One of the SEC objectives is to support investors to develop a robust financial health, using the capital market to accumulate wealth in response to their needs. As such, to expand investment choices for investors and enhance competitiveness of asset management companies (AMC), the SEC conducted a public hearing in November, proposing the principles and draft notifications for the amendments to regulations on ETFs, with which most of the respondents’ expressed opinions are in agreement.The SEC h...
Bangkok, September 20, 2016 ? The SEC has amended the rules governing the advertisement and disclosure of information on trigger funds to facilitate investors? thorough understanding of the key features and the risks involved in trigger fund investment.The notifications* regarding such amendments will come into force on 1 October 2016.SEC Secretary-General Rapee Sucharitakul said: ?The purpose of these amendments is to require advertisement and disclosure of trigger funds to be more inclusive to...
On 19 October 2021, the Capital Market Supervisory Board (CMSB) Meeting No. 13/2564 passed a resolution approving in principle the proposed amendments to the IPO regulations in the part of IPO issuer qualifications whereby an IPO applicant shall not get involved in any illegal business. The proposed amendments are in line with the regulations for issuance of newly issued shares of public limited companies seeking listing on the Stock Exchange of Thailand’s LiVe Exchange. A public and stakeholder...
On 10 November 2023, the SEC Board Meeting No. 15/2566 passed a resolution approving a regulatory review on the supervision of digital asset custodial wallet providers. The approval included granting an exemption to the case where the custodial services provided by digital asset issuers, which involves keeping only the issued digital asset on behalf of their clients, does not fall within the activity of a digital asset custodial wallet provider under the law. This decision aligned with the inten...
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...
On 15 November 2022, the Capital Market Supervisory Baord Meeting No. 11/2565 passed a resolution approving the proposal for amendment to the regulations on equity allocation to promote clarity. The SEC later conducted a public hearing to gather views and suggestions on the matter from stakeholders during February – March 2023. The finalized amendment to the equity allocation regulations* has recently been issued. Essentially, an equity issuing company is required to comply with the following pr...
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...
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 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....