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...
Bangkok, August 8, 2014 ? The SEC is seeking public comment on revision of secondary listing regulations to be in consistence with dual offering regulations under which foreign companies launch initial public offering in Thailand and other countries simultaneously or in proximate period. In case of secondary listing, however, if foreign companies are subject to home regulators and home exchanges recognized by the SEC and have been listed on the main boards of such exchanges at least for one yea...
Bangkok, August 26, 2014 ?The SEC is seeking public comment on proposed common offering rules for new financial products not falling within a scope of any existing rules. Introducing the common rules aims to facilitate private sector?s issuance of new financial products in response to market needs. Under the proposal, the principle-based set of rules enabling a more flexible coverage of various financial products, either domestic or foreign issues will be drafted, rather than a rule-based one....
Bangkok, February 26, 2014 ? The SEC is seeking public comment on proposed rule on the classification of mutual funds based on net exposure. The classification will be used for fund performance comparison indicating maximum, minimum and average returns among mutual funds in the same category and will thus serve as useful information for making investment decision. The proposed rules classify mutual funds into 5 classes, namely equity fund, fixed income fund, mixed fund, property fund and commod...
Bangkok, February 27, 2014 ? The SEC is seeking public comment on draft capital market personnel rules aiming at compiling and standardizing the rules and guidelines concerning all types of capital market personnel for ease-of-use; for example, qualifications, approval process, and duties of the capital market personnel. The draft rules also include a wealth advisor as a new type of capital market personnel while some of the existing capital market personnel will be required to obtain the SEC ap...
Bangkok, June 27, 2014 ? The SEC is seeking public comment on revision of public offering rules to impose a barring period on re-filing of application for securities public offerings. Such period will be imposed if inappropriate behaviors of issuing companies such as concealment of information or cooking the books have been found. The issuers covered under the proposed revision are non-listed Thai incorporated companies and foreign companies not listed on specified main board of foreign exchan...
Bangkok, January 10, 2014 ? The SEC is seeking public comment on proposed revision to the fund?s investment rules. The proposed revision applicable to mutual fund, private fund and provident fund aims at adding more flexibility to asset types, diversifying fund?s portfolio and calculating derivatives investment in line with international standards. In addition, the fund classifications will also be revised to better reflect risks associated with both direct and indirect investment. The consultat...
Bangkok, January 15, 2014 ? The SEC is seeking public comment on proposed revision to the rules of capital requirements for securities and derivatives investment advisors (IA) as well as brokers, dealers and underwriters whose licenses are limited to investment units (LBDU operators). Under the proposed revision, IA, and LBDU operators will have to comply with the capital requirements variable to the business?s revenue or expenses to reflect the operational risk better that flat rate requirement...
Bangkok, January 20, 2014 ? The SEC is seeking public comment on draft rules on cross-border offering of ASEAN collective investment schemes (ASEAN CIS) to retail investors. When compiled with non-retail offering rules already in force, the ASEAN CIS cross-border offering rules will be comprehensive and more user-friendly. The proposed drat rules have been developed under the ASEAN Capital Markets Forum (ACMF)?s implementation plan, the ASEAN CIS framework and the common standards concerning qu...
Bangkok, January 22, 2014 ? The SEC is seeking public comment on proposed revision to the rules of customer contact and service for all licensed business operators to standardize the relevant requirements applicable to them. Under the proposed revision, for example, the operators will have to provide unprejudiced advice, supervise the approved contact person giving advice through any media or channels, and service of high risk or complexed products. The consultation paper is available until Janu...