Bangkok, November 3, 2014 ? The SEC will revise underwriting rules to provide more flexible risk management by permitting underwriters to trade underlying securities of the underwritten securities. SEC Secretary-General Vorapol Socatiyanurak revealed that the Capital Market Supervisory Board recently approved rule revisions to allow underwriters to trade underlying securities of securities underwritten by them. The permission will cover either trading to hedge derivatives positions that underwr...
Bangkok, March 3, 2014 ? The SEC Board approved the amendments to regulations on trustee of real estate investment trusts (REITs) to enhance flexibility and facilitate REIT development.Vorapol Socatiyanurak, SEC Secretary-General said that ?The SEC Board approved the amendments to regulations governing REIT trustees to allow more participation in transactions with REITs, providing that they must be independent from the owner of assets to be invested by REITs. Moreover, REIT trustees must have in...
Bangkok, May 14, 2014 ? The SEC allows broader investment in foreign investment products and permits more business operators to provide services in foreign currency denominated securities. SEC Secretary-General Vorapol Socatiyanurak revealed that the Capital Market Supervisory Board (CMSB) recently approved revision of regulations to expand list of investment products denominated foreign currencies permissible for accredited investors (AI) in preparation for the Capital Account Liberalization P...
Bangkok, July 24, 2013 ? SEC Secretary-General Vorapol Socatiyanurak revealed that the Capital Market Supervisory Board approved the amendment to regulations governing establishment and management of Real Estate Investment Trusts (REITs) to enhance flexibility and promote the establishment of REITs. The amendment will allow REIT trustee to participate in more REITs related businesses, providing that REIT trustee must be independent from REIT manager. For the participation in REITs related busine...
Bangkok, June 20, 2012 ? The SEC Capital Market Supervisory Board resolved to amend regulations on the public offering of newly issued shares by public limited company that its major business is holding other company?s stocks ("holding company"). The amended regulations specify that holding company must hold shares in its subsidiaries that are categorized as its core business (either established in Thailand or in foreign countries) at the proportion not less than 50% of the total number of votin...
Bangkok, August 13, 2014 ? The SEC allows mutual fund for accredited investors (AIs) to invest in derivatives without investment limit, adding more investment choices for AIs. Vorapol Socatiyanurak, SEC Secretary-General revealed that the Capital Market Supervisory Board has approved the relaxation on rules applicable to mutual funds for AIs (institutional and high net worth investors). The relaxed rules allow funds to invest in derivatives without investment limit to offer more investment choic...
Bangkok, February 10, 2014 ? SEC Secretary-General Vorapol Socatiyanurak revealed that the Capital Market Supervisory Board approved an exemption of requirement to conduct suitability test for institutional clients of registered derivatives dealers and derivatives fund managers, considering that the institutional clients are capable of making their own investment. The institutional clients may, nevertheless, make an opt-in request to do the suitability test for evaluation of their portfolio inve...
In a case that at the minimum 80% of targeted fundraising amount in crowdfunding project are subscribed, this is regarded as successful debenture crowdfunding. This regulatory revision aims to assist small- to medium-sized enterprises (SMEs) to gain greater access into funding sources, and to be in line with overseas crowdfunding regulations. It came into force from 16 March 2020.SEC Assistant Secretary-General Jomkwan Kongsakul said “SEC is ready to support the government policy in pro...
Bangkok, May 18, 2011 ? SEC Secretary-General Thirachai Phuvanatnaranubala said after the Capital Market Supervisory Board's Meeting that the Board resolved to amend the underwriting rules and conduct of derivatives brokers as follows: 1. Underwriting rules will be relaxed to permit brokerage firms that issue instruments linked to other underlying securities, e.g., derivatives warrant, trading such underlying securities while underwriting them. The relaxation aims at facilitating the brok...