ed o

n fo

reig

n se

rvic

es p

rovi

ders

bus

ines

s pl

ans

and

need

s

I 4)

Non

e

9

I

TH

AIL

AN

D

SC

HE

DU

LEO

FS

PE

CIF

ICC

OM

MIT

ME

NT

SF

OR

FIN

AN

CIA

LSE

RV

ICE

SU

NO

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

orde

r su

pply

2)

Con

sum

ptio

n ab

road

3)

Com

mer

cial

pre

senc

e 4)

P

rese

nce

of

natu

ral p

erso

ns

ii

Se

cto

rorS

ub

sect

or

Li m

itatio

nso

nM

ark

etA

cce

ss i

Lim

itatio

nso

nN

atio

na

lTre

atm

en

t A

dd

itio

na

lCo

mm

itm

en

ts

For

Sec

uriti

es C

ompa

nies

5

-se

curit

ies

brok

erag

e an

d de

alin

g -

deriv

ativ

es b

roke

rage

and

de

alin

g -

secu

ritie

s bo

rrow

ing

and

lend

ing

Tra

ding

for

ow

n ac

coun

t o

r fo

r ac

coun

t of c

usto

mer

s in

th

e fo

llow

ing

(C

) de

rivat

ive

prod

ucts

inc

l

but n

ot li

mite

d to

fu

ture

s an

d op

tions

(E

) tr

ansf

erab

le s

ecur

ities

1)

Unb

ound

2)

Non

e

3)

Unb

ound

exc

ept

I F

or r

epre

sent

ativ

e of

fices

no

ne

II F

or li

cens

ed s

ecur

ities

com

pany

fo

reig

n eq

uity

par

ticip

atio

n ca

n b

e

allo

wed

up

to 1

00 p

erce

nt o

fpai

d-up

ca

pita

l

4)

As

indi

cate

d in

the

hor

izon

tal s

ectio

n

1)

Non

e

2) N

one

3) N

one

4) A

s in

dica

ted

in t

he

hor

izon

tal s

ectio

n

For

Sec

uriti

es C

ompa

nies

tl

Sec

uriti

es U

nder

writ

ing

I 1)

Unb

ound

1)

N

one

Par

ticip

atio

n in

iss

ues

of a

ll ki

nds

of s

ecur

ities

in

clud

ing

I 2)

Non

e 2)

Non

e

unde

rwrit

ing

and

plac

emen

t as

age

nts

(whe

ther

pub

licly

or

priv

atel

y) a

nd p

rovi

sion

of

serv

ices

rel

ated

to

suc

h is

sues

I 3)

Unb

ound

exc

ept

I I

For

rep

rese

ntat

ive

offic

es

none

II F

or li

cens

ed s

ecur

ities

com

pany

fo

reig

n eq

uity

par

ticip

atio

n ca

n be

al

low

ed u

p to

100

per

cent

of p

aid-

up

capi

tal

3) N

one

41A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

4)

A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

6Sec

uriti

es c

ompa

nies

mea

n se

curit

ies

com

pani

es w

hich

are

not

com

mer

cial

ban

ks a

nd in

sura

nce

com

pani

es

10

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mo

de

s o

f Sllp

plL

1) G

ross-b()

rcj~

r su

pply

2)

Con

sulT

lptio

n ab

road

3)

Com

mer

cial

pre

senc

e 4)

P

rese

nce

of

natu

ral p

erso

ns

I S

ecto

rorS

ub

sect

or

Lim

itat

ion

son

Mar

ketA

cces

s L

imit

atio

nso

nN

atio

nal

Tre

atm

ent

Ad

dit

ion

alC

om

mit

men

ts

F

orA

sset

Ma

na

ge

me

nt

Com

pani

es

-m

utua

l fun

d m

an

ag

em

en

t -

priv

ate

fund

ma

na

ge

me

nt

I 1)

Un

bo

un

d

1)

Non

e

-de

riva

tives

fund

m

an

ag

em

en

t I 2

) N

on

e

2)

Non

e

-ve

ntur

e ca

pita

l man

agem

ent

Ass

et

ma

na

ge

me

nt

I 3)

Un

bo

un

d e

xcep

t

I F

or

repr

esen

tativ

e of

fices

n

on

e

II F

or

ass

et m

an

ag

em

en

t com

pani

es

fore

ign

equi

ty p

artic

ipat

ion

can

be

allo

we

d u

p to

100

per

cent

ofp

aid-

up

capi

tal

How

ever

du

ring

the

firs

t fiv

e

year

saft

er th

e lic

ense

has

bee

n gr

ante

d a

t le

ast 5

0 pe

rcen

t o

f th

e

paid

-up

capi

tal o

f th

ea

sse

t m

an

ag

em

en

t com

pany

mu

st b

e h

eld

by

finan

cial

inst

itutio

nses

tabl

ishe

d u

nd

er

Tha

i la

w7

3)

