Bangkok, October 31, 2013 ? The SEC is seeking public comment on revising the rules to exempt independent directors? requirement of licensed derivatives advisors and authorized financial institutions established under other laws. The proposed revision includes the exemption of independent director rules for all licensed business operators, under the specified criteria. The qualifications of independent director will also be revised to more appropriate.?The consultation paper is available on the...
Bangkok, August 13, 2013 ? The SEC is seeking public comment on draft amendments to the rules governing fund investment in Greater Mekong Subregion (GMS) to wider variety of investment choices. The consultation paper is available until August 20, 2013.The SEC proposes to allow mutual fund, private fund, provident fund and accredited investor fund to invest in both listed and unlisted instruments of the GMS countries, namely Cambodia, Laos and Myanmar, currently not regulated by members of Intern...
. Reviewed by taking into account comments and recommendations of the business operators received from the previous public hearing, the draft rules include rectification period, restriction of business
Bangkok, February 21, 2014 ? The SEC is seeking public comment on revising the regulations concerning independent directors of licensed securities and derivatives business operators. The proposed regulations, however, do not apply to licensed venture capital, securities inter-dealer broker and securities investment advisors. For all of the licensees subject to the regulations, they must appoint the independent directors at least one fourth of all directors, providing that the independent direct...
Bangkok, June 5, 2014 ? The SEC is seeking public comment on revision of rules governing mutual fund prospectus to provide more useful information for investment decision making. Management companies will be required to disclose additional information such as portfolio turnover ratio (PTR), trading costs, and trigger fund. The consultation paper is available on www.sec.or.th. Stakeholders and those interested in the proposal are welcome to submit comments through the website, or facsimile numbe...
Bangkok, October 27, 2008 ? In support of the SEC Board?s policy to promote gold futures trading, the SEC, in consultation with the Finance Ministry, the Bank of Thailand, Thailand Futures Exchange Plc. (TFEX) and gold business operators, has explored possibilities for gold business operators to take part in the gold future business through becoming limited derivatives agents, selling agents or introducing agents, as deemed appropriate. In accommodating those business undertakings, the SEC is i...
Bangkok, May 20, 2011 - The SEC will issue five regulations on establishment and management of infrastructure fund which govern commitment between unitholders and asset management company, details of infrastructure fund project, prospectus, appointment and performance of duty of fund manager and approval of investor contact.Infrastructure fund will become a new investment alternative while private and public sector will have fund source for development of infrastructure which will help ease burd...
Bangkok, August 7, 2009 ? The SEC is conducting a public consultation on the proposed revision to derivative warrant (DW) rules to facilitate the issuance and offering of DW while ensuring proper investor protection according to the risk levels of different types of DW. The principles for the revision are as follows: 1. Qualifications of DW issuer: In case of partial or no collateralization, DW issuer is required to have risk management capability and strong financial position in order to r...