With reference to the auditor’s qualified opinion on SAM’s financial statements for Q1 to Q3 of 2024, as submitted by the Company – Q1 and Q2 financial statements on 24 October 2024, and the Q3 financial statements on 18 December 2024 – the auditor stated that they were unable to review the inventory. SAM had explained that the inventory consisted of obsolete and damaged goods that were no longer usable, consequently necessitating sales below cost. However, the auditor was unable to verify this...
Currently, the existing regulations require that the foreign issuer of baht bonds comply with the approval and disclosure rules in the same manner as other types of bonds. Additionally, to issue and offer for sale of baht bonds, the foreign entity issuer must obtain an approval and adhere to the obligations specified by the Ministry of Finance. However, given the changing contexts and landscape of the bond market, the relevant ministerial regulations would be repealed and instead the foreign iss...
The SEC is proposing to amend the regulations regarding funding portals to implement a more suitable and effective system for screening or evaluating the credibility and risk level of crowdfunding
; (2) DA fund managers would be required to keep documentation of their activities related to digital asset fund management, including documentation regarding consideration and decision making on
presentation formats and clear presentation measures regarding warning on investment risks. The proposed amendment requires ICO portals and ICO issuers to put in place appropriate warning statements under the
warnings regarding client asset keeping on their websites and applications.The SEC views that digital asset investors should receive notifications in order to be aware of and able to use or store their
SEC Secretary-General Ruenvadee Suwanmongkol stated that the SEC Board Meeting No. 12/2564 held on 9 June 2021 had passed a resolution approving the Notification of the Securities and Exchange Commission No. Kor Thor. 18/2564 Re: Rules, Conditions and Procedures for Undertaking Digital Asset Businesses (No. 11). After publication in the Government Gazette, the Notification has become effective from 11 June 2021 onwards without retrospective effect. Essentially, the Notification prescribes...
presence.Furthermore, the revision of regulations regarding the prevention and management of conflicts of interests is an important policy towards investment business operation and is also one of the pioneer programs