Following a public hearing on the proposal to amend the capital adequacy requirements for business operators to ensure that they have sufficient capital to address business risk and maintain business continuity,* the SEC has issued the following key amendments: (1) Allowing business operators to temporarily use qualified subordinated debt exceeding the shareholders' equity without counting them as total liabilities in the calculation of net capital on the condition that they rectify the...
Mrs. Pornanong Budsaratragoon, SEC Secretary-General, said: “The SEC has issued five notifications amending the regulations to expand the eligible assets of Thailand ESG Fund. These notifications were published in the Government Gazette on 16 August 2024, enabling asset management companies (AMCs) to establish a new Thailand ESG fund or revise the existing schemes to be in line with the expanded investment scope. The SEC also held a session on 14 August 2024 to clarify these amendments for...
Earlier, the SEC Board passed a resolution approving the proposed amendments to the regulatory framework for utility tokens that are ready to use, ensuring that the regulations align with the characteristics, risks, and usage of each type of utility token. The aim is to provide adequate and appropriate protection for the users without hindering the use of technologies in business and industrial sectors, the development of innovation, and the promotion of the national digital economy policy. Subs...
The CMSB has amended the regulations for granting general approval of registered capital reduction for business operators on the condition that such reduction meets all specified criteria, including no impacts on the shareholders’ structure, no impacts on the shareholders’ equity and no violation of relevant regulations. Previously, the SEC found that applications for registered capital reduction of securities companies in many cases did not meet the criteria for granting general approval for re...
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...
Currently, rules on providing investor services and communication of securities company regarding offering for sale of high-risk or complex capital market products do not cover the provision of NC bonds. The SEC has therefore amended the governing rules with the following key points: (1) Specifying NC bond as a high-risk or complex capital market product; (2) Requiring the offering of NC bond to comply with the rules on communication and investor services for high-risk or complex capital...
The amendments contain key points as follows: (1) Repealing the requirement for crowdfunding debt (CFD) issuers to report significant events to the SEC, as specified in the Notification of the Office of the Securities and Exchange Commission No. Sor Jor. 63/2559 Re: Reporting of Information Disclosure of Debt Securities Issuers After Offer for Sale of Debt Securities, dated 29 December 2016. This repeal is proposed because funding portals operating under SEC supervision already serve as interme...
The amendments contain key points as follows: (1) Repealing the requirement for crowdfunding debt (CFD) issuers to report significant events to the SEC, as specified in the Notification of the Office of the Securities and Exchange Commission No. Sor Jor. 63/2559 Re: Reporting of Information Disclosure of Debt Securities Issuers After Offer for Sale of Debt Securities, dated 29 December 2016. This repeal is proposed because funding portals operating under SEC supervision already serve as i...
On 13 August 2024, the Cabinet passed a resolution acknowledging the offering for sale of Vayupak Fund to the general public as proposed by the Ministry of Finance. The initiative aims to promote long-term savings and investments among the public and to support the development of the Thai capital market by mobilizing funds into the Stock Exchange of Thailand (SET), which would in turn reduce reliance on foreign investment funds. Vayupak Fund plans to issue investment units totaling a...