Bangkok, April 22, 2014 ? The SEC unveiled the Independent Audit Inspection Activities Report 2013 which reflected advancement of audit oversight in Thailand, underlined transparency in auditor supervision and trustworthiness of listed companies? financial reporting. Vorapol Socatiyanurak, SEC Secretary-General said that ?Following the 2010 revamp of audit oversight to require SEC-registered auditors work for audit firms having quality assurance system in compliance with professional standards,...
SEC Assistant Secretary-General Praoporn Senanarong said: “The debt crowdfunding* scheme is part of the SEC’s regulatory efforts to support the governmental policy on promoting greater access to alternative financing resources for SMEs and startups to raise fund and expand their business growth. The new scheme follows a similar regulatory framework governing the existing equity crowdfunding rules. Pursuant to the new regulations, an eligible fundraiser for the crowdfunding scheme must...
SEC Secretary-General Pornanong Budsaratragoon said: “The Thai capital market has developed in line with the global emphasis on climate change initiatives. The Thai version of the TCFD Recommendations, prepared by the SEC with support from the TCFD, is a vital tool for listed companies, investment analysts and asset managers to gain a better understanding of climate-related financial disclosures that involve risks and opportunities concerning climate change, enabling them to analyze secur...
Bangkok, 4 March 2024 – The Securities and Exchange Commission (SEC) has released a handbook for convening effective and transparent bondholders’ meetings while promoting the exercise of bondholders’ rights. A bondholders’ meeting serves as a crucial platform for bondholders to stay informed of important developments and to engage in decision-making on matters that may affect debt repayment. The newly launched Bondholders’ Meetings Handbook provides comprehensive guidance to bond issuers, bondho...
Bangkok, June 17, 2013 ? The SEC has reintroduced mobile application ?start-to-invest?, providing more information on new products, inflation-adjusted investment calculator and business operator quick contact. SEC Secretary-General Vorapol Socatiyanurak said the SEC has developed ?start-to-invest II?, the ready-to-download mobile application for investors and interested people after its predecessor launched in May 2012 has been well-receptive. The new version includes additional categories of fi...
The amendments will enhance the standards for issuance and offering of debt securities and the disclosure rules to better align with current circumstances and ensure that investors will receive comprehensive and timely information for making investment decisions. To become effective from 1 August 2024 onwards*, the amendments contain the key points as summarized below: (1) An issuer with existing bonds that are in the process of being extended or having their payments deferred, or are current...
With this manual as guidance, it is expected that the business operators will accordingly review their risk management policies and procedures and report the results to the SEC as part of their 2024 annual compliance reports. In this front, reporting of any non-application or unfinished application of the recommended guidelines shall be accompanied by the explanation of the associated reasons, as an additional report, which is approved by the company’s board or audit committee. The SEC is...
In May 2024, the SEC conducted a public hearing on the proposed amendments to the regulations governing the management and storage of data related to digital asset business operations with the objectives of ensuring accurate and adequate information for effective and timely monitoring and supervision of operational risk of DA operators, and enhancing trust and confidence of stakeholders. Most respondents agreed with the principles and the proposed amendments to such regulations. The SEC has ther...
After considering the issuance of rules, conditions and procedures for collecting, disposing of and allocating assets of REITs to provide business operators with clearer and more consistent and practical guidelines without imposing obstacles for business operators, the SEC has now issued four notifications of regulations concerning the collection, disposal and allocation of REIT assets, with the key points as summarized below: 1) REIT manager has the duty to notify the SEC for...
Earlier, the Audit Committee of CMO had informed the SEC of the issues raised by the auditor from the audit of the company’s financial statements as follows: an irregular withdrawal of advance