Non

e

For

Sec

uriti

es C

ompa

nies

tl

4A

s in

dic

ate

d in

the

hor

izon

tal s

ectio

n

4) A

s in

dica

ted

in t

he

hor

izon

tal s

ectio

n

Adv

isor

y I

nter

med

iatio

n an

d O

the

r Aux

iliar

y F

inan

cial

I 1

) U

nb

ou

nd

1)

N

one

Ser

vice

s

Inve

stm

en

t Adv

iSO

ry

I 2

No

ne

2)

N

one

7Fin

anci

al in

stitu

tions

esta

blis

hed

unde

r Tha

i law

s in

this

sec

tion

mea

n se

curit

ies

com

pani

es

com

mer

cial

ban

ks

life

insu

ranc

e co

mpa

nies

an

d sp

ecia

lized

fina

ncia

l in

stitu

tions

est

ablis

hed

unde

r spe

cific

law

s

11

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

pl

Sec

toro

rSu

bse

cto

r

1lGr

oss-

bltl

rd~r

sup

ply

2) C

onsu

mpt

ion

abro

ad

lim

itat

ion

son

Mar

ketA

cces

s

3) C

omm

erci

al p

rese

nce

4)

Pre

senc

e o

f nat

ural

per

sons

lim

itat

ion

son

Nat

ion

alT

reat

men

t A

dd

itio

nal

Co

mm

itm

en

ts

3)

Unb

ound

exc

ept

I F

or r

epre

sent

ativ

e of

fices

no

ne

3)

Non

e

II F

or s

ecur

ities

com

pani

es

a)

fore

ign

equi

ty p

artic

ipat

ion

can

be a

llow

ed u

p to

100

per

cent

o

f pai

d-up

cap

ital

b)

Lice

nse

may

be

gra

nted

to

finan

cial

inst

itutio

ns li

cens

ed

unde

r T

hai L

aws

and

a li

mite

d co

mpa

ny w

hich

is n

ewly

es

tabl

ishe

d

4)A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

4)

A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

Oth

er a

uxili

ary

finan

cial

se

rvic

es

Cre

dit c

ard

serv

ices

(C

PC

811

33)

(Mob

ilizi

ng f

unds

from

the

pu

blic

is p

rohi

bite

d u

nles

s lic

ense

d un

der

a fin

anci

al

law

)

1) N

one

2) N

one

3) a

) A

s in

dica

ted

in B

3)(

h)

abov

e

b)

Fin

anci

al in

stitu

tions

mus

t obt

ain

prio

r ap

prov

al f

rom

the

Ban

k of

T

haila

nd

1) N

one

2) N

one

3) N

o lim

itatio

n as

long

as

fore

ign

equi

ty

part

icip

atio

n do

es n

ot e

xcee

d 49

per

ce

nt

4) A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

4) N

one

12

--

TH

AIL

AN

D

S

CH

ED

ULE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IALS

ER

VIC

ES

UN

DE

RA

FA

S

-_ -

-__

__

--

-__

__ -_

--

--

_

_

_

_ _

_---

__

-_

_

-_

_

-__

_-

_

-_

--

_

_-_

_--__

--_

-

Se

cto

rorS

ub

sect

or

Lim

ita

tio

nso

nM

ark

etA

cce

ss

Lim

ita

tio

nso

nN

ati

on

alT

rea

tme

nt

Ad

dit

lon

alC

om

mlt

me

n

ts

Fin

anci

al c

onsu

ltanc

y se

rvic

es

(CP

C 8

1332

)

1) U

nbou

nd

2) N

one

3) N

one

othe

r th

an t

hat

indi

cate

d in

the

ho

rizon

tal s

ectio

n

4)

As

indi

cate

d in

the

hor

izon

tal s

ectio

n

1) N

one

2) N

one

3) N

o lim

itatio

n as

long

as

fore

ign

equi

ty

part

icip

atio

n do

es n

ot e

xcee

d 4

9 p

er

cent

4)

Non

e

-shy

bull 13

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

orde

r su

pply

2)

Con

sum

ptio

n ab

road

3)

Com

mer

cial

pre

senc

e 4)

P

rese

nce

of n

atur

al p

erso

ns

Sec

toro

rSu

bse

cto

r L

imit

atio

nso

nM

arke

tAcc

ess

Lim

itat

ion

son

Nat

ion

alT

reat

men

t A

dd

itio

nal

Co

mm

itm

en

ts

e) F

acto

ring

serv

ices

e)

