According to the first paragraph of Section 23 of Provident Fund Act, when an employee’s membership terminates on a cause other than the dissolution of the fund, the fund manager shall make payment out of the fund to the employee in accordance with the rules and procedures provided in the fund’s articles and as prescribed by Section 23/1, and such payment shall be made in one lump sum within thirty days from the date of termination of membership. However, in practice, the payment could no...

own low risk exposure. In addition, such requirement may be inconsistent with the business types or the business risks of intermediaries, and may not support the development of new businesses that make

Bangkok, December 12, 2014 ? The SEC is seeking public comment on proposed  revisions of capital requirement for asset management companies to maintain adequate minimum capital requirement for

Board.Therefore, the SEC is now open for public comments on the draft regulation on capital requirement and other relevant documents. Key points are summarized as follows:  (1) Adjustments to the paid-up

and continuous audit work for listed companies in compliance with stricter professional standards.   The SEC is therefore reviewing related regulations* and proposing the requirement of a minimum of

for recruiting more auditors to meet the minimum requirement and give the unqualified auditors* a sufficient time to rectify their qualifications. The SEC took the suggestions into account to revise