amended regulations on custody of assets, with key essences as follows: (1) Withdrawal or transfer of fiat money from the accounts opened for the benefit of clients shall comply with the principles for
enhance the efficiency of the existing provident funds. Essentially, the key principles of the amendments are as follows: 1. Fund management and structure: e.g., revising provisions to support the
includes measures such as automatic enrollment and default investment options, and more flexible withdrawal options from the fund; 3. revising the PVD Act to enhance the powers and
is proposing additional regulations related to custody of clients’ assets by requiring that digital asset business operators undertake the following actions: 1) Custody of fiat money: withdrawal and
by the SEC Board and its deposit/withdrawal service for all types of cryptocurrency in its Trade Wallet. The suspension of such services may cause damage to the public. Pursuant to Paragraph 1 of
Bangkok, October 2, 2015 The SEC has rolled out an initiative to enhance sustainability of the financial reporting ecosystem, which is paramount to the integrity and soundness of the Thai capital
Bangkok, February 9, 2016 ? The SEC is seeking public comments on draft amendments to several regulations governing provident fund (PVD) management to promote PVD as an effective savings chanel for employees. The revision aims at encouraging employees to save more, save longer, and save smart, to enjoy better quality of life after retirement.The proposed amendments would require that asset management companies comply with the following key regulations: 1) To provide several investment plans f...
Under the existing regulations, each business operator allows to prepare the customer complaints’ handling report in its own style and classify the type of complaints as it deems appropriate. Such variations have caused SEC extra time on processing the data for regulatory use. In addition, the current regulation which requires the operator to submit the report in paper form to SEC has incurred an undue burden to the business. SEC, therefore, proposes to amend the regulations by requiring...
, which will serve as another important milestone reflecting the strong relationship between the SECC and SEC Thailand. During this meeting, the SECC and SEC Thailand also agreed to enhance the strong