Bangkok, 13 November 2017 ? In response to the Ministry of Finance's request, the SEC is conducting another public hearing on the draft amendment to the Securities and Exchange Act B.E. 2535 (1992) concerning the establishment of the Capital Market Development Fund (CMDF). This second consultation focuses on revising the CMDF's objectives to include necessary financial support for the Stock Exchange of Thailand (SET). The first hearing conducted earlier in the month of June attracted various,...
Bangkok, February 1, 2013 ? According to the news coverage, the Department of Special Investigation (DSI) on January 2, 2013 announced that the Special Investigation Working Team resolved to press charges against officials of the Bangkok Metropolitan Administration (BMA) and the two companies - Krungthep Thanakom Co., Ltd. (KT), Bangkok Mass Transit System PLC (BTSC) ? including their executives for involvement in the skytrain contract that they have allegedly operate railway systems or obtainin...
Earlier, the Civil Sanction Committee (CSC) resolved to impose civil sanctions on six offenders* in the case of manipulating the BM share price, requiring them to make the total payment of 8,001,949 baht (consisting of civil monetary penalties, compensations for the benefits received or would have been received, and the reimbursements of investigative expenses incurred by the SEC) and prohibiting them from trading securities or derivatives for a period of six months or 11 months each (as the cas...
Earlier, the Civil Sanction Committee resolved to impose civil sanctions on Mr. Thanawat, who was IFEC director and executive at the time of the offence. He was ordered to pay a civil fine and return any gains from the wrongdoings.* Mr. Thanawat came in to acknowledge the civil sanctions, but did not consent to comply with the punishment terms within the specified time. The SEC has therefore requested the public prosecutor in writing to file a lawsuit against Mr. Thanawat in the Civil C...
The Office of Securities and Exchange Commission (SEC) is considering amendments to the laws administered by SEC in order to increase the efficiency of law enforcement. The Agency proposes to establish witness protection measures which can be granted during the stage of SEC’s investigation. The measures will provide SEC another prospect to obtain credible information and evidence that will enable the Agency to bring more legal actions, either criminal or civil, against offenders. Whereas...
At the beginning of 2017, SEC held a public consultation on the proposed principal for revising information of the schemes and obligations of property funds and infrastructure funds. The business and investment communities duly gave comments.This time, SEC makes eight revised draft notifications in accordance with the proposed principal. Regarding the management of property funds and the prospectus, the proposed amendments are made to align with the regulations on REITs and to correspond...
Bangkok, January 21, 2013 ? According to the news coverage on an interview of Mr. Sompoch Ahunai, Chief Executive Officer of Energy Absolute PLC, concerning financial information and forward-looking statements, certain information appeared in the interview was different from that disclosed in the registration statement (filing form). The differences include the information on gross profit indicated at 10% while 5.05% of gross profit for the first 9 months of 2012 was disclosed in the registratio...
-approval of each option clearly to the bondholders, together with the reasons and opinions of the bondholders' representative. Furthermore, the SEC requests the bondholders to scrutinize the information in
Earlier, the Civil Sanction Committee (CSC) resolved to impose civil sanctions on 12 offenders* for manipulating the share price of Scan Inter Public Company Limited (SCN), requiring them to pay the total amount of 28,223,311 baht (comprising civil penalties, compensations in the amount equal to the benefits received or would have been received and reimbursements of investigative expenses incurred by the SEC). These individuals were also prohibited from trading securities and derivatives for 14...
Earlier, the Civil Sanction Committee resolved to impose civil sanctions on {A} for obstructing and not cooperating with other IFEC directors to set up board of directors meetings and a shareholders meeting to appoint new directors to fill vacancies, while serving as IFEC director and chief executive officer. In addition, the SEC investigation found that {A} disobeyed the board of directors’ instruction and refused to facilitate a meeting venue for the board of directors’ meeting. Such mis...