Previously, the SEC revised the criteria for determining persons deemed to be major shareholders of securities and digital asset business operators (“business operators”) requiring approval, with
The proposed revisions aim to allow digital asset business operators to provide derivatives services referencing digital assets* without the need to establish new legal entities. They also seek to
companies and derivatives business operators (“business operators”) including those from foreign countries show growing interest in providing such foreign products to Thai investors as well. The SEC has
that the services investors will receive from the investment advisor or fund manager are up to the same standard of conduct obligated by other digital asset business operators. For instance, Know Your
Report Forms of Securities Business Operators and Derivatives Business Operators