The SEC has opined that organizing a shareholders meeting to elect new directors in order for IFEC’s board of directors to have a quorum in compliance with the law would be a proper way for IFEC to urgently solve its problems, such as loan defaults  and failure to prepare an submit financial statements to the Stock Exchange of Thailand (SET) to avoid a possible delisting from the SET and mitigate impact on investors and shareholders.  Since the Commerce Ministry’s Department of Business...

SEC has prepared a questionnaire surveying preparedness toward the Personal Data Protection Act, B.E. 2562 in April 2020 for self-assessment of 276 organizations under its supervision. Based on the results, 192 firms responded, scoring 70% total preparedness in personal data protection.Business operators, who need to accelerate their preparedness for the Personal Data Protection Act, have been advised by SEC to accelerate the following, four main issues.(1) Considering appropriate legal b...

The SEC emphasizes the importance of supporting relevant parties and key stakeholders in the financial reporting ecosystem to ensure that they are capable of performing their duties appropriately. Several projects and activities related to enhancing the quality of financial reports are organized on a continuing basis to strengthen credibility of finanical reports and investor protection. This includes inspection of audit firms’ quality control systems, which has been running since 2010.  Accordi...

inspection to the SEC Office and the auditor within thirty days since the date of notification from the auditor in case that the auditor discovers any suspicious circumstance that the director or executives of

within thirty days since the date of notification from the auditor in case that the auditor discovers any suspicious circumstance that the director or executives of B commits an offence which is within the

and the auditor within thirty days since the date of notification from the auditor in case that the auditor discovers any suspicious circumstance that the director or executives of B commits an offence

thirty days since the date of notification from the auditor. When the auditor discovers any suspicious circumstance that the director, manager, or any person responsible for the operation of TSF commits an

within thirty days since the date of notification from the auditor. When the auditor discovers any suspicious circumstance that the director, manager, or any person responsible for the operation of TSF

auditor within thirty days since the date of notification from the auditor. When the auditor discovers any suspicious circumstance that the director, manager, or any person responsible for the operation of

Following a tip from a reliable source and SEC’s further inspection, SEC finds that Devere & Partners and Mr. Ian Mcintyre had operated securities brokerage and investment advisory businesses