Document ID: chunk:federal_register_of_legislation:F2022C00868:reg:6
Version: federal_register_of_legislation:F2022C00868
Segment Type: reg
Provision Reference: reg 6
Character Range: 16306–17340

6     Thailand                            The Accounting Guideline for Investment Management business issued by the Association of Investment Management Companies and approved by the Securities and Exchange Commission.

relevant exchange rate means the average of the rates of currency exchange on the first business day in the capital city of the home economy for the passport fund for the year in which the calculation is made, and the first business day in the capital city of the home economy for the passport fund in each of the preceding 4 years.
total assets under management, in relation to an operator, means the sum of the value of:
 (a) the assets of each CIS for the operations of which it is responsible; and
 (b) any other assets for which it performs discretionary investment management on behalf of another person, whether or not on a collective basis;
as those assets would appear on a balance sheet prepared in accordance with the relevant accounting standards for the operator if they were assets of the operator.