Bangkok, February 28, 2012 ? The SEC has revised issuance rules governing bills of exchange (B/E), short-term debentures and complex structured products to promote more fund mobilization through debt securities. The amendments will take effect on July 1, 2012.B/E has become a frequent tool for fund raising by financial institutions, offering returns similar to those of deposits, with occasional structured features. Such conditions may mislead investors into believing that B/E is entitled to the...
Bangkok, February 28, 2012 ? The SEC has revised issuance rules governing bills of exchange (B/E), short-term debentures and complex structured products to promote more fund mobilization through debt securities. The amendments will take effect on July 1, 2012.????? B/E has become a frequent tool for fund raising by financial institutions, offering returns similar to those of deposits, with occasional structured features. Such conditions may mislead investors into believing that B/E is entitled t...
In this regard, the Securities and Exchange Commission (SEC) is amending the relevant regulations to support the aforementioned tax benefit measures. These amendments broaden the investment scope of Thai ESG funds and strengthen the fiduciary duty of asset management companies (AMCs) to ensure responsible investment. Mrs. Pornanong Budsaratragoon, SEC Secretary-General, said: “The Capital Market Supervisory Board (CMSB), at its meeting No. 7/2567 convened on 16 July 2024, passed a resolution ap...
SEC Secretary-General Rapee Sucharitkul revealed that “independence of the auditor is a key factor in establishing the reliability of the financial reports. When the international standards on this matter are changed, SEC must revise the rules on the rotation of auditors accordingly. SEC has recently revised the rules on rotation of auditors of listed companies and will likewise revise such rules for property fund, infrastructure fund, REITs, and infrastructure trusts. The auditors must be...
Bangkok, July 20, 2011 ? SEC Secretary-General Thirachai Phuvanatnaranubala after the Capital Market Supervisory Board?s Meeting revealed that the CMSB resolved to revise rules on report of acquisition or disposition of securities as specified in Section 246 of the Securities and Exchange Act B.E 2535 (1992) (a so-called every five percent report) and rules on an investment of the funds in response to reduction of protected deposit amount by the Deposit Protection Agency and to provide more in...
Bangkok, January 26, 2016 ? The SEC has revised several regulations concerning investment policies of mutual funds and provident funds (PVD) to enhance flexibility and compliance with international guidelines and market development.SEC Secretary-General Rapee Sucharitakul said: ?The amendments which have been approved recently by the Capital Market Supervisory Board aim to increase competitiveness of the ever-growing asset management business by, for example, relaxing several requirements. In so...
The SEC has endorsed the concept of regulatory enhancement regarding issuance and offering for sale of sustainability-themed bonds* to give opportunities for businesses of all sizes including SMEs and startups to raise fund through crowdfunding and private placement. This approach also aims to promote SMEs and startups to strengthen their adaptability and participate in business development in the realm of sustainability, which is crucial to the strategy and business operations to mitigat...
The Capital Market Supervisory Board (CMSB)’s Meeting No. 4/2021 dated 16 March 2021 passed a resolution approving in principle the regulatory revision following the cooperative plan of the BOT’s BIR program. The revision would accommodate the BOT’s market surveillance to acquire in-depth, complete, accurate and timely information on foreign bond investors’ behaviors. Such information would be useful for policy making with regard to exchange rates and financial system in an effective and t...
securities, and revises the law to encompass the digital trading in securities; (2) revises overall provisions regarding over-the-counter center i.e., the establishment, qualifications of applicants