Bangkok, April 25, 2012 ? The SEC is seeking public comment on the draft regulation with a view to strengthening role of compliance unit of business operators in the capital market (securities company, asset management company, derivatives business, and financial institution or commercial bank receiving approval to provide services). The SEC proposal also aims at raising significance of compliance professionals and facilitating more flexibility and compatibility with international standards as c...
responsible business, (3) maintaining good corporate citizenship, and (4) promoting resilience to various risk factors and changes.The consultation paper is available at www.sec.or.th/hearing. Stakeholders and
Bangkok, March 8, 2011 - The SEC is seeking public comment on the proposal to strengthen role of compliance unit of securities company in the category of securities brokerage, dealing and underwriting limited to investment units (LBDU) and derivatives brokerage by requiring the business operator set up a compliance unit with clear duty and responsibility in writing and having adequate number of personnel. The SEC also proposed to emphasize significance of ?compliance officer? by requiring LBDU l...
Bangkok, May 31, 2011 - The SEC will revise regulations on taking custody of client?s assets by securities company and derivatives broker in response to upcoming reduction of protected deposit under the Deposit Protection Agency Act B.E. 2551. The revision will require securities company or derivatives broker to deposit client?s money with commercial banks or invest in promissory notes and bills of exchange issued by commercial banks having credit rating not lower than investment grade, providin...
the issuer to support sufficient distribution to retail investors.The proposed amendments have taken into account stakeholders? opinions received from the hearing on the guiding principles conducted in
or being in the process of business readiness examination.The consultation paper is available at www.sec.or.th/hearing. Stakeholders and interested parties are welcome to submit comments through the
Bangkok, April 10, 2014 ? The SEC is seeking public comment on relaxing a unit holding limit where any person or group of persons is allowed to hold not exceeding one-third of all units in a mutual fund ("One-Third Rule"). As there is no such One-Third Rule in other ASEAN countries, the proposed revision aims to facilitate Thai investment management companies by exempting the said Rule from unit holding of mutual funds set up by Thai investment management companies under the ASEAN Collective Inv...
Bangkok, April 16, 2014 ? The SEC is seeking public comment on easing rules on derivatives investment of accredited investor funds (AI funds), where all unitholders are institutional investors or high net worth individual only. To widen investors? investment choices of increasing return or creating variety and complexity of investment strategy, the AI funds will be allowed to invest in derivatives without investment limit. Nonetheless, asset management companies are required to put in place a p...
Bangkok, April 28, 2014 ? The SEC is seeking public comment on the proposed amendments to the Securities and Exchange Act B.E. 2535 (1992) or SEA to increase competitiveness of Thai capital market in line with international practices. The proposals aim to support market readiness for current dynamic environment resulted from freer flow of capital and ever more connected capital markets and economies. Additionally, the proposed revisions are expected to provide more flexibility for business oper...
Bangkok, May 29, 2014 ? The SEC is seeking public comment on 2 draft notifications to facilitate offering of mutual funds set up by Thai investment management companies under the ASEAN Collective Investment Schemes (Thai ASEAN CIS). To begin with, the first one provides an exemption of unit holding limit up to one-third of all units sold (the One-Third Rule) for Thai ASEAN CIS in the portion offered to non-Thai nationals and omnibus account in other ASEAN countries to non-Thai nationals and omni...