In the past, SEC had been approving securities business operators to assign outsourcing in other operations related to businesses for the effectiveness and flexibility of the operation. Business providers are still responsible for any actions operated by the outsourced company while the outsourced company must also have the readiness in both personnel and the operating system, and such operation must be under appropriate supervision.SEC is revising the regulations regarding supervision of...
Pursuant the Digital Asset Business Law, as amended, digital asset business operators having any of the following characteristics are deemed to be providing services to persons in Thailand, which requires proper license under the Digital Asset Business Law: (1) having a digital platform displayed, in whole or in part, in the Thai language; (2) having a digital platform registered by using a domain name with the extension “.th” or “.ไทย” or any other name that signifies Thailand or the Kingd...
The SEC has provided guidelines for promoting the growth of digital asset custodial wallet providers (DA custodians) by supporting them in maintaining appropriate costs. This initiative aims to increase alternatives for digital asset businesses seeking to store client assets with domestic DA custodians. Additionally, the SEC is working to enhance the digital token ecosystem by facilitating both primary market offerings and secondary market trading. To achieve this, the SEC is reducing the NC req...
The Securities and Exchange Commission (SEC), led by Secretary-General Pornanong Budsaratragoon, along with SEC executives, held a joint meeting with the Custodian Club, led by President Utumporn Viranuvatti, and club members, to discuss strategies for elevating the efficiency in the standards of post-trade services of investment management companies. Both parties also exchanged views on the roles of custodians under draft amendments to the Provident Fund (PVD) Act and within the securities trad...
environment resulted from freer flow of capital and ever more connected capital markets and economies.??In the past years, the SEC has put a lot of efforts to uplift professional standards and audit quality in
Bangkok, June 5, 2015 ? SEC Secretary-General talked strategy and vision, emphasizing on understanding business and improvement of ecosystem where regulations are practical and developed from the views of regulator and regulated persons. Meanwhile, better communication will allow stakeholders to learn of purposes, objectives and benefits of the regulations which must also be responsive to their needs. As such, intended outcomes from the supervision and development of the Thai capital market will...
SEC Secretary-General Ruenvadee Suwanmongkol said: “The SEC has issued regulations supporting fundraising in the capital market for emerging businesses such as SMEs and startups. Effective since 16 January 2022, the regulations allow relaxation and prevent excessive burdens by, for example, waiving the application filing and the appointment of financial advisor, and allow initial public offering (IPO), share listing and trading in a new secondary market, LiVe Exchange.” In this regard, the SEC...
plant infrastructure funds to use the capital market to raise funds as the industry is important to national development. The move will bring the regulations into alignment with the government’s
Bangkok, February 14, 2013 ? The SEC encourages the public sector to raise funds and improve their operations via the capital market, with infrastructure funds, securitized bonds and scripless forms