Fac

torin

g se

rvic

es

Can

onl

y b

e pr

ovid

ed b

y fa

ctor

ing

com

pani

es w

hich

are

sub

ject

to

max

imum

for

eign

equ

ity p

artic

ipat

ion

of 4

9 pe

r cen

t of

pai

d-up

reg

iste

red

capi

tal

or

by fi

nanc

e co

mpa

nies

w

hich

are

sub

ject

to m

axim

um

fore

ign

equi

ty p

artic

ipat

ion

of 2

5 pe

r ce

nt o

f pai

d-up

reg

iste

red

capi

tal

Non

e

f)

Cre

dit

char

ge a

nd d

ebit

card

s f)

Cre

dit

char

ge a

nd d

ebit

card

s

Cre

dit

char

ge a

nd d

ebit

card

s ca

n on

ly b

e pr

ovid

ed b

y co

mpa

nies

w

hich

are

sub

ject

to

max

imum

fo

reig

n eq

uity

par

ticip

atio

n o

f 49

perc

ent

of p

aid-

up r

egis

tere

d ca

pita

l or

loca

lly in

corp

orat

ed b

an

ks a

nd

fore

ign

bank

bra

nche

s

Non

e

The

con

duct

of b

usin

esse

s un

der

d)

e) a

nd f)

will

be

subj

ect t

o lic

enS

ing

and

regu

latio

ns t

o b

e an

noun

ced

4)

For

ban

ks

repr

esen

tativ

e of

fices

and

fin

ance

com

pani

es

no q

uant

itativ

e lim

it ap

plie

s fo

r A

SE

AN

nat

iona

ls

App

rova

l sha

ll be

gra

nted

bas

ed o

n fo

reig

n se

rvic

es p

rovi

ders

bus

ines

s pl

ans

and

need

s

I 4)

Non

e

9

I

TH

AIL

AN

D

SC

HE

DU

LEO

FS

PE

CIF

ICC

OM

MIT

ME

NT

SF

OR

FIN

AN

CIA

LSE

RV

ICE

SU

NO

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

orde

r su

pply

2)

Con

sum

ptio

n ab

road

3)

Com

mer

cial

pre

senc

e 4)

P

rese

nce

of

natu

ral p

erso

ns

ii

Se

cto

rorS

ub

sect

or

Li m

itatio

nso

nM

ark

etA

cce

ss i

Lim

itatio

nso

nN

atio

na

lTre

atm

en

t A

dd

itio

na

lCo

mm

itm

en

ts

For

Sec

uriti

es C

ompa

nies

5

-se

curit

ies

brok

erag

e an

d de

alin

g -

deriv

ativ

es b

roke

rage

and

de

alin

g -

secu

ritie

s bo

rrow

ing

and

lend

ing

Tra

ding

for

ow

n ac

coun

t o

r fo

r ac

coun

t of c

usto

mer

s in

th

e fo

llow

ing

(C

) de

rivat

ive

prod

ucts

inc

l

but n

ot li

mite

d to

fu

ture

s an

d op

tions

(E

) tr

ansf

erab

le s

ecur

ities

1)

Unb

ound

2)

Non

e

3)

Unb

ound

exc

ept

I F

or r

epre

sent

ativ

e of

fices

no

ne

II F

or li

cens

ed s

ecur

ities

com

pany

fo

reig

n eq

uity

par

ticip

atio

n ca

n b

e

allo

wed

up

to 1

00 p

erce

nt o

fpai

d-up

ca

pita

l

4)

As

indi

cate

d in

the

hor

izon

tal s

ectio

n

1)

Non

e

2) N

one

3) N

one

4) A

s in

dica

ted

in t

he

hor

izon

tal s

ectio

n

For

Sec

uriti

es C

ompa

nies

tl

Sec

uriti

es U

nder

writ

ing

I 1)

Unb

ound

1)

N

one

Par

ticip

atio

n in

iss

ues

of a

ll ki

nds

of s

ecur

ities

in

clud

ing

I 2)

Non

e 2)

Non

e

unde

rwrit

ing

and

plac

emen

t as

age

nts

(whe

ther

pub

licly

or

priv

atel

y) a

nd p

rovi

sion

of

serv

ices

rel

ated

to

suc

h is

sues

I 3)

Unb

ound

exc

ept

I I

For

rep

rese

ntat

ive

offic

es

none

II F

or li

cens

ed s

ecur

ities

com

pany

fo

reig

n eq

uity

par

ticip

atio

n ca

n be

al

low

ed u

p to

100

per

cent

of p

aid-

up

capi

tal

3) N

one

41A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

4)

A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

6Sec

uriti

es c

ompa

nies

mea

n se

curit

ies

com

pani

es w

hich

are

not

com

mer

cial

ban

ks a

nd in

sura

nce

com

pani

es

10

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mo

de

s o

f Sllp

plL

1) G

ross-b()

rcj~

r su

pply

2)

Con

sulT

lptio

n ab

road

3)

Com

mer

cial

pre

senc

e 4)

