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...
The SEC’s policy is to strengthen the oversight of digital asset business operators with a focus on quality and reliability enhancement of such business operator to protect investors. This means the records of investors’ assets under custody of the business operators must be accurate, complete and updated while the assets must be properly protected from relevant risks. In September 2021, the SEC conducted a public hearing on a proposed amendment to the regulations on custody of clients’ assets....
It is the SEC’s policy to increase SMEs’ business opportunities by allowing them more convenient access to financial services in accordance with the Master Plan under the 20-Year National Strategy (2018-2037). In this regard, the SEC has revised the SMEs share offering rules to provide SMEs with wider choices of fundraising channels, including share offering to the issuer’s group of companies. This amendment approved by the Capital Market Supervisory Board Meeting No. 2/2565 on 15 Febru...
The amended rules on approval of ICO portals give the applicants more flexibility and reduce risk on developing/investing in high-cost work systems while the approval process is underway. Pursuant to the amended rules, the approval process is now divided into two steps, namely: (1) examining the qualifications and appropriateness of the required work systems according to the application supporting documents within 90 days from the date of filing the application with SEC, and (2) inspecti...
Earlier, the Capital Market Supervisory Board passed a resolution approving the amended regulations for newly issued share offering of listed companies through private placement. Essentially, the amendments contain the following provisions: 1. Cancel the approval application procedure, retain information disclosure in the shareholders' meeting notice, and require the opinion of an independent financial advisor (IFA) in the event of major changes; 2. Allow the remaining shares from a prefer...
On 10 November 2022, the SEC Board Meeting No. 15/2565 passed a resolution approving the SEC’s proposal for amending the regulations related to quota allocation for foreign exchange transactions of digital asset business operators. Essentially, the proposed amendment would allow digital asset fund managers to apply for a quota to execute foreign exchange transactions with financial institutions in Thailand regarding purchases of digital assets overseas and payments for related expenses. The inte...
The amended regulations on the reporting of changes involve securities, namely shares, convertible securities and derivatives held by directors, executives and auditors of listed companies.** By ensuring more appropriateness, less reporting repetition, and more flexibility for those responsible for the reporting, the amendment still ensures that the users receive sufficient information in a timely manner. The key points of the amendment are as follows: 1) Extending the reporting period f...
At present, securities and derivatives business operators (Thai business operators)* are allowed to provide services for Thai investors’ investment in foreign capital market products through business operators in foreign jurisdictions/countries with their personnel giving investment advice. Under the governing rules and procedures, foreign business operators, having the prescribed characteristics and giving advice or information on foreign currency denominated capital market products through Tha...
The SEC has implemented the regulatory guillotine scheme,** which aims to review and revise regulations to suit the current situations, enhance competitiveness, and facilitate operations of business sectors. In so doing, the SEC cooperates and discuss with the Association of Investment Management Companies (AIMC) to amend the regulations for calculation and announcement of net asset value (NAV) of investment units and the price of the investment units of UI mutual funds to be consistent wi...
Earlier, the SEC conducted a public hearing on proposed principles and amendments regarding the exemption of the digital asset fund manager license for SCs and AMCs managing MF and PF investments in digital assets. This initiative aims to facilitate greater investor access to investment tokens in both primary and secondary markets through traditional financial institutions. Such a development will contribute to a more complete investment token ecosystem while increasing investment flexibility an...