Bangkok, October 15, 2015 ? The SEC is seeking public comments on the proposed revision to the tender offer rules concerning shareholders? approval (whitewash resolution) for business takeover and
in a new property may be proposed for the unitholders? consideration in concurrent with the proposal for approval of fund conversion. In addition, a property fund would be allowed to issue remedy
. These include the offer price being no less than 90 percent of the market price, and the objective not being to fund a large-scale project that requires the shareholders? prior approval. In addition, the
offered at the market price during the offering period. The revised provisions cover the key areas, as follows: 1) Approval: to screen the applicant?s corporate governance records whether or not
person in charge of mutual funds? investment and might learn of the funds? investment information as well as those having duty to send trading orders. The business operator must seek the SEC approval for
clients. In this regard, the aforesaid actions are in violation of Clause 20(3) of the Notification of Capital Market Supervisory Board No. TorLorThor. 3/2555 re: Approval for Personnel of Business
: Approval for Personnel of Business Operators to Perform Duties of Analyzing Investment and Giving Investment Advice dated January 18, 2012. The SEC therefore suspended {A} from duty as an approved securities
promote REIT as an important vehicle for fund raising and investment for long-term growth of real estate development in Thailand.The approval for REIT bond offerings and information disclosure will be in
of credit risk to comply with international standards. Besides, pre-approval requirement for investment in SN will be removed.In addition, the funds investing in complex derivatives and SN will be