SEC also seeks public comments on whether existing fund supervisors, such as commercial banks or fund supervisors that are digital asset business operators, may appoint a foreign digital asset custodian
As part of its review of the definition of major shareholder applicable to derivatives business operators required to obtain approval, the SEC aims to ensure that the definition appropriately reflects ultimate controlling persons and enables such operators to maintain credible major shareholders, as well as to ensure consistency in the supervision of businesses under the SEC’s oversight. In this regard, the SEC conducted a public hearing on the aforementioned principles during January–Feb...
The provisions proposed to be added are as follows: (1) Provision that will require the association to operate its affairs in accordance with the rules prescribed by SEC Board. If, however, there is any matter that SEC Board has not specifically specified, then the provisions under the Trade Association Act will be applied mutatis mutandis; (2) Provision that will allow the association to invest in certain types of securities, provided that, such investment is made...
Pursuant to Section 89/25 of the SEA, the auditor has the duty to report suspicious circumstances that were found from the audit in accordance with the auditing standards. SEC therefore proposes the principle and the draft regulation which would require the auditor to report to the Audit Committee of securities company** or the Audit Committee of listed company any suspicious circumstance that indicates that a director, manager or the person responsible for the operation of a juristic per...
Currently, the issuance and offering of bonds with foreign risk exposure, including the offering of Thai baht–denominated bonds in Thailand by foreign entities (Baht Bonds), foreign currency–denominated bonds in Thailand by foreign entities (FX Bonds), and securitized bonds with foreign risk*, are required to obtain an issue rating of not lower than investment grade from an international credit rating agency established under foreign law (inter CRA), in order to ensure that the quality of the bo...
The initiative forms part of the SEC’s policy efforts to strengthen the capital market as a viable source of funding and an important mechanism for supporting small and medium-sized enterprises (SMEs). In this regard, the SEC has considered introducing PP regulations governing the offering of newly issued shares and CDs by LiVEx-listed companies. The proposed regulatory framework is intended to facilitate fundraising activities by providing appropriate regulatory flexibility, while continuing to...
specified in the notice of the shareholders’ meeting the seeks approval for the issuance and offering of new shares that is not in accordance with rules, conditions and procedures as specified in the
guidelines in the investment management industry. This initiative seeks to enhance collaboration, benefiting the sustainable and stable growth of the industry. Ms. Nataya Niyamanusorn, Assistant Secretary
clearer, non-overlapping guidelines in line with the evolving capital market ecosystem. The collaboration seeks to ensure a well-regulated, fair, and trustworthy capital market that boosts investor