The amended rules on approval of ICO portals give the applicants more flexibility and reduce risk on developing/investing in high-cost work systems while the approval process is underway. Pursuant to the amended rules, the approval process is now divided into two steps, namely: (1) examining the qualifications and appropriateness of the required work systems according to the application supporting documents within 90 days from the date of filing the application with SEC, and (2) inspecti...
The SEC had reviewed the criteria related to report on securities (i.e., shares and convertible securities) or derivatives holding of listed companies’ directors, executives, and auditors** and proposed amendments to such criteria to reduce redundancy and inject flexibility for reporting parties while ensuring that data users receive sufficient information within an appropriate time. Having received comments and recommendations from the public consultation at the end of 2022, the SEC has refined...
Essentially, the amendments would apply to digital asset business operators, i.e., exchanges, brokers and dealers, and cover the licensing process, from change to the fee payment time frame to extension to the time frame of readiness preparation for business commencement in case of necessity. In addition, the regulations governing key aspects of digital asset business operation would be amended. For example, data storage system, management system and custody of client assets. This is to pr...
The provisions proposed to be added are as follows: (1) Provision that will require the association to operate its affairs in accordance with the rules prescribed by SEC Board. If, however, there is any matter that SEC Board has not specifically specified, then the provisions under the Trade Association Act will be applied mutatis mutandis; (2) Provision that will allow the association to invest in certain types of securities, provided that, such investment is made...
enhance flexibility and accommodate future changes suitable for the Thai capital market landscape. Over the past years, foreign studies have shown that many foreign capital markets have revised their
Bangkok, January 6, 2015 - The Securities and Exchange Commission, Thailand (SEC) and the National Institute of Development Administration (NIDA) signed a memorandum of understanding (MOU) to form ?Academic Alliance? project to develop knowledge management for public and private sectors as well as economic, social and capital market development. The project aims at creating quality graduates through a variety of academic projects. Vorapol Socatiyanurak, SEC Secretary-General said, "This MOU sign...
The new partnership between CDP, which runs the global TCFD-aligned environmental disclosure system, and the SEC will include collaboration on a number of important areas including: • Co-developing a programme to improve the quantity and quality of environmental disclosures from corporates and financial institutions in Thailand • The provision of data and insights from CDP to the SEC and other policy actors to support the priorities laid out in the Sustainable Finance Initiatives for Thailand...
On December 28, 2018, SEC together with the Legal Execution Department and the Department of Legal Execution, Office of the Attorney General, signed a Memorandum of Understanding for the benefit of legal execution against offenders. It is the integration of collaboration between the three agencies, supporting the functions of each agency including exchanging information, knowledge and expertise in the prevention of the transfer of property enabling the collection of assets of offenders or defen...
Bangkok, March 10, 2014 ? The SEC jointly with the Association of Investment Management Companies (AIMC), the Stock Exchange of Thailand (SET), the Thai Bankers? Association (TBA), the Association of International Banks (AIB), the Association of Securities Companies (ASCO), and the Thai Listed Companies Association (TLCA), launched a project called ?A thousand baht, Start a journey to your dream? to promote investment discipline among working-age population by conveniently investing at least 1,...
in case of complaints or issues on misconduct of directors or executives of listed companies under the Securities and Exchange Act B.E. 2535 (1992) to enhance flexibility of work process and