The ASEAN Capital Markets Forum (ACMF) today approved the ACMF Annual Implementation Plan 2016 (Annual Plan 2016), which sets out ACMF?s immediate priorities for the year, during its 24th meeting
Bangkok, February 9, 2016 ? The SEC is seeking public comments on draft amendments to several regulations governing provident fund (PVD) management to promote PVD as an effective savings chanel for employees. The revision aims at encouraging employees to save more, save longer, and save smart, to enjoy better quality of life after retirement.The proposed amendments would require that asset management companies comply with the following key regulations: 1) To provide several investment plans f...
Under the existing regulations, each business operator allows to prepare the customer complaints’ handling report in its own style and classify the type of complaints as it deems appropriate. Such variations have caused SEC extra time on processing the data for regulatory use. In addition, the current regulation which requires the operator to submit the report in paper form to SEC has incurred an undue burden to the business. SEC, therefore, proposes to amend the regulations by requiring...
As part of continuing efforts to support market confidence and business integrity, the OECD has launched in Asia a new set of corporate governance principles that were endorsed at the G20 Finance Ministers meeting in September 2015. The G20/OECD Principles of Corporate Governance provide recommendations for national policymakers on key corporate governance issues, such as shareholder rights, executive remuneration, financial disclosure, the behaviour of institutional investors, boardroom practic...
Following the discussion with TFAC on 13 March 2020, SEC submitted a letter to TFAC on 17 March 2020 to propose an issuance of accounting guidelines in response to the COVID-19 situation that could affect the preparation of financial statements of listed companies. The main objective of the guidelines is to ensure clarity of application of accounting standards in financial statements of listed companies during the crisis and mitigate potential impacts on business operation. The two acc...
The SEC Strategic Plan 2024–2026 prioritizes the strengthening of Thai capital market trust and highlighting the critical significance of investor confidence in cultivating a robust capital market that serves as a channel for fundraising of businesses and investment for investors. Ultimately, the goal is to achieve sustainable development, reduce inequalities. Recognizing the importance of complete, transparent, and timely IPO information for investors’ informed decision-making, the SEC aims to...
, which will serve as another important milestone reflecting the strong relationship between the SECC and SEC Thailand. During this meeting, the SECC and SEC Thailand also agreed to enhance the strong
The SEC had reviewed the criteria related to report on securities (i.e., shares and convertible securities) or derivatives holding of listed companies’ directors, executives, and auditors** and proposed amendments to such criteria to reduce redundancy and inject flexibility for reporting parties while ensuring that data users receive sufficient information within an appropriate time. Having received comments and recommendations from the public consultation at the end of 2022, the SEC has refined...
On 15 November 2022, the Capital Market Supervisory Baord Meeting No. 11/2565 passed a resolution approving the proposal for amendment to the regulations on equity allocation to promote clarity. The SEC later conducted a public hearing to gather views and suggestions on the matter from stakeholders during February – March 2023. The finalized amendment to the equity allocation regulations* has recently been issued. Essentially, an equity issuing company is required to comply with the following pr...