would be required to ensure that there is a separate securities account for each UBO and register for authentication with the BOT or proceed with any other actions for the BOT’s acknowledgement of the
business sector. Therefore, the Regulatory Guillotine is an important scheme under SEC strategic plan (2020-2022). SEC will lessen its processes, procedures and document required for submission toward SEC
business services to minors in accordance with the same standard and the Civil and Commercial Code. Essentially, all digital asset business operators are required to: (1) Consider the information related
. Determining transactions waived from the definitions of being digital asset advisers and digital asset fund managers and determining digital asset fund managers require a process to select outsiders to proceed
. Por. 5964/2562. On 22 December 2020, the Appeal Court rendered the judgement,* opposing the Civil Court’s decision. In this regard, the defendant is required to pay civil penalty twice the amount of
trustees shall be made in accordance with the rules and regulations specified by SEC and that trustees are permitted to charge for expenses incurred in making copies of documents as required by the SEC
rendered a judgement in the Red Case No. Por. 5396/2562, wherein the defendant was required to pay (1) a civil penalty, 1.25 times the benefits that the defendant received or would have received from
addition, the SET would be required to make an annual contribution of at least 90 percent of the profits after deducting tax and operating expenses. According to the 3rd Capital Market Development Plan (2017
to establish a quorum as required by the Public Limited Companies Act B.E.2535 (1992), the company’s remaining directors must therefore perform their duties in accordance with Section 83 of the
. (Zipmex) for the Minister of Finance’s consideration. Meanwhile, as long as Zipmex continues its business operations, the company is subject to business suspension and is required to return assets to its