Bangkok, August 6, 2008 ? In the SEC Board Meeting No. 8/2008 and the Capital Market Supervisory Board (CMSB) Meeting No. 5/2008 held on July 31, 2008, the following resolutions were passed: The SEC Board?s resolution Securities companies are allowed to appoint independent directors or non-executive directors as their audit committee: By virtue of Section 89/25 of the Securities and Exchange Act (SEA) (No.4) B.E. 2551 (2008), the auditor of a securities company (as well as an asset manage...
Bangkok, October 22, 2008 ? In the SEC Board Meeting No. 11/2008 and the Capital Market Supervisory Board (CMSB) Meeting No.8/2008 held on October 21, 2008, the impacts of the global financial crisis on the Thai market were discussed, and regulatory relaxation regarding tender offers was proposed to support share buyback (treasury stock) programs as a means to encourage securities trading activities, and rebuild investor confidence in the Thai market. The essence of the proposed tender offer rul...
Bangkok, August 14, 2009 ? The SEC Board and the Capital Market Supervisory Board (CMSB), in their respective meetings today, approved revision to the regulations governing offshore investment and fund management business. The provisions to be amended are: 1. Types of Investable Financial Instruments Retail investors will be allowed to invest in additional types of foreign securities and derivatives through local securities firms. They are:1.1 securities issued by domestic companies...
Bangkok, November 17, 2008 ? The SEC Board and the Capital Market Supervisory Board (CMSB), in their respective meetings No.12/2008 and No.9/2008 on November 14, resolved to relax certain rules and regulations to facilitate fund mobilization of the private sector as well as redemption of investment units. The CMSB also approved the amendment to the SET share buyback rules to accommodate listed company transactions for such purpose. The resolutions are summarized as follows: 1. Amendment...
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
The Securities and Exchange Commission (SEC) Board, represented by Prof. Wisit Wisitsora-at, SEC Board Chairman, along with Prof. Dr. Pornanong Budsaratragoon, SEC Secretary-General, and the Stock Exchange of Thailand (SET) Board, represented by Prof. Kitipong Urapeepatanapong, SET Board Chairperson, together with Mr. Asadej Kongsiri, SET President, held a meeting to discuss the strategic plans of both the SEC and SET for 2025-2027. The meeting aimed to align the SEC and SET initiatives to enhan...
Bangkok, November 7, 2013 ? The SEC, Association of Provident Fund (AOP) and Association of Investment Management Companies (AIMC) collaborated to develop an Accredited Provident Fund Committee Members Program (APC). The APC aims at educating the provident fund committee members on best practices, good governance and duties of the provident fund committee. The program includes knowledge on various financial instruments, how-to select investment policies and asset management companies, and perfor...