Page 58 - BAM ONE REPORT 2564 (ENGLISH VERSION)

56 Part 1
Business Operation and Performance

Main regulations about business operation
The Company is under supervision of BOT, established in 1942 according to BOT Act. BOT is the central bank
performing duties to carry out the national financial policy. Previously, BOT supervised the financial and banking
businesses in Thailand under supervision of the Ministry of Finance, and by virtue of BOT Act.

Furthermore, the Emergency decree on Asset Management Companies authorize BOT and the Ministry of Finance
to supervise the asset management businesses. The details of regulations related to the asset management companies
in Thailand can be summarized as follows.

Asset management Company
The Emergency decree on asset management Company is regulated to resolve the NPLs, which are an obstacle
to the financial institutions in raising fund and approving loans for business sector. Furthermore, such law also grants
certain rights to the asset management companies to operate the business easier, and helps the financial institutions
to focus on operatizing main businesses which are money deposit and credit facility. This allows the financial institutions
to transfer the NPLs to the asset management companies.
The Company was established according to the Emergency decree on asset management Company, stipulating
that the asset management companies must be registered for founding with the Ministry of Commerce with minimum
registered capital at 25.0 million Baht. It aims to manage assets of the financial institutions or financial business operators,
and then it can apply for registration as an asset management Company with BOT.

Furthermore, the asset management companies can raise funds by (A) loan from domestic and foreign sources,
(2) issuing shares and debentures according to the securities and exchange laws or other bonds as permitted by BOT.

Business of the asset management Company
The businesses of the asset management companies are as follows.
(A) Purchasing or accepting transfer of NPLs of the financial institutions or assets of the financial institutions,
that are suspended for operation, canceled, or withdrawn a license for operation of a commercial bank,
capital business, credit foncier business, as well as collaterals of such assets for management and distribution.
(B) Providing NPLs management services to financial institutions or assets of the financial institutions that are
suspended for operation, canceled or withdrawn a license for operating the business of a commercial bank,
capital business or credit foncier business as well as collaterals of that asset.
(C) Purchasing or accepting transfer of NPLs of the financial business operators, as well as collaterals of such
asset for further management or distribution.
(D) Providing NPLs management services to financial business operators and collaterals of such assets.
(E) Giving advice to debtors, financial institutions or financial business operators in debt restructuring and
operations related to such counseling.
(F) Other businesses related to or involved with the similar businesses to (A), (B), (C), (D) or (E), in accordance
with the notification of the Minister of Finance approved by the cabinet.