On 27 November 2019, SEC Secretary-General Ruenvadee Suwanmongkol presented to the conference on the SEC performance in driving the UNGPs in Asia - lessons learned, challenges, innovations - Part 1 “The progress of government action on the National Action Plan on Business and Human Rights and implementation that extends the National Action Plan” together with representatives from Japan, Indonesia, India, Pakistan and Nepal. Professor Dr. Surya Deva, a member of the UN Working Group on busi...
SEC studied regulations in other countries to find proper guidelines for supervision, focusing on standardized services and putting investors first. The matter is still under the discussion with the securities business operators. The proposed guidelines and this public hearing will be presented to securities business operators who plan to apply fintech in the capital markets must comply as follows: (1) Implement a policy on fintech application at board or executives level ; (2) ...
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...
). Detail of related person and conflict of interest - Name of related person: Kinpo Electronics Inc, - Relationship: Kinpo Electronics Inc, holds 40.41% in the Company and nominates 3 people to be directors
40.39% in the Company and nominates 3 people to be directors in the Company: Mr. Hsu, Sheng-Hsiung, Mr. Hsu, Sheng-Chieh and Mr. Shen, Shyh-Yong, - Name of related person: Kinpo International Ltd. (“KPI