Bangkok, February 24, 2014 ? SEC Secretary-General Vorapol Socatiyanurak revealed that the SEC Board approved to prescribe a depositary receipt (DR) as a security under the Securities and Exchange Act, B.E. 2535. The DR issuers will be subject to the approval and disclosure rules to be specified later. In addition, the permissible DR must represent a security listed on overseas exchange as well as other securities, instruments or other assets to be specified by the SEC Board. The introduction of...

Bangkok, June 12, 2009 ? The SEC Board Meeting No. 8/2009 today approved revision of rules governing private fund management business to reduce operating costs and increase flexibility for business operators.  According to the revised rules, asset management services provided for the companies under the same business group will not be considered the undertaking of private fund management business. Therefore, a private fund management license is not required. However, structural relationship betw...

Bangkok, February 11, 2010 ? The SEC Board today approved in principle investment in foreign exchange derivatives or structured notes for investment purpose by mutual funds and retail private funds1 at its Meeting No. 2/2010. Such investment, however, must also comply with the central bank?s relevant regulations. Currently, forex derivatives investment is permissible for hedging purpose only. The relaxation will allow mutual funds and retail private funds more flexibility to engage in forex deri...

Bangkok, December 17, 2007 ? The SEC Board at the Meeting No. 12/2007 held on December 14, 2007 has approved the amendments to the rules issued by the SEC and the Stock Exchange of Thailand regarding the qualifications of independent directors and audit committees of listed companies ("Company") to reduce redundancy and provide clearer requirements as well as improved audit committee charter in line with international standards. The essences of the amendments are: (1) The Company?s indepen...

Bangkok, December 17, 2007 ? The SEC Board at the Meeting No. 12/2007 held on December 14, 2007 has approved the amendments to the rules issued by the SEC and the Stock Exchange of Thailand regarding the qualifications of independent directors and audit committees of listed companies ("Company") to reduce redundancy and provide clearer requirements as well as improved audit committee charter in line with international standards. The essences of the amendments are: (1) The Company?s indepen...

Bangkok, February 24, 2010 ? The Capital Market Supervisory Board Meeting No. 2/2553 approved today (1) the guidelines for establishment of exchange-traded funds to be listed on the Stock Exchange of Thailand (SET) for investment in foreign exchange-traded funds (Thai ETFs on foreign ETFs) and (2) the revisions to the regulations governing three types of special-purpose funds: Property Funds for Resolving Financial Institutions Problems (Type II Fund), Mutual Funds for Resolving Financial Instit...

SEC Secretary-General Ruenvadee Suwanmongkol said that she has signed the notification on Detail of the Mutual Fund Scheme for Establishing the Super Savings Fund (SSF) which has the policy allowing to invest not less than 65% of net asset value in listed securities on the Stock Exchange of Thailand and the notification on waiving fees for the application and registration of such funds for asset management companies. Both notifications are to be published in the Royal Gazette.“Asset manage...

The SEC Board has approved the principles for amending the regulations concerning ICO portals to allow the outsourcing of all system operations related to ICO portals, including certain due diligence tasks. This aims to increase flexibility and business efficiency, as well as to promote the roles of securities business operators (traditional players), thereby strengthening and enhancing the ecosystem. This will help investors access investment tokens more widely and provide businesses with more...

SEC Secretary-General Ruenvadee Suwanmongkol said that since the regulations on details of mutual fund schemes supporting the establishment of SSF to invest mainly in listed securities took effect on 13 March 2020, SEC has already approved 17 such SSFs established by 13 asset management companies. “SEC has expedited the approval process to make sure that IPO of this special SSF can begin on 1 April 2020,” added Ms. Ruenvadee.  On 10 March 2020, the Cabinet approved tax exemption on SSF in...

The meeting was chaired by Sirivipa Supantanet, SEC Deputy Secretary-General, along with distinguished members such as Emeritus Professor Vitit Muntarbhorn, Associate Professor Thongthippa Wiriyaphan, Dr. Netithorn Praditsan, Deputy Secretary of Global Compact Network Thailand (GCNT), and Pimpan Diskul Na Ayudhya, Director of Thailand Responsible Business Network (TRBN). The working group believes that this kind of training course will help the business sector to seamlessly integrate human...