On 17 September 2021, the SEC sent a circular to all listed companies advising listed companies that invest or plan to invest in digital assets to exercise discretion in making decisions regarding such investment. This is to prevent material impacts on the companies’ financial position or operating results as digital asset investment is usually exposed to relatively high risk from price volatility. In addition, the SEC reiterates that listed companies should take action and consider various fact...
customers’ asset containment.“Business operators play a vital role in the digital asset market. Therefore, SEC has issued the notification for interested parties to study it in detail. SEC is pleased to
increasing the speed and caution for the enforcement process as well as promoting cooperation for human resources development, sharing of knowledge and technological know-how to ensure justice in the
conditions for digital asset trading centers and dealers like a case of customers’ asset containment. “Business operators play a vital role in the digital asset market. Therefore, SEC has issued the
urges the private sector to exercise caution and refrain from using response letters in such manner.In any case, the SEC’s response letters to inquiries may contain facts that have changed or are specific
gathering related documents and evidence for auditor. Considering that financial statements provide investors and shareholders with vital information for making investment decision and monitoring listed
market personnel including new types of capital market personnel required to obtain the SEC?s approval due to their vital responsibilities having high impact on the clients. The approval will be applicable
invest in such products should proceed with extra caution since:(1) The product above has not been screened with regard to its qualifications and smart contracts by SEC-approved ICO portals; (2
SHARE : SEC advises listed companies to exercise care and caution before investing in digital assets Monday 20 September 2021 | No. 177 / 2021 Bangkok, 20 September 2021 – The Securities and Exchange