Bangkok, November 6, 2014 ? The SEC is seeking public comment on proposed revision of approval criteria for auditors in the capital market to be more practical. The proposed revisions include
This public hearing proposes to revise the qualifications for private funds under the definition of “Institutional Investor.” The proposal would allow private funds to be recognized as institutional investors without requiring to assess the qualifications of the underlying clients for investor classification purposes*. This approach is based on the fact that private funds are managed by licensed securities business operators in the category of private fund management – professionals who po...
business operation after the offering. Furthermore, the SEC has proposed a revision to the timeline for submitting financial statements for the six-month period and the annual financial statements of the