Persistence of Performance http://www.sec.or.th Empirical Paper Methodology Evidence Sharpe (1966) Spearman rank correlation Yes Jensen (1968) Jensen’s alpha No Grinblatt&Titman (1989,1992) Jensen’s alpha Yes

required to examine the issue raised by the auditor whether the questionable transactions of land sales and purchases were in line with the normal course of business operation.Concurrently, the SEC

business operator having NC below the minimum requirements.Now, SEC has drafted related regulations by taking into account the concerns and suggestions raised by the private sector during the public

Thailand, especially innovative startups. The proposed supervision allows those enterprises to offer for sale of shares and debentures through regulated funding portal with lower cost. The fund raised

contribute toward achieving resiliency of our financial markets and step forward on the path of greater integration, sustainable growth and inclusivity for all.” The participants raised and

related receipt and payment transactions, and the accounting records practice. The company was also required to examine the issue raised by the auditor whether the questionable transactions of land sales

include:   - disclosure of additional information to cover individual remunerations for executives of the highest rank, e.g., chief executive officer and managing director;    - extending the periods for

receive the funds raised during subscription period. Therefore, the Capital Market Supervisory Board agreed to revise the rules on the debenture crowdfunding to exempt the previous All-or-Nothing rule and

end of ICO period?   Comments: 6. Minimum threshold amount to be raised from each ICO An ICO issuer shall set a minimum threshold amount to be raised from each ICO or a soft cap. If the minimum

expected to help tackle with the issues concerning discounted private placement, capital increase without clear objective or use of money raised through capital increase for other objectives.