P

rese

nce

of

natu

ral p

erso

ns

I S

ecto

rorS

ub

sect

or

Lim

itat

ion

son

Mar

ketA

cces

s L

imit

atio

nso

nN

atio

nal

Tre

atm

ent

Ad

dit

ion

alC

om

mit

men

ts

F

orA

sset

Ma

na

ge

me

nt

Com

pani

es

-m

utua

l fun

d m

an

ag

em

en

t -

priv

ate

fund

ma

na

ge

me

nt

I 1)

Un

bo

un

d

1)

Non

e

-de

riva

tives

fund

m

an

ag

em

en

t I 2

) N

on

e

2)

Non

e

-ve

ntur

e ca

pita

l man

agem

ent

Ass

et

ma

na

ge

me

nt

I 3)

Un

bo

un

d e

xcep

t

I F

or

repr

esen

tativ

e of

fices

n

on

e

II F

or

ass

et m

an

ag

em

en

t com

pani

es

fore

ign

equi

ty p

artic

ipat

ion

can

be

allo

we

d u

p to

100

per

cent

ofp

aid-

up

capi

tal

How

ever

du

ring

the

firs

t fiv

e

year

saft

er th

e lic

ense

has

bee

n gr

ante

d a

t le

ast 5

0 pe

rcen

t o

f th

e

paid

-up

capi

tal o

f th

ea

sse

t m

an

ag

em

en

t com

pany

mu

st b

e h

eld

by

finan

cial

inst

itutio

nses

tabl

ishe

d u

nd

er

Tha

i la

w7

3)

Non

e

For

Sec

uriti

es C

ompa

nies

tl

4A

s in

dic

ate

d in

the

hor

izon

tal s

ectio

n

4) A

s in

dica

ted

in t

he

hor

izon

tal s

ectio

n

Adv

isor

y I

nter

med

iatio

n an

d O

the

r Aux

iliar

y F

inan

cial

I 1

) U

nb

ou

nd

1)

N

one

Ser

vice

s

Inve

stm

en

t Adv

iSO

ry

I 2

No

ne

2)

N

one

7Fin

anci

al in

stitu

tions

esta

blis

hed

unde

r Tha

i law

s in

this

sec

tion

mea

n se

curit

ies

com

pani

es

com

mer

cial

ban

ks

life

insu

ranc

e co

mpa

nies

an

d sp

ecia

lized

fina

ncia

l in

stitu

tions

est

ablis

hed

unde

r spe

cific

law

s

11

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

pl

Sec

toro

rSu

bse

cto

r

1lGr

oss-

bltl

rd~r

sup

ply

2) C

onsu

mpt

ion

abro

ad

lim

itat

ion

son

Mar

ketA

cces

s

3) C

omm

erci

al p

rese

nce

4)

Pre

senc

e o

f nat

ural

per

sons

lim

itat

ion

son

Nat

ion

alT

reat

men

t A

dd

itio

nal

Co

mm

itm

en

ts

3)

Unb

ound

exc

ept

I F

or r

epre

sent

ativ

e of

fices

no

ne

3)

Non

e

II F

or s

ecur

ities

com

pani

es

a)

fore

ign

equi

ty p

artic

ipat

ion

can

be a

llow

ed u

p to

100

per

cent

o

f pai

d-up

cap

ital

b)

Lice

nse

may

be

gra

nted

to

finan

cial

inst

itutio

ns li

cens

ed

unde

r T

hai L

aws

and

a li

mite

d co

mpa

ny w

hich

is n

ewly

es

tabl

ishe

d

4)A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

4)

A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

Oth

er a

uxili

ary

finan

cial

se

rvic

es

Cre

dit c

ard

serv

ices

(C

PC

811

33)

(Mob

ilizi

ng f

unds

from

the

pu

blic

is p

rohi

bite

d u

nles

s lic

ense

d un

der

a fin

anci

al

law

)

1) N

one

2) N

one

3) a

) A

s in

dica

ted

in B

3)(

h)

abov

e

b)

Fin

anci

al in

stitu

tions

mus

t obt

ain

prio

r ap

prov

al f

rom

the

Ban

k of

T

haila

nd

1) N

one

2) N

one

3) N

o lim

itatio

n as

long

as

fore

ign

equi

ty

part

icip

atio

n do

es n

ot e

xcee

d 49

per

ce

nt

4) A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

4) N

one

12

--

TH

AIL

AN

D

S

CH

ED

ULE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IALS

ER

VIC

ES

UN

DE

RA

FA

S

-_ -

-__

__

--

-__

__ -_

--

--

_

_

_

_ _

_---

__

-_

_

-_

_

-__

_-

_

-_

--

_

_-_

_--__

--_

-

Se

cto

rorS

ub

sect

or

Lim

ita

tio

nso

nM

ark

etA

cce

ss

Lim

ita

tio

nso

nN

ati

on

alT

rea

tme

nt

Ad

dit

lon

alC

om

mlt

me

n

ts

Fin

anci

al c

onsu

ltanc

y se

rvic

es

(CP

C 8

1332

)

