For derivatives business operators to have sufficient time in preparing their operating systems, the SEC approved draft rules governing derivatives agents with requirements as follows: Readiness of Business Operation: Derivatives agents must have in place (1) clear organization structure, (2) working system that prevents conflict of interest and the leak of information, (3) risk management system, (4) operational and IT management system, (5) database system, and (6) compliance system. Beside...
The SEC approved the supervision guidelines for provident fund management business as agreed by the Association of Investment Management Companies (AIMC) with a view to enhance asset management
Bangkok, June 22, 2009 ? The SEC urges shareholders of Scandinavian Leasing Plc. (SCAN) to make careful decision and exercise their voting rights on the purchase of Deva Development Plc. (DEVA
market, including the supervision of securities settlement systems, is fundamentally sound, secure, efficient and reliable. They also recommended that the following identified deficiencies, mostly in the
Bangkok, December 4, 2014 ? The SEC is seeking public comment on a proposal on crowdfunding supervision, aiming to introduce a new fundraising channel for small and medium sized enterprises in
under the business undertaking according to the Derivatives Act B.E. 2546 (2003) and are therefore not under the SEC?s supervision. The clarification came out from the discussion held with the Gold
Bangkok, June 8, 2012 ? The SEC has received enquiries about details and conditions of subordinated debentures no.1/2012 to be issued by PTT Exploration and Production Plc. from investors obtaining advertisement from Kasikorn Bank Plc., as this issue of debentures contains more complex conditions than general debentures.In case where the debenture issuer exercises its right to early redemption and to defer interest, the debentures? rate of return will be lower than pre-determined interest rates;...
resulted from AM?s increased financial cost. Risk from conflict of interest must also be observed as AM will become GJS indirect major shareholder and will have conflict of interest in decision making on
Bangkok, October 20, 2008 ? The SEC Office sent a written request for relevant information on the SC Asset Corporation Plc. (SC) case to the Office of the Attorney-General after the public prosecutors had decided to drop the case. The information requested will be considered in preparation of the SEC Office?s opinion towards the case which will be submitted to the Director-General of the Department of Special Investigation (DSI). The action is in accordance with the SEC Office?s standard law enf...