Earlier, the SEC received tips from the concerned public and stakeholders that unlicensed digital asset business operators, both local and foreign, were soliciting investments and services to the public at a financial technology exhibition held at a shopping center. The SEC thus conducted an on-site investigation to collect evidence. Today, the SEC and the ECD inspected the exhibition booths at the fintech expo and found a number of business operators who may be liable to undertaking securities...
Microsoft Word - ELCID_Telemax Capital Increase No. FER 600195 March 23, 2018 Subject : Notification of the capital increase and investment plan of its subsidiary Attention : President, The
Bangkok, October 18, 2011 - SEC Secretary-General Vorapol Socatiyanurak reveals the plan to take proactive role to support the growth of the Thai capital market by means of increasing capital market products. The SEC will provide support to businesses, regardless of size, industry or location, to raise funds through the Thai capital market serving as destination for offer for sale of shares or debentures. For newly established businesses with potential, venture capital will also be available.Th...
capital increase of 1,076.51 million baht (from the existing 358.84 million baht to reach the new amount of 1,435.35 million baht) by issuing additional 21,530,245,323 shares at the price of 0.05 baht per
SEC Secretary-General Ruenvadee Suwanmongkol announced that SEC has issued a measure allowing asset management companies to borrow money or enter into a repurchase transaction agreement to better manage liquidity of fixed income funds and mixed funds that invest at least 60 percent of the net asset value in debt securities. The limit for such transactions is increased from 10 percent to 30 percent of the NAV at daily closing. This liquidity boosting option is valid until 30 April 2020, as...
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...
Essentially, the new rules allow securities brokers and derivatives agents to provide two types of trading services of capital market products that respond to investors’ demands more efficiently, namely (1) program trading service that automates trading order execution according to clients’ selected investment strategy* and (2) portfolio advisory with execution service.** Both of the services are exempted from the securities business license in the category of private fund management and...
Following the initial launch earlier this year, the ESG Product Platform in its second phase features extensive coverage and details related to sustainability-themed financial products, especially SRI Funds and bonds.* Additional details for SRI Fund include investment policy, investment unit value, net asset value, dividend policy, fund fees and past performance. The information is available bilingually, in Thai and English, for the public’s convenience. The SEC introduced the ESG Pro...
increase as agreed, which might lead to the company’s business downsizing or termination, the Securities and Exchange Commission (SEC) has, on the same day, notified Zipmex, in writing, to provide
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...