In the past, SEC had been approving securities business operators to assign outsourcing in other operations related to businesses for the effectiveness and flexibility of the operation. Business providers are still responsible for any actions operated by the outsourced company while the outsourced company must also have the readiness in both personnel and the operating system, and such operation must be under appropriate supervision.SEC is revising the regulations regarding supervision of...
Pursuant the Digital Asset Business Law, as amended, digital asset business operators having any of the following characteristics are deemed to be providing services to persons in Thailand, which requires proper license under the Digital Asset Business Law: (1) having a digital platform displayed, in whole or in part, in the Thai language; (2) having a digital platform registered by using a domain name with the extension “.th” or “.ไทย” or any other name that signifies Thailand or the Kingd...
The SEC has provided guidelines for promoting the growth of digital asset custodial wallet providers (DA custodians) by supporting them in maintaining appropriate costs. This initiative aims to increase alternatives for digital asset businesses seeking to store client assets with domestic DA custodians. Additionally, the SEC is working to enhance the digital token ecosystem by facilitating both primary market offerings and secondary market trading. To achieve this, the SEC is reducing the NC req...
The Securities and Exchange Commission (SEC), led by Secretary-General Pornanong Budsaratragoon, along with SEC executives, held a joint meeting with the Custodian Club, led by President Utumporn Viranuvatti, and club members, to discuss strategies for elevating the efficiency in the standards of post-trade services of investment management companies. Both parties also exchanged views on the roles of custodians under draft amendments to the Provident Fund (PVD) Act and within the securities trad...
Under the amendments, SEC has proposed to lift the limitations on unitholding which bar any person or any associated person from holding investment units in a mutual fund over one third of the
. Vorapol Socatiyanurak added that ?The SEC is well aware of the necessity to develop more speedy and accurate e-Filing system in order to lift up the quality of information dissemination service for
waiver of the filing fee, and lift the requirement that a financial advisor participate in the preparation for the PO application and the registration statements.In drafting the proposed amendments, the
in line with the SET policy which has long been given priority to elevate quality of listed companies to be on par with internationally accepted standards. Together with the institutional investors
planned to lift suitability test standard to facilitate business operators and investors. The standardized suitability test will be used for investment in all types of the capital market products including
management system must be made and reviewed on a continual basis. ?The SEC and the AIMC have continual cooperation to lift up the standard of Thai investment management business to comply with the