The SEC supervises intermediaries? efficiency with an emphasis on risk management, suitable business model and risk profile of each securities house.? SEC Assistant Secretary-General Paralee Sukonthaman said: ?The SEC supervision takes into serious account intermediaries? managerial structure and work systems to ensure protection of clients? best interest and the overall market reliability. Some of the key issues include competent personnel, professional code of conduct, effective risk managemen...
Bangkok, August 18, 2014 ? Vorapol Socatiyanurak, SEC Secretary-General said that the SEC recently presented the benefit of infrastructure funds for infrastructure development in Thailand to Air Chief Marshal Prajin Jantong the Commander-in-Chief of the Royal Thai Air Force, the deputy chief of the National Council for Peace and Order (NCPO). The infrastructure fund regulations have been in force to accommodate both public and private sectors to set up infrastructure funds. Currently, three...
Bangkok, May 13, 2013 ? The companies aiming to broker a variety of investment units offered by different asset management companies will be eligible to apply for Type D license. Certain requirements and a minimum of 10 million baht in paid-up capital will also be applicable. Meanwhile, annual license fee will be lowered for the all Type D licenses brokering at least 3 types of the investment unit schemes from at least 10 asset management companies. SEC Secretary-General Vorapol Socatiyanurak sa...
Bangkok, April 4, 2013 ? The SEC will revise the rules determining the proportion of investment unit holdings in retail funds to allow greater dispersion of unit holdings, as well as to ensure no exploitation of this channel for the benefits of certain person or group of persons.Mr. Vorapol Socatiyanurak, SEC Secretary-General, said ?In establishing a retail fund, its investment units should be dispersed thoroughly to the investing public; thereby limiting chances for a certain person or group o...
Bangkok, March 15, 2011 ? The SEC will propose permission for precious metals business operators to undertake derivatives business limited to brokerage of precious metals derivatives, as part of the attempt to promote derivatives market development. The plan followed the Cabinet?s recent approval for inclusion of silver and platinum on the SEC list of 14 approved goods and variables under the Derivatives Act of 2003 and will support the Thailand Futures Exchange (TFEX)?s upcoming launch of silve...
Bangkok, August 28, 2012 ? ?It is necessary to expand access to sources of fund for business of all sizes, especially SMEs. The capital market can offer diverse financial vehicles and one of the suitable sources for new businesses with high growth potential is private equity (PE),? said SEC Secretary-General Vorapol Socatiyanurak at today?s seminar on ?Private Equity: Business Alliances for Business Growth.?PE is an investment of institutional investors or high net worth individuals who commit t...
supports life assurance firms to follow the proxy voting guidelines by voting for fair and useful agenda and against those with unfairness and non-transparency. The implementation of guidelines will enhance
Bangkok, January 12, 2015 ? The SEC supports asset management companies to raise their competitiveness with more distribution channels, new types of mutual funds and join business development in the
The Securities and Exchange Commission (SEC) supported the Thai Investor Association (TIA)’s Kick Off - AGM Checklist 2024, as part of the continuous endorsement for the project which presents an important opportunity for company executives, management teams, and shareholders to discuss various company matters and address key issues beneficial to the company and shareholders. Mrs. Pornanong Budsaratragoon, SEC Secretary-General, presided over the opening ceremony and gave a lecture to sha...