SEC is proposing to amend the regulations on unitholding limitations of mutual funds. Proposed amendments include, for example, changing the methods of unitholding calculation and allowing mutual funds to be exempted if asset management companies comply with all obligations, such as widely allocating investment units to the general public, managing liquidity effectively and having measures to prevent mutual funds from being exploited for any other benefit than those which ought to be obta...
SEC Secretary-General Ruenvadee Suwanmongkol, along with SEC Deputy Secretary-General Sirivipa Supantanet, and management team met with H.E. Mr. Sou Socheat, Director General of the Securities and Exchange Commission of Cambodia (SECC), and executives in Phnom Penh, Cambodia, on August 5, 2019.On this occasion, both regulators exchanged views on cooperation and assistance that the SECC and SEC Thailand will provide to each other with regard to cross-border equity offering and depositary re...
On 1 September 2020, SEC amended the regulations on the preparation of the annual registration statement (Form 56-1) and annual report (Form 56-2) by consolidating both forms into one called Form 56-1 One Report. Also, the registration statement for securities offering of both Thai and foreign companies has been revised to be in line with Form 56-1 One Report, which is required to be prepared after the issuer has become a listed company. SEC Secretary-General Ruenvadee Suwanmongkol said: “SEC al...
SEC has proposed additional risk management tools that asset management companies are able to select and use when dealing with events or factors causing investors to panic-sell or redeem their investment units en masse. In such events, mutual funds are forced to dispose of their assets in a fire sale leading to a plummet in market price. This situation could be unfair to existing investors because of low qualified assets left in the fund portfolio and they have to bear the costs associate...
SEC is opening for public comments on the regulations to supervise private funds as the business operators have developed a variety of services to satisfy customers. Therefore, SEC intends to amend its rules to be more flexible without high operating costs, and cope with more diverse patterns of business operations. This revision focuses on the principle-based regulations, instead of fixed details, that cover several issues such as personnel readiness, investment management, receiving and...
At present, customer service processes of business operators already include KYC and CDD procedures to verify customer identity and profile prior to the provision of services. However, in light of rapid technological developments and increasingly complex financial behaviors, the SEC, together with relevant agencies and the private sector, recognizes the need to further strengthen and broaden KYC/CDD standards. In 2025, the SEC enhanced KYC/CDD standards for digital asset business operators. Buil...
SEC plans to issue additional requirements relating to the structure of the Board of Directors and Management of IPO companies and listed companies to the current regulations on the check and balance system (for example, independent directors and audit committee members) that will enhance the image and create confidence for the Thai capital markets. In addition, this approach is in line with the principles of corporate governance (CG), which has been adopted since 2002 by most IPO companies...
The proposed revisions aim to allow digital asset business operators to provide derivatives services referencing digital assets* without the need to establish new legal entities. They also seek to promote broader recognition of digital assets as an investment asset class, and to provide investors with additional options for investment risk hedging. These measures are expected to enhance the SEC’s regulatory oversight across all types of businesses to a unified standard, as well as to stren...
of the SEC. In the case where the securities company prepares the supporting documents for entry into accounts or disclose information in the financial statements inaccurately or incompletely, the