(IA) business undertakings. In this regard, Thai business operators have to inform the SEC of the names of such foreign personnel in advance and determine the term for their provision of advisory

Bangkok, January 21, 2014 ?  The SEC revised rules governing provident fund investment for more clarity and flexibility in line with international standards. The new rules have become effective in

with fair treatment and transparency, and increase flexibility for management of member contribution. Most respondents agreed with the proposed amendments and suggested further details for the

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

SEC is opening for public comments on the regulations to supervise private funds as now business operators have developed a variety of services to satisfy customers. Therefore, SEC intends to amend its rules to be more flexible without too high operating costs, and cope with more diverse patterns of business operations. This revision focuses on the principle-based regulations, instead of fixed details, that cover several issues such as personnel’s well-preparedness, investment management,...

SEC is opening for public comments on the regulations to supervise private funds as the business operators have developed a variety of services to satisfy customers. Therefore, SEC intends to amend its rules to be more flexible without high operating costs, and cope with more diverse patterns of business operations. This revision focuses on the principle-based regulations, instead of fixed details, that cover several issues such as personnel readiness, investment management, receiving and...

and comprise a large number of affiliates, due to legal or commercial purposes, in order to add flexibility without causing an unreasonable burden on these companies. The main points of the new rules

. For example, data storage system, management system and custody of client assets. This is to promote flexibility in business operation while ensuring that supervisory guidelines are appropriate and

The provisions proposed to be added are as follows:             (1) Provision that will require the association to operate its affairs in accordance with the rules prescribed by SEC Board. If, however, there is any matter that SEC Board has not specifically specified, then the provisions under the Trade Association Act will be applied mutatis mutandis;             (2) Provision that will allow the association to invest in certain types of securities, provided that, such investment is made...