1) U

nbou

nd

2) N

one

3) N

one

othe

r th

an t

hat

indi

cate

d in

the

ho

rizon

tal s

ectio

n

4)

As

indi

cate

d in

the

hor

izon

tal s

ectio

n

1) N

one

2) N

one

3) N

o lim

itatio

n as

long

as

fore

ign

equi

ty

part

icip

atio

n do

es n

ot e

xcee

d 4

9 p

er

cent

4)

Non

e

-shy

bull 13

TH

AIL

AN

D

SC

HE

DU

LEO

FS

PE

CIF

ICC

OM

MIT

ME

NT

SF

OR

FIN

AN

CIA

LSE

RV

ICE

SU

NO

ER

AF

AS

Mod

es o

f Sup

ply

1)

Cro

ss-b

orde

r su

pply

2)

Con

sum

ptio

n ab

road

3)

Com

mer

cial

pre

senc

e 4)

P

rese

nce

of

natu

ral p

erso

ns

ii

Se

cto

rorS

ub

sect

or

Li m

itatio

nso

nM

ark

etA

cce

ss i

Lim

itatio

nso

nN

atio

na

lTre

atm

en

t A

dd

itio

na

lCo

mm

itm

en

ts

For

Sec

uriti

es C

ompa

nies

5

-se

curit

ies

brok

erag

e an

d de

alin

g -

deriv

ativ

es b

roke

rage

and

de

alin

g -

secu

ritie

s bo

rrow

ing

and

lend

ing

Tra

ding

for

ow

n ac

coun

t o

r fo

r ac

coun

t of c

usto

mer

s in

th

e fo

llow

ing

(C

) de

rivat

ive

prod

ucts

inc

l

but n

ot li

mite

d to

fu

ture

s an

d op

tions

(E

) tr

ansf

erab

le s

ecur

ities

1)

Unb

ound

2)

Non

e

3)

Unb

ound

exc

ept

I F

or r

epre

sent

ativ

e of

fices

no

ne

II F

or li

cens

ed s

ecur

ities

com

pany

fo

reig

n eq

uity

par

ticip

atio

n ca

n b

e

allo

wed

up

to 1

00 p

erce

nt o

fpai

d-up

ca

pita

l

4)

As

indi

cate

d in

the

hor

izon

tal s

ectio

n

1)

Non

e

2) N

one

3) N

one

4) A

s in

dica

ted

in t

he

hor

izon

tal s

ectio

n

For

Sec

uriti

es C

ompa

nies

tl

Sec

uriti

es U

nder

writ

ing

I 1)

Unb

ound

1)

N

one

Par

ticip

atio

n in

iss

ues

of a

ll ki

nds

of s

ecur

ities

in

clud

ing

I 2)

Non

e 2)

Non

e

unde

rwrit

ing

and

plac

emen

t as

age

nts

(whe

ther

pub

licly

or

priv

atel

y) a

nd p

rovi

sion

of

serv

ices

rel

ated

to

suc

h is

sues

I 3)

Unb

ound

exc

ept

I I

For

rep

rese

ntat

ive

offic

es

none

II F

or li

cens

ed s

ecur

ities

com

pany

fo

reig

n eq

uity

par

ticip

atio

n ca

n be

al

low

ed u

p to

100

per

cent

of p

aid-

up

capi

tal

3) N

one

41A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

4)

A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

6Sec

uriti

es c

ompa

nies

mea

n se

curit

ies

com

pani

es w

hich

are

not

com

mer

cial

ban

ks a

nd in

sura

nce

com

pani

es

10

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mo

de

s o

f Sllp

plL

1) G

ross-b()

rcj~

r su

pply

2)

Con

sulT

lptio

n ab

road

3)

Com

mer

cial

pre

senc

e 4)

P

rese

nce

of

natu

ral p

erso

ns

I S

ecto

rorS

ub

sect

or

Lim

itat

ion

son

Mar

ketA

cces

s L

imit

atio

nso

nN

atio

nal

Tre

atm

ent

Ad

dit

ion

alC

om

mit

men

ts

F

orA

sset

Ma

na

ge

me

nt

Com

pani

es

-m

utua

l fun

d m

an

ag

em

en

t -

priv

ate

fund

ma

na

ge

me

nt

I 1)

Un

bo

un

d

1)

Non

e

-de

riva

tives

fund

m

an

ag

em

en

t I 2

) N

on

e

2)

Non

e

-ve

ntur

e ca

pita

l man

agem

ent

Ass

et

ma

na

ge

me

nt

I 3)

