business operators and investors. This is because minors’ execution of legal acts is subject to several provisions of the governing Civil and Commercial Code. As a result, minors may be exposed to a risk
proposal. The drafted regulations specify digital asset custodial wallet provider as a digital asset business which is required to apply for a license, and prescribe provisions on supervision of digital
. SEC has therefore drafted the rules and regulations on the matters including the rule on collection of copying charges. Proposed draft provisions include:(1) Notification of trustee’s resignation: In
Professional Accounting Standards, the Code of Ethics for Professional Accountants and Provisions of the Law on Professional Accountants such as the Thai Standards on Auditing (TSA) concerning the Auditor’s
securities, and revises the law to encompass the digital trading in securities; (2) revises overall provisions regarding over-the-counter center i.e., the establishment, qualifications of applicants
obtaining facts relating to such circumstances to be in accordance with the Code of Ethics for Professional Accountants and Provisions of the Law on Professional Accountants, such as the Thai Standards on
Securities and Exchange Act (No. 5) B.E. 2559 (2016). As to Malita, her assistance for Sarath to commit the offence was itself an offence liable to the punishments under the said provisions in conjunction with
. In addition, the SEC proposes to repeal the requirement for foreign auditors of equity issuers to be affiliated with audit firms in the same group as Thai auditors and to specify no provisions
to the punishments under the said provisions in conjunction with Section 86 of the Criminal Code. The Civil Sanction Committee decided to impose civil sanction on both offenders, who subsequently made
information on trust?s financial status and operational result as specified by the provisions of law and in the similar manner as other securities issuers?, said SEC Secretary-General Vorapol Socatiyanurak