The SEC proposed the amendments to the regulations for the Funds investing in digital assets to ensure fair competition among business types and enhance asset allocation benefits for investors through fund managers. The proposed amendments also aimed to provide greater flexibility in investment management for asset management companies. The SEC held a public hearing on the proposed principles and amendments in October –November 2024, for which the majority of respondents expressed support...
Pursuant to the Notification of the Office of the Securities and Exchange Commission No. Sor Bor. 28/2547 Re: Determination of Fees for Filing of Registration Statement, Registration and Other Applications dated 7 July 2024, issuing companies whose shares are listed on the Stock Exchange of Thailand (SET) are eligible for a 20-percent reduction of the annual registration statement filing fee. This reduction applies if the companies have never been subjected to any settlements of criminal...
Earlier, the SEC conducted a public hearing on the proposed principles and draft regulations to support digital asset custodial wallet providers from business groups with expertise, experience, and readiness for directly safeguarding financial assets, which enables digital asset custodial wallet providers to service digital asset business operators with the same major shareholders. Meanwhile, the existing regulations require that digital asset custodial wallet providers must be listed com...
In October 2024, the SEC conducted a hearing to gather comments from the public and stakeholders on the draft amendments to the IT Regulation and Guideline. Feedback and suggestions from stakeholders were incorporated into the finalization process. The SEC has issued notifications specifying the amendments with the key points as follows: (1) To adjust the frequency of submitting IT audit reports to be more appropriate for the risk level of small business operators and low-risk op...
On 23 May 2023, the Capital Market Supervisory Board Meeting No. 5/2566 passed a resolution approving in principle the proposed amendments to the regulations related to disclosure and submission of PVD factsheet and pooled fund data report. The SEC conducted a public hearing to seek stakeholders’ comments and suggestions on this matter during the months of October and November last year. Most respondents agreed with the proposed amendments. The SEC has therefore issued two notificatio...
The amendments aim to enhance suitability for the risk profile of the foreign issuer and alignment with the changing contexts and landscape of the bond market. In this regard, five relevant notifications have been revised, containing the key amendments as follows: (1) Allowing the foreign issuer to file an application for approval of offer for sale of bonds denominated in Thai baht (baht bonds) in Thailand with the SEC directly without the need to obtain a prior approval from the Ministry of...
The Capital Market Supervisory Board passed a resolution approving the amendments to the regulations to clarify the nature of business operation of securities issuing companies or listed companies that may fall under the category of investment company, and to ensure that their operation does not demonstrate the objective of seeking investment returns for investors in a similar manner to operating an investment management business. The amendments aim to prevent the use of the initial public offer...
The SEC made amendments to the regulations governing the reporting of the IPO shares results, aiming to enhance investor access into critical information and be useful for investors’ decision-making (disclosure-based) for timely information disclosure without imposing an undue burden on the issuer. The amended regulations are summarized in the following details. 1. In addition to the existing requirements for reporting the IPO shares results (Form 81-1-IPO), the issuer shall submit a supplement...
The amendment to the regulations related to the provision of NVDR transaction services by securities companies aims to enhance clarity and serve the original intent of the introduction of NVDR to support foreign investors’ participation in the Thai capital market without being subject to the foreign limit. The amendment also aims to prevent the misuse of NVDR securities as a tool for evading compliance with relevant regulations such as the compulsory reporting on acquisition and disposition of s...