the SEC views that the appointed directors have infamous conducts, or there is a cause to reasonably suspect of their being threats to the economy and stability of the country or to the public order or
highest responsibility in Accounting and Finance (“CFO") and the person assigned to the direct responsibility of supervising accounting preparation (“Chief Accountant") are required to have an education
as follows; (1) Fast Track: auditors who a) are under supervision by an audit oversight authority that has same auditor oversight standard as that of the SEC, and b) have experience in auditing and
rules for the trading, clearing and settlement of securities must be approved by the SEC Board. In the case where there are adverse effects to the public or the economy, the SEC Board has the powers to
standardized protocol for monitoring and supervision of digital asset businesses, and to reduce the necessity for case-by-case data submission. Currently, some digital asset brokers, dealers and exchanges have
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 as a tool to commit
managers who have been operating such businesses since before 27 November 2020 and would like to continue such business operation that they are required to apply for the respective licenses with the SEC by
. Reformation and Legal Framework Extent of director liability index Thai law protects the right of minority investors to bring an action against any director who acts or omits to act in any way that constitutes
. Clarifying, in conjunction with the issuers, to the SEC in the cases that the actual operating results are significantly different from the estimate. 2. Acquisition of securities for business takeover
rules for the trading, clearing and settlement of securities must be approved by the SEC Board. In the case where there are adverse effects to the public or the economy, the SEC Board has the powers to