On 13 August 2024, the Cabinet passed a resolution acknowledging the offering for sale of Vayupak Fund to the general public as proposed by the Ministry of Finance. The initiative aims to promote long-term savings and investments among the public and to support the development of the Thai capital market by mobilizing funds into the Stock Exchange of Thailand (SET), which would in turn reduce reliance on foreign investment funds. Vayupak Fund plans to issue investment units totaling a...
The SEC’s policy is to strengthen the oversight of digital asset business operators with a focus on quality and reliability enhancement of such business operator to protect investors. This means the records of investors’ assets under custody of the business operators must be accurate, complete and updated while the assets must be properly protected from relevant risks. In September 2021, the SEC conducted a public hearing on a proposed amendment to the regulations on custody of clients’ assets....
It is the SEC’s policy to increase SMEs’ business opportunities by allowing them more convenient access to financial services in accordance with the Master Plan under the 20-Year National Strategy (2018-2037). In this regard, the SEC has revised the SMEs share offering rules to provide SMEs with wider choices of fundraising channels, including share offering to the issuer’s group of companies. This amendment approved by the Capital Market Supervisory Board Meeting No. 2/2565 on 15 Febru...
The amended rules on approval of ICO portals give the applicants more flexibility and reduce risk on developing/investing in high-cost work systems while the approval process is underway. Pursuant to the amended rules, the approval process is now divided into two steps, namely: (1) examining the qualifications and appropriateness of the required work systems according to the application supporting documents within 90 days from the date of filing the application with SEC, and (2) inspecti...
Earlier, the Capital Market Supervisory Board passed a resolution approving the amended regulations for newly issued share offering of listed companies through private placement. Essentially, the amendments contain the following provisions: 1. Cancel the approval application procedure, retain information disclosure in the shareholders' meeting notice, and require the opinion of an independent financial advisor (IFA) in the event of major changes; 2. Allow the remaining shares from a prefer...
On 10 November 2022, the SEC Board Meeting No. 15/2565 passed a resolution approving the SEC’s proposal for amending the regulations related to quota allocation for foreign exchange transactions of digital asset business operators. Essentially, the proposed amendment would allow digital asset fund managers to apply for a quota to execute foreign exchange transactions with financial institutions in Thailand regarding purchases of digital assets overseas and payments for related expenses. The inte...
The SEC has considered revising the regulatory framework for mutual funds to facilitate faster sale and redemption of Tokenized Fund units, as well as amending other related regulations to accommodate advancements in financial technology. Coupled with growing interest from the business sector in establishing mutual funds that leverage blockchain technology as an alternative investment option and to enhance service efficiency and convenience while fostering innovation in the investment sect...
The SEC has found that certain aspects of the regulations on the qualifications of issuers in cases where the proceeds are not used in accordance with the disclosed purposes, as well as the regulations on the use of proceeds in accordance with the disclosed purposes, remain unclear and may not be sufficiently flexible for fundraising. Therefore, to provide greater flexibility for issuers’ fundraising, the SEC has proposed amendments to the relevant regulations, with the key points as follows: ...
Earlier, the Ministry of Commerce issued the Ministerial Regulation Prescribing Rules and Procedures on the Repurchase of Shares, Disposal of Repurchased Shares and Deduction of Repurchased Shares of Companies (No. 3) B.E. 2568 (2025) (Amended Ministerial Regulation on Share Repurchase), which revised the criteria for share repurchase by public limited companies to enable the share repurchase mechanism to be used more effectively as a tool for managing financial liquidity, addressing unex...
The amended regulations on the reporting of changes involve securities, namely shares, convertible securities and derivatives held by directors, executives and auditors of listed companies.** By ensuring more appropriateness, less reporting repetition, and more flexibility for those responsible for the reporting, the amendment still ensures that the users receive sufficient information in a timely manner. The key points of the amendment are as follows: 1) Extending the reporting period f...