The proposed guidelines have received public comments from several channels spanning from website, social media to focus groups.The to-be-issued rules will provide regulatory clarity for ICO issuers, related intermediaries and those who transact with digital assets, and lessen chance for people on deception or be at disadvantages as well as allow the public sector to have tools to monitor and deter money laundering.ICO issuers must be a company established under Thai law, with a clear bus...
Bangkok, January 21, 2013 ? The SEC participated in the International Forum of Independent Audit Regulators (IFIAR)?s global survey with a view to making further progress in improving audit quality in Thailand to the highest level in line with international standards. IFAIR conducted this survey for the first time with the objective to identify the level of inspection activity and common inspection findings related to the audits of public companies around the world. The findings in the audits o...
Bangkok, August 16, 2012 ? The SEC reveals that provident funds offering employee?s choice continually increased in Q2/2012. The record showed an increase of 176 employers offering employee?s choice
Bangkok, August 17, 2012 - The SEC imposed administrative sanction on seven investment consultants for their failure to record clients' securities or derivatives trading orders by suspending one employee of Ausiris Futures Co., Ltd. {A} and four employees of KGI Securities (Thailand) PLC {B}, {C}, {D}, and {E}, effectively from August 17, 2012, as well as revealing inappropriate actions of {F} and {G}. The SEC found from the routine inspection that {A} frequently failed to record her clients' de...
Bangkok, May 27, 2014 ? The SEC revealed audit inspection results on eight audit firms; citing all of them met quality requirements. The result, however, showed room for improvement in the area of engagement performance, if improved will heighten their efficiency and bolster investor confidence in the Thai capital market. The SEC?s audit inspection in 2013 covering eight audit firms indicated that every firm passed the six key elements with highest average score in the area of client accep...
Bangkok, January 22, 2014 ? Following the acquisition of control over Electronics Industry Public Company Limited (EIC) by Bee Taechaubol and Thai Prime Co.Ltd., where the tender offer for all EIC shares has been launched at 1.25 baht per share, Bee has been found purchasing 1,017,500 EIC shares through the Stock Exchange of Thailand (SET) at 3.50 baht a share. The tender offer will be closed on January 27, 2014.As the purchase price is higher than the tender offer price, it caused unfair tre...
Bangkok, May 12, 2015 ? The SEC published 2014 Independent Audit Inspection Activities Report covering inspection of 12 audit firms and working papers of 46 approved capital market auditors. The inspection showed impressive progress, paving the way to the quality enhancement and increase the number of capital market auditors to accommodate the growth of Thai capital market. Tipsuda Thavaramara, SEC Deputy Secretary-General said, ?At present, Thailand audit oversight has been developed and reco...
In this regard, the SEC reiterates its warning to DA business operators to fulfill their duties in safeguarding clients’ digital assets in accordance with established criteria, with a primary emphasis on security. Under the SEC’s regulations, DA business operators must take into account risks of fraud and cyber theft, and are prohibited from providing services related to digital assets through business operators who are currently under criminal complaints imposed by the SEC or under legal procee...
After STARK had failed to prepare and submit its financial statements for the year 2022 within the specified period as required by law, the SEC, by virtue of Section 58 of the SEA, instructed the company to clarify its plan for the preparation and submission of such financial statements, including the repayment of all bonds issued by the company together with the possible impacts on investors, so that investors can have information for decision-making. At the same time, STARK was also instructed...
SEC held the second meeting with the “SME Startup PE VC” working group, set up to promote access to the Thai capital market by small- and medium-sized enterprises, startups, private equity firms, and venture capital firms, on 19 December 2019. Methods for fund mobilization and trading of shares of SMEs and startups on secondary markets were discussed. Conclusions from said discussion are as follows: 1. SMEs and startups are required to be limited companies or public limited...