Currently, asset management companies have established mixed funds with more diversified asset allocation to meet different demands of investors and to enhance efficiency for managing investment in each type of assets. In this regard, asset management companies may choose to invest in mutual funds that concentrate on a specific type of assets and require specific expertise of fund managers to ensure economy of scale for such investment management. In addition, asset management companies v...
The notification of the Ministry of Finance regarding prescription of conditions for securities company to apply for approval of person to be major shareholder defines the “Major Shareholder” as any person directly or indirectly holding shares of securities company in excess of ten percent of voting shares of such company.Where a securities company issues shares with different voting rights, certain shareholders may have the number of voting share more or less than the number of voting rig...
SEC has revised regulations regarding outsourcing, to provide more opportunities for business operators, such as, securities business providers, asset management companies, and derivatives business providers, to be able to operate their businesses with more liquidity and effectiveness. The regulations also help business providers to dedicate their resources into excellent and appropriate goods and service presentation, as a resolution to the issue of investment and savings towards the inve...
Bangkok, May 22, 2015 ? The SEC revised regulations on business operation concerning report of significant change in operating system, suitability test and client asset report.The Capital Market Supervisory Board approved the revision of regulations on business operators to require a report of change in operating system if the change significantly impacts the business undertaking. This is to enhance the efficiency in operating system examination and in line with the international standards. Addi...
Bangkok, September 24, 2014 ? Vorapol Socatiyanurak, SEC Secretary-General revealed that the Capital Market Supervisory Board has approved revision of rules applicable to securities companies facing financial difficulty and unable to maintain adequate net capital as prescribed. The revised rules include rectification period, restriction of business operations during rectification period and undertakings in case of failure to rectify. The proposed rules will provide more up-to-date and practical...
debt securities, investors will be more exposed to credit risk of the branches than that of the foreign banks due to limitations of law on bankruptcy. Thus, the SEC revises disclosure of the foreign
Bangkok, May 26, 2014 ? The SEC requires an application and information disclosure for offshore offering of convertible debentures (CD) be jointly prepared by CD issuer and SEC-approved financial advisor (FA) while more comprehensive disclosure of information about dilution effect are mandatory. The revised regulations will be effective by this June. SEC Secretary-General Vorapol Socatiyanurak revealed that ?the Capital Market Supervisory Board (CMSB) requires application and information disclos...
Bangkok, April 1, 2013- The SEC permits the 51th- 100th shares in the SET100 Index as underlying securities for Derivative Warrant (DW) and revises the process of DW issuance and offering to
Bangkok, October 16, 2014 ? Vorapol Socatiyanurak, SEC Secretary-General revealed that the Capital Market Supervisory Board has approved to revise the regulations on services concerning investment in products denominated foreign currencies. The revised regulations will allow business operators to provide services in foreign currency denominated products as permitted under their licenses. In addition, units of ASEAN collective investment scheme (ASEAN CIS) will be added as permissible securities...