Recent news reports on cyber attack on a foreign decentralized finance platform, which resulted in tremendous loss of clients’ digital assets, have raised concerns over cybersecurity. The SEC is
failing to maintain NC to immediately cease the business operation and transfer the customers’ assets to other business operators in order to limit effects on the customers and stability of the capital
while classification of assets treated as capital will be more flexible. In this regard, guidelines for the business operators unable to maintain adequate capital will also be prescribed. The consultation
Securities and Exchange Commission No. Sor Thor. 13/2561 Re: Detailed Rules on Maintenance of Capital of Investment Advisors and Derivatives Advisors and Provisions in Case of Failure to Maintain Capital
. Remarks: * The current regulations require business operators to maintain capital of no less than the minimum capital requirement, which includes: (1) maintaining net capital (NC) with liquid assets
, which is a securities company under the law on securities and exchange, with no responsibility to maintain its net liquid capital adequacy, such person shall have liquid assets not less than one hundred
institution, which is a securities company under the law on securities and exchange, with no responsibility to maintain its net liquid capital adequacy, such person shall have liquid assets not less than one
misappropriating the company?s assets in contravention of Section 307, 308, 311, 313 and 315 of the Securities and Exchange Act of 1992 (SEA). A referral from the Stock Exchange of Thailand (SET) and the SEC
based on the total value of assets acquired, is 12.85 percent of the total value of assets of the Company according to the consolidated financial statements as at December 31, 2018. Accordingly, the