Un

bo

un

d e

xcep

t

I F

or

repr

esen

tativ

e of

fices

n

on

e

II F

or

ass

et m

an

ag

em

en

t com

pani

es

fore

ign

equi

ty p

artic

ipat

ion

can

be

allo

we

d u

p to

100

per

cent

ofp

aid-

up

capi

tal

How

ever

du

ring

the

firs

t fiv

e

year

saft

er th

e lic

ense

has

bee

n gr

ante

d a

t le

ast 5

0 pe

rcen

t o

f th

e

paid

-up

capi

tal o

f th

ea

sse

t m

an

ag

em

en

t com

pany

mu

st b

e h

eld

by

finan

cial

inst

itutio

nses

tabl

ishe

d u

nd

er

Tha

i la

w7

3)

Non

e

For

Sec

uriti

es C

ompa

nies

tl

4A

s in

dic

ate

d in

the

hor

izon

tal s

ectio

n

4) A

s in

dica

ted

in t

he

hor

izon

tal s

ectio

n

Adv

isor

y I

nter

med

iatio

n an

d O

the

r Aux

iliar

y F

inan

cial

I 1

) U

nb

ou

nd

1)

N

one

Ser

vice

s

Inve

stm

en

t Adv

iSO

ry

I 2

No

ne

2)

N

one

7Fin

anci

al in

stitu

tions

esta

blis

hed

unde

r Tha

i law

s in

this

sec

tion

mea

n se

curit

ies

com

pani

es

com

mer

cial

ban

ks

life

insu

ranc

e co

mpa

nies

an

d sp

ecia

lized

fina

ncia

l in

stitu

tions

est

ablis

hed

unde

r spe

cific

law

s

11

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

pl

Sec

toro

rSu

bse

cto

r

1lGr

oss-

bltl

rd~r

sup

ply

2) C

onsu

mpt

ion

abro

ad

lim

itat

ion

son

Mar

ketA

cces

s

3) C

omm

erci

al p

rese

nce

4)

Pre

senc

e o

f nat

ural

per

sons

lim

itat

ion

son

Nat

ion

alT

reat

men

t A

dd

itio

nal

Co

mm

itm

en

ts

3)

Unb

ound

exc

ept

I F

or r

epre

sent

ativ

e of

fices

no

ne

3)

Non

e

II F

or s

ecur

ities

com

pani

es

a)

fore

ign

equi

ty p

artic

ipat

ion

can

be a

llow

ed u

p to

100

per

cent

o

f pai

d-up

cap

ital

b)

Lice

nse

may

be

gra

nted

to

finan

cial

inst

itutio

ns li

cens

ed

unde

r T

hai L

aws

and

a li

mite

d co

mpa

ny w

hich

is n

ewly

es

tabl

ishe

d

4)A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

4)

A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

Oth

er a

uxili

ary

finan

cial

se

rvic

es

Cre

dit c

ard

serv

ices

(C

PC

811

33)

(Mob

ilizi

ng f

unds

from

the

pu

blic

is p

rohi

bite

d u

nles

s lic

ense

d un

der

a fin

anci

al

law

)

1) N

one

2) N

one

3) a

) A

s in

dica

ted

in B

3)(

h)

abov

e

b)

Fin

anci

al in

stitu

tions

mus

t obt

ain

prio

r ap

prov

al f

rom

the

Ban

k of

T

haila

nd

1) N

one

2) N

one

3) N

o lim

itatio

n as

long

as

fore

ign

equi

ty

part

icip

atio

n do

es n

ot e

xcee

d 49

per

ce

nt

4) A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

4) N

one

12

--

TH

AIL

AN

D

S

CH

ED

ULE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IALS

ER

VIC

ES

UN

DE

RA

FA

S

-_ -

-__

__

--

-__

__ -_

--

--

_

_

_

_ _

_---

__

-_

_

-_

_

-__

_-

_

-_

--

_

_-_

_--__

--_

-

Se

cto

rorS

ub

sect

or

Lim

ita

tio

nso

nM

ark

etA

cce

ss

Lim

ita

tio

nso

nN

ati

on

alT

rea

tme

nt

Ad

dit

lon

alC

om

mlt

me

n

ts

Fin

anci

al c

onsu

ltanc

y se

rvic

es

(CP

C 8

1332

)

1) U

nbou

nd

2) N

one

3) N

one

othe

r th

an t

hat

indi

cate

d in

the

ho

rizon

tal s

ectio

n

4)

As

indi

cate

d in

the

hor

izon

tal s

ectio

n

1) N

one

2) N

one

3) N

o lim

itatio

n as

long

as

fore

ign

equi

ty

part

icip

atio

n do

es n

ot e

xcee

d 4

9 p

er

cent

4)

Non

e

-shy

bull 13

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mo

de

s o

f Sllp

plL

1) G

ross-b()

rcj~

r su

pply

2)

Con

sulT

lptio

n ab

road

3)

Com

mer

cial

pre

senc

e 4)

