Pursuant to the proposed amendments, the fee for undertaking a derivatives exchange business would be determined at the rate of 0.05 baht per contract per side for trades executed within the derivatives exchange with a minimum fee of 2 million baht in place of the existing fee which only prescribes the fixed rate of 2 million baht. Also, agricultural commodity derivatives would be granted an exemption from the calculation to support agricultural commodity business operators. The new fee i...
Pursuant to the existing regulations that have been effective since 2004, listed companies are required to pay an annual fee for submission of the annual registration statement to the SEC. In this regard, the annual fee is calculated based on the shareholders’ equity presented in the financial statements for the latest accounting year that have been submitted to the SEC. In case of a listed company not submitting the latest annual financial statements within the specified period, the SEC will ca...
increase purchasing power. SEC therefore proposes the inclusion of additional securities classes for margin lending by securities company to the customer for investments apart from listed securities. Such
SEC has opened for public comments to revise the regulations on supervision of fintech as there are some business operators applying fintech to improve their service efficiency for investors. For example, algorithm or computer coding has been used in the process of investment analysis, advice, and investment decision-making. Therefore, it could lead to new services offering and help investors to have alternatives by using the capital market to accumulate wealth in the long run.SEC studied...
Currently, there are no licensing regulation for digital asset custodial wallet providers in Thailand. Thus, a digital asset business operator who performs safekeeping of clients’ digital assets with a total value of 15 million baht or more* has to store clients’ digital assets with foreign digital asset custodians not subject to Thai law and supervision of the Thai regulator. In addition, discussions with relevant enforcement agencies have raised concerns that digital assets may be used...
SEC Secretary-General Ruenvadee Suwanmongkol said that bonds are an important mean of fund-raising that the business sector uses to create liquidity and expand their businesses, as well as use as substitutes of or additions from loans from financial institutions. Most of the bonds are credible to invest in, called investment grade, yet there are some that are not as credible, called non-investment grade, as well as some that remain unrated, on which SEC regulates strictly to protect the...
Bangkok, April 18, 2014 ? The SEC is seeking further public comment on revision of asset management company's reporting which was posted for public hearing in late 2013. The revision proposes to
Bangkok, April 18, 2014 ? The SEC is seeking further public comment on revision of asset management company?s reporting which was posted for public hearing in late 2013. The revision proposes to
improve the regulations regarding token holder resolutions and relevant procedures, the SEC proposes a set of rules involving methods and reasons for seeking votes from token holders, the determination of
The SEC proposes to revise the IA refresher course regulations to enhance their knowledge review criteria to be more appropriate and serve the needs of their roles and responsibilities. A previous