SEC has amended the procedure to make it easier for asset management companies to seek a unitholders’ resolution to revise or modify a mutual fund project and its management procedure by
Earlier, the Civil Penalty Consideration Committee resolved to apply civil sanctions against Mr. A for obstructing and failing to set up a board of directors meeting and a shareholders meeting to appoint new directors to fill vacancies while serving as IFEC director and chief executive officer. In addition, the SEC investigation found that Mr. A disobeyed the board of directors’ instruction and refused to cooperate with other IFEC directors to facilitate the board of directors’ meeting by...
Earlier, the Civil Sanction Consideration Committee resolved to apply civil sanctions on Mr. Suphanan, an IFEC director and chief executive officer, and Mr. Thanawat Chansuwan, who was IFEC director and executive at the time of the offence, on the ground of insider trading. They were ordered to pay civil fines and return any gains from the offence.*Mr. Suphanan, however, sent a letter asking to postpone the acknowledgment and the agreement to pay the civil fine by 30 days (to 3 October 201...
Earlier, the Civil Sanction Committee resolved to impose civil sanctions on Mr. Thanawat, who was IFEC director and executive at the time of the offence. He was ordered to pay a civil fine and return any gains from the wrongdoings.* Mr. Thanawat came in to acknowledge the civil sanctions, but did not consent to comply with the punishment terms within the specified time. The SEC has therefore requested the public prosecutor in writing to file a lawsuit against Mr. Thanawat in the Civil C...
also been updated to align with those applicable to other digital asset businesses that hold client assets; * (2) Revision to the Risk Charge Requirements for Digital Tokens without Custody Risk
1. Ms. Nataya Niyamanusorn, Assistant Secretary-General in charge of the Investment Management Division, has been appointed Assistant Secretary-General in charge of the Intermediaries and Market
been a change in the necessary circumstances as provided in the first paragraph, the Minister upon the recommendation of the SEC may modify or change the conditions already specified.
efficiency of enforcement.The Advisory Committee on Listed Company Monitoring comprises: (1) Secretary-General as Chair; (2) Deputy Secretary-General in charge of corporate finance as member;(3) Deputy
Department and the Corporate Monitoring Department have been merged to be in charge of fully-fledged supervision of listed companies, while the Fin Tech Department is the center of digital asset-related