P

rese

nce

of

natu

ral p

erso

ns

I S

ecto

rorS

ub

sect

or

Lim

itat

ion

son

Mar

ketA

cces

s L

imit

atio

nso

nN

atio

nal

Tre

atm

ent

Ad

dit

ion

alC

om

mit

men

ts

F

orA

sset

Ma

na

ge

me

nt

Com

pani

es

-m

utua

l fun

d m

an

ag

em

en

t -

priv

ate

fund

ma

na

ge

me

nt

I 1)

Un

bo

un

d

1)

Non

e

-de

riva

tives

fund

m

an

ag

em

en

t I 2

) N

on

e

2)

Non

e

-ve

ntur

e ca

pita

l man

agem

ent

Ass

et

ma

na

ge

me

nt

I 3)

Un

bo

un

d e

xcep

t

I F

or

repr

esen

tativ

e of

fices

n

on

e

II F

or

ass

et m

an

ag

em

en

t com

pani

es

fore

ign

equi

ty p

artic

ipat

ion

can

be

allo

we

d u

p to

100

per

cent

ofp

aid-

up

capi

tal

How

ever

du

ring

the

firs

t fiv

e

year

saft

er th

e lic

ense

has

bee

n gr

ante

d a

t le

ast 5

0 pe

rcen

t o

f th

e

paid

-up

capi

tal o

f th

ea

sse

t m

an

ag

em

en

t com

pany

mu

st b

e h

eld

by

finan

cial

inst

itutio

nses

tabl

ishe

d u

nd

er

Tha

i la

w7

3)

Non

e

For

Sec

uriti

es C

ompa

nies

tl

4A

s in

dic

ate

d in

the

hor

izon

tal s

ectio

n

4) A

s in

dica

ted

in t

he

hor

izon

tal s

ectio

n

Adv

isor

y I

nter

med

iatio

n an

d O

the

r Aux

iliar

y F

inan

cial

I 1

) U

nb

ou

nd

1)

N

one

Ser

vice

s

Inve

stm

en

t Adv

iSO

ry

I 2

No

ne

2)

N

one

7Fin

anci

al in

stitu

tions

esta

blis

hed

unde

r Tha

i law

s in

this

sec

tion

mea

n se

curit

ies

com

pani

es

com

mer

cial

ban

ks

life

insu

ranc

e co

mpa

nies

an

d sp

ecia

lized

fina

ncia

l in

stitu

tions

est

ablis

hed

unde

r spe

cific

law

s

11

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

pl

Sec

toro

rSu

bse

cto

r

1lGr

oss-

bltl

rd~r

sup

ply

2) C

onsu

mpt

ion

abro

ad

lim

itat

ion

son

Mar

ketA

cces

s

3) C

omm

erci

al p

rese

nce

4)

Pre

senc

e o

f nat

ural

per

sons

lim

itat

ion

son

Nat

ion

alT

reat

men

t A

dd

itio

nal

Co

mm

itm

en

ts

3)

Unb

ound

exc

ept

I F

or r

epre

sent

ativ

e of

fices

no

ne

3)

Non

e

II F

or s

ecur

ities

com

pani

es

a)

fore

ign

equi

ty p

artic

ipat

ion

can

be a

llow

ed u

p to

100

per

cent

o

f pai

d-up

cap

ital

b)

Lice

nse

may

be

gra

nted

to

finan

cial

inst

itutio

ns li

cens

ed

unde

r T

hai L

aws

and

a li

mite

d co

mpa

ny w

hich

is n

ewly

es

tabl

ishe

d

4)A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

4)

A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

Oth

er a

uxili

ary

finan

cial

se

rvic

es

Cre

dit c

ard

serv

ices

(C

PC

811

33)

(Mob

ilizi

ng f

unds

from

the

pu

blic

is p

rohi

bite

d u

nles

s lic

ense

d un

der

a fin

anci

al

law

)

1) N

one

2) N

one

3) a

) A

s in

dica

ted

in B

3)(

h)

abov

e

b)

Fin

anci

al in

stitu

tions

mus

t obt

ain

prio

r ap

prov

al f

rom

the

Ban

k of

T

haila

nd

1) N

one

2) N

one

3) N

o lim

itatio

n as

long

as

fore

ign

equi

ty

part

icip

atio

n do

es n

ot e

xcee

d 49

per

ce

nt

4) A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

4) N

one

12

--

TH

AIL

AN

D

S

CH

ED

ULE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IALS

ER

VIC

ES

UN

DE

RA

FA

S

-_ -

-__

__

--

-__

__ -_

--

--

_

_

_

_ _

_---

__

-_

_

-_

_

-__

_-

_

-_

--

_

_-_

_--__

--_

-

Se

cto

rorS

ub

sect

or

Lim

ita

tio

nso

nM

ark

etA

cce

ss

Lim

ita

tio

nso

nN

ati

on

alT

rea

tme

nt

Ad

dit

lon

alC

om

mlt

me

n

ts

Fin

anci

al c

onsu

ltanc

y se

rvic

es

(CP

C 8

1332

)

