Bangkok, January 18, 2012 ? The Capital Market Supervisory Board has resolved to revise the rules on custody of client assets by securities companies and derivatives brokers ("the companies") to enhance client asset protection in line with international standards. The revision would allow the companies to manage client assets by (1) depositing or investing in certificates of deposits (CDs) issued by commercial banks and banks established under specific laws, but limited to those with investment...
During March – April 2025, the SEC conducted a public hearing on draft regulations concerning requirements for business operators unable to maintain net capital, client asset safeguarding, and the collection of client information and KYC. Most respondents agreed with the SEC’s proposal. The SEC has therefore revised the regulations on requirements for business operators unable to maintain net capital, with the following key points: (1) Revising the requirements for business operators unable to...
The revised licensing manual gives more convenience to business operators wishing to apply for a digital asset business license by adding the checklist of required documents, the rules related to the arrangement of information technology system to support IT audit, and a summary of the business and compliance system. The revision is a result of the workshop on consideration of application for undertaking digital asset businesses wherein experts from CMKL University gave advice on how to im...
Presently, several companies are interested to raise fund through digital token offer to finance their investment in office buildings or condominiums which will later be rented for income shared to holders of digital tokens or real estate-backed initial coin offering (ICO). Meanwhile, the regulations have not yet extended to such fund raising method and a smart contract has not yet covered an enforcement of investors’ rights in some issues which are activities occurring outside blockchain...
Pursuant to the Notification concerning Determination of Fees for Filing of Registration Statement, Registration and Other Applications, as amended, the calculation of fees shall be based on the shareholders’ equity in the financial statements for the latest financial year submitted to the SEC. In the case where a company fails to submit the financial statements for the latest financial year but submits other financial statements to the SEC such as the quarterly financial statements that c...
The Regulatory Guillotine* scheme is one of the key projects supporting the implementation of SEC Strategic Plan in the area of competitiveness enhancement and connectivity. The scheme enables a regulatory framework that requires issuance and revision of necessary rules and regulations and promotion of effective enforcement in line with international standards and current situations.In this regard, SEC has developed, reviewed, and revised regulations on the operation of investment manage...
The prevention and management of conflicts of interests in investment management businesses are one of SEC’s important strategies because the business structure in Thailand is financial conglomeration, which is hard to avoid making transaction with relevant parties such as, the sales of securities via affiliated securities companies and any instruments issued or distributed by commercial banks as parent companies.Therefore, SEC has revised such regulations and guidelines for the investment...
The regulatory revision on the information disclosure and an issuer’ auditor takes into account the readiness of the capital markets without creating too much burden for stakeholders. Significant issues required to be disclosed are as follows: (1) To additionally disclose directors and executives’ compensation policy, method of determining the compensation packages, structures of each compensation remuneration type, and accrued expense of the latest year’s compensation; (2) To clearly dis...
The SEC has amended the regulations related to SME fundraising via private placement or PP-SME* to further promote financing of the private sector. In this regard, limited companies whose size is bigger than that of SME pursuant to the Law on SME Promotion (for example, a company with revenue more than 300 million baht in the trading and service businesses) are eligible to raise fund by issuing and offering shares or convertible debentures for sale in a private placement in the same manner as th...