its use. 2 SECTION 4. The following provision shall be added as Section 10/1 of the Provident Fund Act B.E. 2530: “SECTION 10/1. In cases of economic crisis, disaster or any other severe events widely
Economic and Social Development Plan as well as objectives of securities regulation. Amendments Details 6.1 Preparation of SEC’ s operating plan To amend provision on the preparation of SEC’ s operating plan
capital market and mobilization of domestic savings. In addition, Thailand is currently facing the problem of economic slow-down which has resulted from sluggish conditions of various business sectors
facing the problem of economic slow-down which has resulted from sluggish conditions of various business sectors, coupled with a shortage of current capital, in particular, in the property sector. These
protecting investors, promoting fairness, efficiency, transparency of the capital market, and reducing financial systemic risk, and also in convergence with the National Strategy and the National Economic and
period of delay at the rate of five percent per month of the amount of savings or contribution whose remittance is delayed. Section 10/1.4 In cases of economic crisis, disaster or any other severe events
economic crisis, disaster or any other severe events widely affecting economic condition, the Minister may approve the employees or employers being unable to pay savings or contributions into the fund to
of the Minister. Section 27. Where it is necessary to maintain the economic and financial stability of the country, or to protect the public interest, the Minister, upon the recommendation of the SEC
Minister. Section 27. Where it is necessary to maintain the economic and financial stability of the country, or to protect the public interest, the Minister, upon the recommendation of the SEC, shall have