1) U

nbou

nd

2) N

one

3) N

one

othe

r th

an t

hat

indi

cate

d in

the

ho

rizon

tal s

ectio

n

4)

As

indi

cate

d in

the

hor

izon

tal s

ectio

n

1) N

one

2) N

one

3) N

o lim

itatio

n as

long

as

fore

ign

equi

ty

part

icip

atio

n do

es n

ot e

xcee

d 4

9 p

er

cent

4)

Non

e

-shy

bull 13

TH

AIL

AN

D

SC

HE

DU

LE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IAL

SE

RV

ICE

SU

ND

ER

AF

AS

Mod

es o

f Sup

pl

Sec

toro

rSu

bse

cto

r

1lGr

oss-

bltl

rd~r

sup

ply

2) C

onsu

mpt

ion

abro

ad

lim

itat

ion

son

Mar

ketA

cces

s

3) C

omm

erci

al p

rese

nce

4)

Pre

senc

e o

f nat

ural

per

sons

lim

itat

ion

son

Nat

ion

alT

reat

men

t A

dd

itio

nal

Co

mm

itm

en

ts

3)

Unb

ound

exc

ept

I F

or r

epre

sent

ativ

e of

fices

no

ne

3)

Non

e

II F

or s

ecur

ities

com

pani

es

a)

fore

ign

equi

ty p

artic

ipat

ion

can

be a

llow

ed u

p to

100

per

cent

o

f pai

d-up

cap

ital

b)

Lice

nse

may

be

gra

nted

to

finan

cial

inst

itutio

ns li

cens

ed

unde

r T

hai L

aws

and

a li

mite

d co

mpa

ny w

hich

is n

ewly

es

tabl

ishe

d

4)A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

4)

A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

Oth

er a

uxili

ary

finan

cial

se

rvic

es

Cre

dit c

ard

serv

ices

(C

PC

811

33)

(Mob

ilizi

ng f

unds

from

the

pu

blic

is p

rohi

bite

d u

nles

s lic

ense

d un

der

a fin

anci

al

law

)

1) N

one

2) N

one

3) a

) A

s in

dica

ted

in B

3)(

h)

abov

e

b)

Fin

anci

al in

stitu

tions

mus

t obt

ain

prio

r ap

prov

al f

rom

the

Ban

k of

T

haila

nd

1) N

one

2) N

one

3) N

o lim

itatio

n as

long

as

fore

ign

equi

ty

part

icip

atio

n do

es n

ot e

xcee

d 49

per

ce

nt

4) A

s in

dica

ted

in t

he h

oriz

onta

l sec

tion

4) N

one

12

--

TH

AIL

AN

D

S

CH

ED

ULE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IALS

ER

VIC

ES

UN

DE

RA

FA

S

-_ -

-__

__

--

-__

__ -_

--

--

_

_

_

_ _

_---

__

-_

_

-_

_

-__

_-

_

-_

--

_

_-_

_--__

--_

-

Se

cto

rorS

ub

sect

or

Lim

ita

tio

nso

nM

ark

etA

cce

ss

Lim

ita

tio

nso

nN

ati

on

alT

rea

tme

nt

Ad

dit

lon

alC

om

mlt

me

n

ts

Fin

anci

al c

onsu

ltanc

y se

rvic

es

(CP

C 8

1332

)

1) U

nbou

nd

2) N

one

3) N

one

othe

r th

an t

hat

indi

cate

d in

the

ho

rizon

tal s

ectio

n

4)

As

indi

cate

d in

the

hor

izon

tal s

ectio

n

1) N

one

2) N

one

3) N

o lim

itatio

n as

long

as

fore

ign

equi

ty

part

icip

atio

n do

es n

ot e

xcee

d 4

9 p

er

cent

4)

Non

e

-shy

bull 13

--

TH

AIL

AN

D

S

CH

ED

ULE

OF

SP

EC

IFIC

CO

MM

ITM

EN

TS

FO

RF

INA

NC

IALS

ER

VIC

ES

UN

DE

RA

FA

S

-_ -

-__

__

--

-__

__ -_

--

--

_

_

_

_ _

_---

__

-_

_

-_

_

-__

_-

_

-_

--

_

_-_

_--__

--_

-

Se

cto

rorS

ub

sect

or

Lim

ita

tio

nso

nM

ark

etA

cce

ss

Lim

ita

tio

nso

nN

ati

on

alT

rea

tme

nt

Ad

dit

lon

alC

om

mlt

me

n

ts

Fin

anci

al c

onsu

ltanc

y se

rvic

es

(CP

C 8

1332

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