Bangkok, April 10, 2014 ? The SEC is seeking public comment on relaxing a unit holding limit where any person or group of persons is allowed to hold not exceeding one-third of all units in a mutual fund ("One-Third Rule"). As there is no such One-Third Rule in other ASEAN countries, the proposed revision aims to facilitate Thai investment management companies by exempting the said Rule from unit holding of mutual funds set up by Thai investment management companies under the ASEAN Collective Inv...
Bangkok, May 29, 2014 ? The SEC is seeking public comment on 2 draft notifications to facilitate offering of mutual funds set up by Thai investment management companies under the ASEAN Collective Investment Schemes (Thai ASEAN CIS). To begin with, the first one provides an exemption of unit holding limit up to one-third of all units sold (the One-Third Rule) for Thai ASEAN CIS in the portion offered to non-Thai nationals and omnibus account in other ASEAN countries to non-Thai nationals and omni...
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
Securities Company Granted an Exemption from Application for Approval of Person to be Major Shareholder
for sale overseas with foreign nationality (normal persons/juristic persons) or via omnibus account under a foreign mutual fund management company. 1.2 Relaxation on the unitholding proportion with
business, employee, staff, advisor earning regular monthly salary, controlling person during the period of two preceding years. Relaxation of this requirement is in the case where the person is retired as a
circumstances that may make debt repayment impossible (if any); Information on any receipt of other assets as a debt repayment (if any); Information on casting of votes in shareholder meetings; Information on
as a debt repayment (if any); Information on casting of votes in shareholder meetings; Information on holding of investment units more than one-third of the units outstanding (if any); Iist of fund