The proposed amendments to the SEA are intended to prescribe supervisory legal measures, enhance the efficiency of law enforcement and examination with a view to making such processes more timely and effective, and strengthen investor confidence in the Thai capital market for the benefit of the country’s overall economy. The proposed principles include: (1) Prescribing duties for investors who sell securities without having such securities in their possession, requiring such transactio...
The SEC aims to enhance the supervision of major shareholders of securities and digital asset business operators to better reflect ultimate controlling persons, particularly in cases where a person provides financial support to a major shareholder. This is a significant issue, as such a person may play an important role in influencing the operator’s business direction or decision-making. If such funding is linked to illegal activities, such as money laundering, it may pose legal risk, aff...
At present, any revisions or modifications to the TFF project are required to seek the resolution of unitholders*, which, in practice, may hinder such revisions or modifications in certain cases—for example, those made to ensure that information remains accurate and up to date, or those intended to provide additional benefits to unitholders. This requirement also gives rise to cost burdens for the fund associated with the process of seeking the unitholders’ resolution.Accordingly, the SE...
The SEC is considering measures to further enhance the protection of benefits for employees who are fund members and to ensure that information is sufficiently complete for the provision of services relating to fund members’ retirement financial planning in a more appropriate manner. In this regard, the SEC has reviewed the existing articles of funds and the items prescribed under Section 9 of the Provident Fund Act B.E. 2530 (1987) (PVD Act), and deems it appropriate to propose that the Ministr...
The SEC recognizes the importance of transition finance and therefore aims to support the development of transition-related fundraising products in the Thai capital market under an approach that is aligned with international standards, as well as the country’s sustainability and climate change goals, while also expanding investment options. The SEC has proposed amendments to the regulations to support the issuance and offering of two types of debt instruments, as follows: (1) Transition bonds: D...
The SEC supports PVDs as a long-term savings and investment mechanism for promoting post-retirement financial security and has considered amendments to the relevant rules to protect members’ rights in a fair and transparent manner, while enhancing the quality of services provided by business operators. The SEC has therefore incorporated feedback and suggestions from relevant stakeholders to revise the proposed principles, making them clearer, more appropriate and flexible, while facilitating bus...
specified in the notice of the shareholders’ meeting the seeks approval for the issuance and offering of new shares that is not in accordance with rules, conditions and procedures as specified in the