. Among several capital market related issues discussed at the meeting, three critical ones were deemed to have significant impacts on developing countries including Thailand. They are: 1. US Subprime

and the persons whom IFEC identified as director via the Stock Exchange of Thailand (SET) to solve the company's problems urgently and to disclose their individual clarifications to the public within

from those of other assets, and that (2) there have been reports about a number of foreign DA operators experiencing liquidity problems and asset-keeping risks in this regard. The SEC, in the past

Bangkok, August 7, 2009 ? The SEC has announced the release of 109 newly issued capital market notifications as replacement for those repealed by the amendment to the securities law. All notifications (Thai version) are now available on the SEC website at www.sec.or.th. According to the Securities and Exchange Act (No. 4) B.E. 2551 (2008) and the Derivatives Act (No. 2) B.E. 2551 (2008) which came into force last year, the Capital Market Supervisory Board (CMSB) assumed from the SEC Board the r...

Bangkok, November 7, 2006 ? The SEC has issued seven administrative orders today ? one suspension and six probations ? against investor contacts involved in unregulated loans for securities trading of their clients. The suspension from the role of investor contact is imposed on Tawatchai Rossanakarn for a period of two years on account of participating in unregulated loans to facilitate his clients? securities buying and money transfers between the lenders and the borrowers. In addition,...

During the meeting, both parties discussed the importance of enhancing cooperation between CSRC and SEC Thailand based on MoU signed in 2007, in response to global and regional challenges, and exchanged views on feasible ways to promote cross-border investment between the capital markets of both countries.In addition, the meeting agreed to look into the possibility of enhancing cross-border investment between both capital markets. Both parties also discussed and exchanged regulatory views o...

While all securities companies were required to have paid-up registered capital at the same amount of 100 million baht, the new rules require that applicants and licensees of all types of securities business, including securities dealing, securities underwriting, proprietary investment and securities custody, have paid-up registered capital at the following different amounts:                            (1)  100 million baht for undertaking securities business with the obligation towards cl...

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...

The new regulations allow insurance companies to issue and offer for sale of insurance capital bonds. Initially, such offering must be in private placement scheme to no more than 10 investors (PP-10) and to institutional investors (II) only. In addition, the applicant must seek an approval from the Office of Insurance Commission (OIC) before filing an application for approval of such bond offering with SEC. After the offer for sale of insurance capital bond, the issuer is also required to...