Bangkok, August 17, 2012 - The SEC imposed administrative sanction on seven investment consultants for their failure to record clients' securities or derivatives trading orders by suspending one employee of Ausiris Futures Co., Ltd. {A} and four employees of KGI Securities (Thailand) PLC {B}, {C}, {D}, and {E}, effectively from August 17, 2012, as well as revealing inappropriate actions of {F} and {G}. The SEC found from the routine inspection that {A} frequently failed to record her clients' de...
Bangkok, May 27, 2014 ? The SEC revealed audit inspection results on eight audit firms; citing all of them met quality requirements. The result, however, showed room for improvement in the area of engagement performance, if improved will heighten their efficiency and bolster investor confidence in the Thai capital market. The SEC?s audit inspection in 2013 covering eight audit firms indicated that every firm passed the six key elements with highest average score in the area of client accep...
Bangkok, January 22, 2014 ? Following the acquisition of control over Electronics Industry Public Company Limited (EIC) by Bee Taechaubol and Thai Prime Co.Ltd., where the tender offer for all EIC shares has been launched at 1.25 baht per share, Bee has been found purchasing 1,017,500 EIC shares through the Stock Exchange of Thailand (SET) at 3.50 baht a share. The tender offer will be closed on January 27, 2014.As the purchase price is higher than the tender offer price, it caused unfair tre...
Bangkok, May 12, 2015 ? The SEC published 2014 Independent Audit Inspection Activities Report covering inspection of 12 audit firms and working papers of 46 approved capital market auditors. The inspection showed impressive progress, paving the way to the quality enhancement and increase the number of capital market auditors to accommodate the growth of Thai capital market. Tipsuda Thavaramara, SEC Deputy Secretary-General said, ?At present, Thailand audit oversight has been developed and reco...
In pursuant to the Royal Decree on Digital Asset Businesses, B.E. 2561, which took effect on 14 May 2018, allows existing digital asset business operators who submit their requests to SEC within 90 days (within 14 August 2018) to continue their businesses until an order to cease their businesses is given.As of 14 August 2018, these seven existing businesses seeking operating licenses, in line with the transitional provisions, are allowed to operate their digital asset businesses.Five of th...
Bangkok, September 25, 2014 - The SEC organized ?3rd SEC Working Papers Forum?, jointly with the Faculty of Business Administration and the Faculty of Management Sciences, Kasetsart University presented three research papers on ?Listed Company Assessment?. Dr. Vorapol Socatiyanurak, SEC Secretary-General said that the third SEC Working Papers Forum, organized under the MoU with four leading business schools aiming to provide a platform for capital market research presentation and implementation....
Bangkok, June 2, 2015 ? The SEC jointly with the School of Development Economics of NIDA hosted the 4th SEC Working Papers Forum, 2015 on ?Global financial market risks and financial plan for retirement?. Presented at the Forum were the study on major exchange volatilities which are interrelated during the crisis and the study allocation of investment suggesting that starting plan for retirement early increase chances of achieving happy retirement.The SEC Working Papers Forum has been hosted und...
In this regard, the SEC reiterates its warning to DA business operators to fulfill their duties in safeguarding clients’ digital assets in accordance with established criteria, with a primary emphasis on security. Under the SEC’s regulations, DA business operators must take into account risks of fraud and cyber theft, and are prohibited from providing services related to digital assets through business operators who are currently under criminal complaints imposed by the SEC or under legal procee...
After STARK had failed to prepare and submit its financial statements for the year 2022 within the specified period as required by law, the SEC, by virtue of Section 58 of the SEA, instructed the company to clarify its plan for the preparation and submission of such financial statements, including the repayment of all bonds issued by the company together with the possible impacts on investors, so that investors can have information for decision-making. At the same time, STARK was also instructed...
SEC held the second meeting with the “SME Startup PE VC” working group, set up to promote access to the Thai capital market by small- and medium-sized enterprises, startups, private equity firms, and venture capital firms, on 19 December 2019. Methods for fund mobilization and trading of shares of SMEs and startups on secondary markets were discussed. Conclusions from said discussion are as follows: 1. SMEs and startups are required to be limited companies or public limited...