Real estate-backed ICO is in the form of fundraising and benefit generation similar to REIT. However, the regulations governing real estate-backed ICO with regard to investor protection mechanism are different from REIT regulations. For example, the real estate-backed ICO currently lacks a mechanism for monitoring and overseeing the management of assets and for protecting the interest of digital token holders.The SEC has therefore amended the regulations governing supervision of real estat...
According to the Ministerial Regulation Re: Granting of Approval for Undertaking Digital Asset Business (No. 2) B.E. 2563 (2020), which became effective on 27 November 2020, “Digital Asset Investment Advisor” and “Digital Asset Fund Manager” shall be two new types of digital asset business subject to SEC’s supervision. Therefore, any person who wants to conduct any of these new businesses is required to apply for an applicable license with SEC. In this regard, SEC adopts the regulations on busin...
SEC had proposed, in principle, to amend the definition of major shareholder of the securities companies which at present is determined based on the “number of voting shares” to the “number of
the business models of the private sector._______________________ Link to SEC News No. 36/2564 headlined, “SEC enhances real estate-backed ICO oversight to strengthen investor
Securities Company Granted an Exemption from Application for Approval of Person to be Major Shareholder
capital markets in order to reinforce investor confidence and become more attractive investment destination. Vorapol Socatiyanurak, SEC Secretary-General, said that ?ASEAN countries place high
adds “digital asset investment advisor” and “digital asset fund manager” as new regulated businesses and amends regulations on supervision of digital asset business operators to strengthen investor
strengthen investor protection Customer (KYC), fit and proper personnel, standard sales process, management of customers’ digital assets and related data, and capital adequacy. There are also new provisions
models of the private sector. _______________________ Link to SEC News No. 36/2564 headlined, “SEC enhances real estate-backed ICO oversight to strengthen investor protection mechanisms”: https