SEC has prepared a questionnaire surveying preparedness toward the Personal Data Protection Act, B.E. 2562 in April 2020 for self-assessment of 276 organizations under its supervision. Based on the results, 192 firms responded, scoring 70% total preparedness in personal data protection.Business operators, who need to accelerate their preparedness for the Personal Data Protection Act, have been advised by SEC to accelerate the following, four main issues.(1) Considering appropriate legal b...

The SEC has opined that organizing a shareholders meeting to elect new directors in order for IFEC’s board of directors to have a quorum in compliance with the law would be a proper way for IFEC to urgently solve its problems, such as loan defaults  and failure to prepare an submit financial statements to the Stock Exchange of Thailand (SET) to avoid a possible delisting from the SET and mitigate impact on investors and shareholders.  Since the Commerce Ministry’s Department of Business...

The SEC emphasizes the importance of supporting relevant parties and key stakeholders in the financial reporting ecosystem to ensure that they are capable of performing their duties appropriately. Several projects and activities related to enhancing the quality of financial reports are organized on a continuing basis to strengthen credibility of finanical reports and investor protection. This includes inspection of audit firms’ quality control systems, which has been running since 2010.  Accordi...

Following a tip from a reliable source and SEC’s further inspection, SEC finds that Devere & Partners and Mr. Ian Mcintyre had operated securities brokerage and investment advisory businesses

, particularly new-gen groups, for digital asset and fund raising businesses operation such as issuance of digital tokens or ICOs.As such, “SEC finds it necessary to enhance knowledge and understanding

Upon the review of the Securities and Exchange Act, SEC finds that certain provisions of the law do not support the issuance of debt securities under the current economic situations. For example, the

, if the auditor finds additional facts, GL may have to rectify the amount of money in the financial statements further in addition to the rectification ordered above.   Information contained in this

essential information for investors and shareholders in making investment decisions and monitoring the performance of listed companies. The SEC finds no sufficient justification to approve JKN’s request

compliance with the law. If the SEC finds any actions by JKN directors or persons involved to be inconsistent with the law, appropriate measures will be taken as deemed necessary.   The SEC has emphasized to

, or opening a digital wallet for the purpose of using digital assets as a means of payment for goods and services, etc.;    (2) In the case where a digital asset business operator finds that a client