Bangkok, 13 September 2016 - The SEC has imposed a two-year suspension of approval on {A}, Executive Chairman of {X1} Company Limited, for failing to supervise the Know Your Client/Client Due Diligence (KYC/CDD) as well as client activity oversight systems. Additionally, the SEC is in the process of submitting the? case for consideration of the Criminal Fining Committee.During a routine inspection of {X1} Company Limited, the SEC found deficiencies in the company's KYC/CDD system. Also its clien...
, increasingly emphasize the importance of audit quality factor in the selection of auditors. Qualitative information in the firm inspection report is thus very useful for the selection process. In addition, the
In November 2019, SEC engaged the Thailand Development Research Institute (TDRI) to conduct a study on laws pertaining to the supervision of audit firms and auditors in foreign capital markets for supporting amendment of the Securities and Exchange Act B.E. 2535 (Securities and Exchange Act) to allow more effective and efficient supervision of audit firms and auditors in Thai capital market.SEC Secretary-General Ruenvadee Suwanmongkol said: “This is the first time SEC contracts an independ...
account the public comments gathered from the previous hearing whereby the calculation of the fees on Thai government bond dealing activities would be revised to reduce the burden on bond dealers and
approximately 1 million baht per year. This public consultation takes into account the comments and suggestions gathered from the previous hearings in August and September this year – the majority of which were
the private sector to undergo such process.The drafting process of the said rules has taken into account the comments and recommendations gathered from the previous hearing conducted in April on the
comments gathered earlier from the hearing on the guiding principles in July this year, and made further revisions to enhance flexibility and appropriateness in practice.Essentially, the rules would revise
SEC took into consideration public comments and suggestions gathered from the previous hearing on the principles of the PO rules in October last year.The consultation paper is available at www.sec.or.th
suggestions gathered therefrom, and studied further details before proposing the current draft amendments to digital asset business regulations.The consultation paper is available at https://www.sec.or.th/TH
opening an investment account cross the industry, to be applicable for all types of investment products.* The draft regulations take into account the comments and suggestions gathered from the previous