SEC plans to review the operation system that the securities business operators and derivative contract business operators have adopted for some time in the operation and provision of services in order that the operation system will be more appropriate and flexible and in line with various types of business models. The operation system will also reduce burdens and obstacles in the business operations, with a view to grouping the relevant regulations of the operation system and the provisi...
On 7 April 2022, the SEC Board Meeting No. 4/2565 approved the exemption for the filing of the registration statement for rights offering (RO) and ESOP of repurchased shares on the condition that public limited companies have already complied with the rules and conditions specified by the SEC. For example, the requirement of the resolution of the shareholders’ meeting for ESOP of repurchased shares at a price lower than the market price. The governing regulations in this regard have become effec...
Recently, the Ministry of Finance has prescribed Digital Asset Custodial Wallet Provider as a new type of digital asset business, resulting in the total of six digital asset businesses.* In addition, the BOT has revised the scope of the Regulatory Sandbox Guidelines for the application of digital technologies to further develop financial innovations and specified additional conditions for automatic programmable payment. To ensure that the services provided by digital asset business operators wi...
The SEC has recently issued a rule revising the definitions of institutional investor, ultra-high net worth investor and high net worth investor* used for investment in financial products under the SEC’s supervision. Under the new rule, which will become effective from 1 October 2022 onwards, the qualifications of such investors are amended to incorporate an aspect of adequate financial knowledge and relevant experience as a means to further gauge investors’ ability to take risks. The new...
. 3/2565 passed a resolution approving the proposed amendment whereby directors and executives will be allowed to hold the position at a limited number of companies. For example, Chief Executive Officer
types of securities business license, namely (1) Type E Securities Business License* for equity instruments, and (2) Private Fund Management License. The proposed amendment aims to increase choices of
protection mechanisms for debenture holders and bondholders. Principles of the proposed amendment are as follows: (1) repeals requirement on minimum face value of debentures (currently set at 100 Baht per
penalties that can be imposed on any associations or its directors that do not comply with the rules prescribed under (1) or (2) above. Details of the proposed amendment are available at https
SEC is proposing to amend the SEA in the part related to the preparation and submission of interim financial statements of listed companies. The amendment would allow SEC to have more flexibility in