Bangkok, 1 August 2017 ? The SEC requires that Polaris Capital Public Company Limited (POLAR) immediately submit the special audit report which has passed due on 24 July 2017. Previously, the SEC instructed POLAR to conduct a special audit on the sources, existence and completeness of the accounting records and the disclosure in the financial statements of the liabilities whose material information differed from what had appeared in the application for business rehabilitation. POLAR missed the s...
, under their management to meet the requirement instead of being subject to immediate dissolution on the closing date of the unitholder register.In addition, the SEC is proposing a waiver of compulsory
capital requirements are also stipulated in the proposed amendments.SEC is now seeking public comments on the revised draft notification on the maintenance of capital which has been refined in certain
. Teetiphun Theppadungporn's directorship. Given such circumstances, the SEC views that an immediate arrangement of a shareholders? meeting to appoint new directors is imperative. The SEC has thus instructed
the proposals on the calculation of subordinated facility to support an immediate increase in transactions, as well as the calculation of digital asset business risk and business suspension for any
received comments and recommendations from the public consultation at the end of 2022, the SEC has refined the wording of the criteria for more clarity. The key points are as follows:(1) Revision of
sent a letter to the bond issuer to demand immediate repayment of the bond reaching maturity. The SEC requires that the bondholder representative analyze the benefits and shortcomings as well as the
transaction confirmation evidence that must be issued by the responsible asset management company or the selling agent bank only. In case of doubts, immediate contact with the compliance unit is recommended
maintain their status as a capital market auditor without immediate termination, provided that steps are taken by the auditor to make rectification to obtain the prescribed qualifications within the given
an important first sign to consider whether or not a prespective company is worth investing. The SEC therefore requires immediate disclosure and reporting in case of severe damage, business