business operators providing bond securities business services to examine and ensure that the ultimate beneficiary owners (UBO) register for their authentication with the BOT before providing the
Under the existing regulations, each business operator allows to prepare the customer complaints’ handling report in its own style and classify the type of complaints as it deems appropriate. Such variations have caused SEC extra time on processing the data for regulatory use. In addition, the current regulation which requires the operator to submit the report in paper form to SEC has incurred an undue burden to the business. SEC, therefore, proposes to amend the regulations by requiring...
Bangkok, October 2, 2015 The SEC has rolled out an initiative to enhance sustainability of the financial reporting ecosystem, which is paramount to the integrity and soundness of the Thai capital
Bangkok, February 9, 2016 ? The SEC is seeking public comments on draft amendments to several regulations governing provident fund (PVD) management to promote PVD as an effective savings chanel for employees. The revision aims at encouraging employees to save more, save longer, and save smart, to enjoy better quality of life after retirement.The proposed amendments would require that asset management companies comply with the following key regulations: 1) To provide several investment plans f...
, sufficiently, and comprehensively. The SEC?s seminar, recommendations, and checklist are the tools that enable listed companies to enhance their disclosure quality. If they all can proceed in accordance with
Mrs. Pornanong Budsaratragoon, Secretary-General of the Securities and Exchange Commission (SEC), and Mr. Asadej Kongsiri, President of the Stock Exchange of Thailand (SET), signed an updated Memorandum of Understanding (MOU) to strengthen mutual collaboration in capital market oversight. This collaboration aims to improve regulatory efficiency within each organization’s legal framework, creating clearer, non-overlapping guidelines in line with the evolving capital market ecosystem. The collabor...
The SEC has reviewed the regulations concerning the SPO shares offering and the mai/SET listing requirements for LiVEx-listed companies to better accommodate small and medium-sized enterprises and enable LiVEx-listed companies to conduct business with more flexibility, while continually maintaining appropriate levels of investor protection. Another proposed amendment is a revision to the mai/SET listing regulations to facilitate mai/SET listing for LiVEx-listed companies. The proposed amendments...
fairness and transparency, to supervising capital market professional to elevate their role of inspection and preventing listed company fraud. The proposed amendments also aim to enhance the reporting of