criminal offenses under the law shall be deemed the offenses whereby civil sanctions may be imposed on the offenders. Details of civil sanctions and associated procedures are available at: https

be associated with business operators' license and thus may have a risk that affects business operators' financial position or service system as well as investors’ benefits and confidence in the

seek for the approval. Crowdfunding portals must be established with an efficient IT system in accordance with  SEC’s rules and guidelines associated with establishment of IT system***, aiming to

committing fraud, misappropriating the company's assets and falsifying accounting records by executing concealed transactions through several associated companies abroad to exaggerate the company's operating

, from the opportunities and the associated risks to the terms and conditions. This is because applicants for the crowdfunding option are generally SMEs and startups with a small business size or at the

applies to offences relating to offering of digital tokens or undertaking of digital asset businesses without approval. Meanwhile, the SEC is drafting associated regulations and other relevant laws to

the offenders. Details of civil sanctions and associated procedures are available at:  https://www.sec.or.th/EN/pages/lawandregulations/civilpenalty.aspx

capital to increase flexibility. The SEC has also reviewed the haircut rates used in calculating the net capital to align them with the current situations and cover risks associated with various instruments

and the PPA remain unclear and uncertain while additional investment of 7,850 million baht is needed, causing IFA unable to appraise the project value; (3) various risks associated with the transaction

interest to acquire the business, and it was Rapi himself who had signed on the associated memorandum of understanding and arranged for the new investors to conduct a due diligence on the business and assets