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The Bank of Thailand and the Fiscal Policy Office have co-drafted the draft Royal Decree Designating Certain Types of Financial Business Operations that are subject to the Financial Institution Business Act, B.E. 2551 (“Draft Royal Decree”) to regulate the car and motorcycle hire-purchase and leasing businesses. The Draft Royal Decree is now open for public hearing. In this newsletter, we summarize key elements of the Draft Royal Decree including those who will be regulated and the key obligations.

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