issuance of secured bonds by companies through crowdfunding has remained relatively low due to the constraints in finding suitable bondholders’ representatives and the potential incompatibility of the

stakeholders. We expect that these amendments will help to increase competitiveness of asset management companies, reduce their business constraints, and at the same time promote more diverse choices for

rational investment decisions but their decisions are usually influenced by several factors and restrictions; emotion, beliefs and biases, for example. Those factors and restrictions cause investors to

include listed securities and investment units of open-ended funds with daily redemption feature, except investment units with transferable restrictions. In any case, such repo transactions would have to

create opportunities and reduce restrictions to enable prospective investors to access investment services by taking advantage of technological advances which lead to the development of new financial

be done without amount and value restrictions. SEC has published a hearing document on the above matter on SEC’s website, available at: www.sec.or.th/hearing. Any involved or interested

restrictions or obstacles in business operations in order to prescribe rules which are appropriate, practical and beneficial to stakeholders. This revision of notifications is not applicable to securities

institutional investors or ultra high net worth investors to invest in any type of financial assets and instruments without restrictions, (2) cancellation of private fund types, i.e., retail and non-retail

digital asset mule accounts. Moreover, individuals identified as mule account holders will face restrictions on certain transactions that pose a risk of money laundering. Ms. Jomkwan Kongsakul, SEC Deputy

future revenue rights during a certain period to the fund while retaining title, management and control over the assets. In doing so, feasibility studies and regulatory restrictions of the infrastructure